In his July 2, 2008 report on the real estate market, the President of the Victoria Real Estate Board, Tony Joe, comments on this month's real estate statistics, saying that modest decline in sales from May to June have followed a pattern similar to that of last year.

The overall average price of single family homes in the Greater Victoria area in June was $580,104, with the six month average being $600,740. These figures are compared to the six month average in January, which was just over $586,00. Thus, Joe says, "we see that prices have remained remarkably stable this year."

There are clearly more properties for sale now, but strong interest is still being shown when homes are realistically priced.