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Average prices in Victoria, BC's single family homes in March were up again.

By
Real Estate Agent with Royal LePage Coast Capital Realty, Victoria BC Canada

April 1, 2012

In March sales of single family homes rose 17%, while the six-month average price is up 1% to $599,551.

An astonishing $640,553 was the average price of a Greater Victoria single family home in March 2012, i.e. up from $579,985, but is affected by the sale of two homes over $4 million. However, in comparison to March 2011,  sales in this category are down 7%.

Condos and townhomes sales are flat, compared to February 2012.

"With softer prices, buyers have been looking at houses," says Carol Crabb, President of the Victoria Real Estate Board. "That is now being reflected by the six-month average price increase. We predicted a flat market in January, and so far that is what we are experiencing."

 

With a total of 4,274 active listings, properties on the market have edged up from last month (3,977 active listings at February 29, 2011). Increased supply levels reflect typical spring activity as seen year over year.

Posted by

David Stevens Sig

Royal LePage Coast Capital Realty
4460 Chatterton Way, Victoria, BC Canada V8X 5J2

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Comments (2)

Kathy Clulow
Uxbridge, ON
Trusted For Experience - Respected For Results

David - interesting that town hoses are down in sales and average price while all other indicators are up ..... in looking at the MLS® HPI we can see that, in the Greater Toronto Area, over time town houses have stayed the course more evenly than both 1 and 2 story single family homes and condominium apartments

Apr 10, 2012 03:09 PM
David Stevens
Royal LePage Coast Capital Realty, Victoria BC Canada - Victoria, BC
Royal LePage Coast Capital Realty

Hi Kathy - thanks for your interesting observations, and intriguing to hear that townhouses in the Greater TO area have stayed the course more evenly than other properties!

 

Apr 11, 2012 10:24 AM