Victoria BC MLS® Stats for April 2012

 

 

Pricing and sales numbers for most categories are essentially the same as in March 2012, spelling out a balanced real estate market for Greater Victoria. "That's good news for both buyers and sellers," says Carol Crabb, President of the Victoria Real Estate Board. "The one category with increased sales is condominiums with 19% increase. New developments came on-stream in View Royal and Langford, resulting in a higher sales volume."

 

The average price for single family homes sold in Greater Victoria last month was $609,376, down from $640,553 in March which was slightly elevated by two sales over $4 million. The median price, however, rose to $560,000.

 

Total MLS® sales for April 2012 were 586, with 565 of those residential, compared to 574 and 540 respectively for the same period in 2011. Overall, current sales are on trend with the average 10-15 year cycle. Active listings were 4,638 for April 2012.

 

 

Total Single Family Homes Sold: 316 & Average Price $614,091

 

Total Condos Sold: 171 & Average Price $327.975

 

Total Townhomes Sold: 62 & Average Price $428,237

 

Total Manufactured Homes Sold: 16 & Average Price $125,500

 

Total non-waterfront Single Family Dwellings sold: 316, down 9 sales over April 2011

 

Total waterfront Single Family Dwellings sold: 13, down 1 sale over April 2011

 

Total Single Family Dwellings sold over $1 million: 18 (3 over $2 million) 

 

 

Cameron Muir, Chief Economist of the British Columbia Real Estate Association, expects modest growth in the economy, combined with a strong Canadian dollar will keep the Bank of Canada from raising its trend-setting interest rate until 2013.