Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in December 2018.
In December 2018, there were 147 sales of single family homes and 648 active listings in Greater Victoria. The benchmark sale price was $751,700 with an average days on market of 51. The hottest market for sales was Langford with 31 sales. There were also 8 sales and 109 active listings at the end of the month for waterfront homes.
In comparison, the Condo market had 103 sales and 355 active listings at the end of the month. The benchmark sale price was $495,400 with an average days on market of 36. The hottest market for sales was Victoria, 32 sales.
Townhome sales were 36, active listings were 167 and the benchmark sale price was $584,600. The average days on market were 51, and the hottest market was Langford with 10 sales.
It’s a seller’s market for condos in Greater Victoria.
Parksville / Qualicum
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MLS® Home Price Index (HPI) Benchmark Price
Average and median home prices are often misinterpreted, are affected by change in the mix of homes sold, and can swing dramatically from month to month (based on the types and prices of properties that sold in a given month). The MLS® HPI overcomes these shortcomings and uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Visit www.housepriceindex.ca for more information.
This blog post is based on market data provided by the Victoria Real Estate Board (VREB) www.vreb.org and the Vancouver Island Real Estate Board (VIREB) www.vireb.com. Market data from the VIREB includes listings and sales in Campbell River, Comox Valley, Cowichan Valley Nanaimo, Parksville/Qualicum, Port Alberni/West, North Island, and the Islands.