Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in February 2019.
In February 2019, there were 191 sales of single family homes and 709 active listings in Greater Victoria. The benchmark sale price was $739,500 with an average days on market of 40. The hottest market for sales was Langford with 42 sales. There were also 8 sales and 111 active listings at the end of the month for waterfront homes.
In comparison, the Condo market had 129 sales and 443 active listings at the end of the month. The benchmark sale price was $495,000 with an average days on market of 39. The hottest market for sales was Victoria, 40 sales.
Townhome sales were 46, active listings were 178 and the benchmark sale price was $587,500. The average days on market were 44, and the hottest market was Langford and Victoria with 9 sales each.
It’s a seller’s market 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.