GREATER VICTORIA, PARKSVILLE AND NANAIMO REAL ESTATE MARKET STATISTICS – MARCH 2018
Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in March 2018.
In March 2018, there were 287 sales of single family homes and 549 active listings in the Greater Victoria. The benchmark sale price was $724,000 with an average days on market of 31. The hottest market for sales was Saanich East and Langford with 64 and 53 sales respectively. There were also 10 sales and 36 active listings at the end of the month for waterfront homes.
In comparison, the Condo market had 211 sales, 311 active listings at the end of the month. The benchmark sale price was $479,000 with an average days on market of 21. The hottest market for sales was Victoria, 81 sales.
Townhome sales were 92, active listings were 84 and the benchmark sale price was $567,700. The average days on market were 28, and the hottest market was Langford with 22 sales.
It’s a seller’s market in Victoria.
As we move closer to the end of April, the market continues to evolve and it will be very interesting to compare the monthly stats as the Spring Market moves forward.
Check back in a few weeks for an update.