There is no stopping Victoria Real Estate when it comes to breaking records. The price for a single family home in the Greater Victoria Real Estate area set a new record high of $596,586. This is getting pretty close to the predictions we made last December when the average was around $500,000. Many said that there is no way that the prices can go that high. Well, if you have been following our blogs you know we are very bullish on the Victoria Real Estate market.
The details for then for Victoria area real estate market are as follows: The Victoria real estate market continued to show exceptional strength last month with strong sales and record average prices for single family homes and town-homes. Last month (November) ther were 623 sales through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®). This is up from the 571 sales in November of last year.
There were 16 sales of over $1 million, including three in the Gulf Island that helped push the average price of single family homes in Greater Victoria to a new record high of $596,586. The average price of all town-homes sold also reached a new record high of $473,758. All this show continued strong consumer confidence in the Victoria real estate market.
The six-month average for single family homes is now at $576,230; and the six month average of all town-homes sold last month was $411,262. The median price was $421,750. The average price of all condominiums sold in November was $311,844.
Total MLS® sales last month included 335 single family homes, 179 condominiums, 63 town-homes and 14 manufactured homes.
There were 3,196 properties listed for sale on the MLS® system at the end of last month, up slightly from the 3,158 properties in the same month a year ago.
In our Victoria Real Estate Market Update we have all the numbers for you.
If you have any comments or thoughts on the above, just drop us a note below. If you have questions about Victoria Real Estate in general, you can contact us anytime.
Anders Treiberg, Associate Broker, REALTOR®
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