| | Wednesday, July 6, 2011 Victoria Real Estate Board Statistics June, 2011by Victoria Real Estate Board on Wed, Jul, 6, 2011 04:39 PM
Current MLS® Statistics
July 4, 2011
A total of 618 homes and other properties sold in June through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), up from 572 sales in May and very close to the 625 sales in June of last year.
Victoria Real Estate Board President, Dennis Fimrite, noted that market activity has returned to
comparable levels of a year ago. "Overall sales so far this year are down 21 per cent compared to a year
ago. It’s important to note, however, that the first few months of last year were very activecompared to
this year and we are now seeing a return to similar market conditions of a year ago."
Fimrite added that the number of properties available for sale continued to increase at the end of last
month with inventory levels currently seven per cent higher than a year ago. "The available choice for
buyers increased further last month with 5,050 properties available for sale at the end of June - the
highest monthly level in 15 years." Fimrite add that there were 4,857 properties available for sale at the
end of May.
The average price for single-family homes sold in Greater Victoria last month was $629,292, up from
$628,462 in May. The median price also rose to $569,900 while the six-month average declined slightly
to $619,568. There were 23 single family home sales of over $1 million in June. The overall average pricefor condominiums last month was $320,172, down from $328,345 in May. The average for the last six months rose to $329,402. The median price for condominiums in June also rose to $300,000. The
average price of all townhomes sold last month declined to $444,768 from $466,845 in May. The median price also declined to $399,000 while the six month average rose to $448,159.
MLS® sales last month included 348 single family homes, 177 condominiums, 62 townhomes and nine manufactured homes.
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