Blog by Brenda Russell

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VICTORIA REAL ESTATE

VICTORIA REAL ESTATE - 1ST QUARTER

Homes sales in greater Victoria began to rise in the first quarter of 2007.  The total number of properties sold this quarter was 1,939; totalling over $877 million dollars according to the Victoria Real Estate Board's Multiple Listing Service.  Included in first quarter sales were 1072 single-family homes, 568 condominiums, 181 town homes and 39 manufactured homes.

The average price of single family homes sold in Greater Victoria last month was $542,504; the average for the last six months was $528,113.  The median was lower at $489,900.  The average price of all condominiums sold in March was $306,958; the average for the last six months was $308,482.  The median was again lower at $266,200.  The average price of townhomes for the last six months was $378,941.  The median was $345,000.