Blog by Brenda Russell

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Review of 2006 Real Estate Statistics for Victoria, BC, Canada

Victoria Real Estate Board Statistics for 2006

 

Taken from the Victoria Real Estate Board statistics, it showed that single family listings were up 14% over 2005.  The number of "sales" were down 4%.  Single family dwelling prices went up 11% and sale to list ratio was at 64%.  The average number of days homes were on the market was approximately 43 days before selling. 

Condominiums for 2006...listings went up 35%.  The number of unit sales went down 4%.  The average listing price went up 14% and the sale to list ratio was at 59%.  The average number of days condominiums were on the market before selling was 46 days. 

Currently there is good activity however some home Sellers are slow to accept the balancing of the market and have great price expectations.