The Victoria Real Estate Board today released its report on Multiple Listing Service® real estate activity in the Victoria area for the month of March 2016.
A total of 1,121 properties sold in the Victoria Real Estate Board region this March, an increase of 52.7 per cent compared to the 734 properties sold in the same month last year.
Inventory levels remain lower than the previous year, with 2,618 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of March, 30.5 per cent fewer than the 3,769 active listings at the end of March 2015.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in March 2015 was $569,700. The benchmark value for the same home in March 2016 has increased by 16.4 per cent to $663,300.
If you are considering buying or selling anywhere on the South Island, call Lorne Tuplin today 250-217-4600!
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As baby boomers continue to retire in ever increasing numbers and people from Vancouver sell their multi-million dollar homes and relocate here, prices will continue to increase. There is no denying the incredibly strong pull to this Island Paradise! Call me toll free at 1-877-478-9600 to have Victoria area listings e-mailed to you daily.
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