John Boyle and Linda Geddes Boyle
 
home properties marketing about us buyers and sellers resources and links contact contact
 

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

 

  March 2013 MLS Statistics


Market Activity Follows Traditional Real Estate Cycle in Greater Victoria

April 2, 2013

VICTORIA BC - Greater Victoria's real estate market is following tradition with a spring upswing in activities with month-over-month increases in showings, new listings and total sales.

The Victoria Real Estate Board reports a total of 483 sales processed through the Multiple Listing Service (MLS®) in March 2013, an increase of 23% over the previous month. Sales figures are 15% lower than March 2012's 570 sales.

"The market continues to unfold as predicted," says Shelley Mann, President of the Board. "March resulted in the highest number of sales since July 2012 when the lending rules changed. With sales below the historical norm, there is potential pent-up consumer demand developing in the market. We expect quarterly activity to increase over the next two quarters.

"The real estate market peaked in 2008, and then the market adjusted during the global economic crisis. The first six months of 2012 were reasonably strong, and then mortgage amortization rules changed in July. The revised lending rules affected buyers' abilities to qualify for mortgages and we are still feeling those effects on the market," Mann explains.

"With different lending rules in effect, it is challenging to compare the first six months of 2013 with 2012," she adds.

The median price of a single-family home is $510,777 compared to $555,000 in March 2012, a decrease of 8%. The six-month average shows a decrease of less than one percent month-over-month. Annual differences are skewed by four single-family home sales over $2 million in March 2012.

There were 121 condominium sales in March, with a median price of $265,000 - down 3.3% year-over-year and 2% over last month. Townhouses saw increased sales in the past month with a median price of $384,450, an increase of 2.86% year-over-year and 13.91% since February 2013. Current active listings at the end of March were 4,333.

Total Waterfront Single Family Dwellings sold: 13, down 1 over March 2012
Total Non-waterfront Single Family Dwellings sold: 264, down 47 sales from March 2012
Single Family Dwellings sold over $1 million: 15 (1 over $2 million)

 

Graphical representation of recent sale counts and average prices

Stats Quick Reference

Tablular representation of sales statistics from the last two months and from last year

  Total Single Family All Areas includes Shawnigan Lake/Malahat, Gulf Islands and Up Island



Archive

•  December 2018 (1)
•  November 2018 (1)
•  October 2018 (3)
•  July 2018 (1)
•  March 2018 (3)
•  February 2018 (8)
•  January 2018 (2)
•  December 2017 (4)
•  November 2017 (1)
•  October 2017 (2)
•  September 2017 (2)
•  August 2017 (4)
•  July 2017 (1)
•  June 2017 (2)
•  May 2017 (5)
•  April 2017 (4)
•  March 2017 (1)
•  December 2016 (1)
•  November 2016 (6)
•  October 2016 (2)
•  September 2016 (2)
•  August 2016 (6)
•  July 2016 (1)
•  May 2016 (5)
•  April 2016 (3)
•  March 2016 (1)
•  February 2016 (1)
•  January 2016 (1)
•  December 2015 (2)
•  November 2015 (1)
•  October 2015 (1)
•  August 2015 (4)
•  July 2015 (1)
•  June 2015 (3)
•  May 2015 (1)
•  April 2015 (2)
•  March 2015 (1)
•  February 2015 (1)
•  January 2015 (1)
•  December 2014 (3)
•  November 2014 (2)
•  October 2014 (1)
•  September 2014 (3)
•  August 2014 (1)
•  July 2014 (2)
•  June 2014 (1)
•  May 2014 (8)
•  April 2014 (2)
•  March 2014 (2)
•  February 2014 (1)
•  January 2014 (2)
•  December 2013 (2)
•  November 2013 (1)
•  October 2013 (1)
•  September 2013 (1)
•  August 2013 (4)
•  July 2013 (3)
•  June 2013 (1)
•  May 2013 (2)
•  April 2013 (4)
•  March 2013 (4)
•  February 2013 (7)
•  January 2013 (2)
•  December 2012 (7)
•  November 2012 (1)
•  October 2012 (2)
•  September 2012 (5)
•  August 2012 (1)
•  July 2012 (2)
•  June 2012 (3)
•  May 2012 (3)
•  April 2012 (3)
•  March 2012 (2)
•  February 2012 (3)
•  January 2012 (4)
•  December 2011 (2)
•  November 2011 (1)
•  October 2011 (2)
•  September 2011 (2)
•  August 2011 (19)
•  July 2011 (2)
•  May 2011 (1)
•  April 2011 (1)
•  March 2011 (1)
•  February 2011 (2)
•  January 2011 (1)
•  October 2010 (1)

Categories

•  New Listings (56)
•  Recently Sold (78)
•  Multiple Offers (1)
•  January MLS Statistics (2)
•  Luxury Real Estate in Victoria (1)
•  February MLS Statistics (3)
•  June MLS Statistics (4)
•  June Statistics (1)
•  Luxury Condo (1)
•  July 2011 MLS Statistics (1)
•  August MLS Statistics (5)
•  September MLS statistics (4)
•  November MLS Statistics (3)
•  New MLS Statistics (1)
•  December 2011 MLS statistics (1)
•  British Columbia Luxury Sales (1)
•  February 2012 MLS statistics (1)
•  BC 2012/2013 Provincial Budget (1)
•  April Market Update (1)
•  March MLS Statistics (1)
•  April MLS Statistics (2)
•  Is it the right time to buy? (1)
•  May MLS Statistics (2)
•  July MLS statistics (2)
•  Market Update (1)
•  October MLS Statistics (3)
•  Year End MLS Report (1)
•  January 2013 MLS Statistics (1)
•  BC Luxury Home Market (1)
•  March 2013 MLS Statistics (1)
•  April 2013 MLS Statistics (1)
•  New Macdonald Realty Magazine (1)
•  November, 2013 MLS Statistics (1)
•  December 2013 MLS Statistics (1)
•  January 2014 MLS Statistics (1)
•  March 2014 MLS Statistics (1)
•  October 2014 MLS Statistics (1)
•  November 2014 MLS Statistics (1)
•  December 2014 MLS Statistics (1)
•  January 2015, Statistics (1)
•  February 2015 MLS Statistics (1)
•  March MLS Statistics 2015 (1)
•  May 2015, MLS Statistics (1)
•  October 2015, MLS Statistics (1)
•  November 2015 MLS Statistics (1)
•  December 2015, MLS Statistics (1)
•  January 2016 MLS Statistics (1)
•  February 2016 MLS Statistics (1)
•  April 2016 MLS Statistics (1)
•  April 2016, MLS Statistics (1)
•  June 2016, MLS Statistics (1)
•  August 2016 MLS Statistics (1)
•  September 2016 MLS Statistics (1)
•  October 2016, MLS Statistics (1)
•  November 2016, MLS Statistics (1)
•  February 2017, MLS Statistics (1)
•  March, 2017 MLS Statistics (1)
•  June 1, 2016 MLS Statistics (1)
•  July4 - MLS Statistics (1)
•  June 2017 MLS Statistics (1)
•  August 2017 MLS Statistics (1)
•  September 2017 MLS Statistics (1)
•  October 2017 MLS Statistics (1)
•  November, 2017 MLS Statistics (1)
•  MLS Statistics End Of 2017 (1)
•  January 2018, MLS Statistics (1)
•  February 2018 MLS Statistics (1)
•  June 2018, MLS Statistics (1)
•  September 2018, MLS Statistics (1)
•  October 2018, MLS Statistics (1)
•  November 2018, MLS Statistics (1)