Canada's Housing Bubble

Aug 03, 2010 vreb.org

Property sales throughout the Greater Victoria area in July have dropped 43.5% from July 2009. A total of 527 homes and other properties sold in July through the Victoria Real Estate Board’s Multiple Listing Service, down from the 625 sales in June. There were 933 sales in July of last year.

The average price for single-family homes sold in Greater Victoria last month was $615,004 down from $649,280 in June. The median price showed little change at $560,000. The six-month average declined slightly to $632,283. There were 16 sales of over $1 million including one on the Gulf Islands. The overall average price for condominiums was $322,905 last month, down from $331,131 in June. The average for the last six months was $326,592. The median price for condominiums in July declined slightly to $289,900. The average price of all townhomes sold last month was $420,578 down from $429,549 in June. The median price declined to $388,000. The six month average was $444,228...

Average Selling Price Graphs

Active Listings, New Listings and Sales Graphs