Real Estate Information and Market Trends| Real Estate Victoria BC

Victoria Real Estate is continuing it’s steady climb. We predicted last year that 2007 would be a very strong year in Real Estate with an average selling price of a single family dwelling (in Victoria) close to $600,000. We are not there quite yet, but time will tell.  A recent release from BCREA (British Columbia Real Estate Association) confirms our predictions. The article reads;

British Columbia Real Estate Association (BCREA) reports that residential sales volume on the Multiple Listing Service® (MLS®) in BC rose 20.4 per cent to $4.98 billion in June, compared to the same month last year. Residential unit sales increased 8 per cent to 11,175 units during the same period. The average MLS® residential price hit $445,747, up 11.5 per cent from June 2006.  “Our expectation was for a continued moderation of home sales in the second quarter,� said

Year to date, MLS® residential sales volume climbed 12.5 per cent to $23.6 billion, compared to the first half of 2006. MLS® home sales edged up 0.5 per cent to 54,734 units, while the average MLS® residential price climbed 12 per cent to $431,873.  End of Article.

If you like to read all the fine print you can just contac us or go to BCREA.

Cheers, Anders

Properties In Victoria Professionals- Royal LePage Coast Capital.