Over the last 30 days, more houses in Greater Victoria have sold than in any other 30 day period since I started tracking this particular statistic back in 2010! It has been feeling very busy, but I wouldn't have guessed that the market was in such rare air! These rapid sales are due to the lower list prices that we are currently seeing.  The message to sellers, again, is to price your home realistically for the current market.  Do that and you will find a buyer.  For buyers, the message is similar.  If you find a house that you really like, and the price is reasonable, you will want to snap it up before someone else does!

The condo market continues, unfortunately, to be quite a different story.  Although the sales volume and prices continue to trend upwards this spring, we are well behind last year on both stats.  It's tough for condo sellers and, if they want to sell, most of them need to consider reducing their prices if they haven't already.  The buyers are definitely out there, but they are looking for greater value.

Here are the raw stats from the last 30 days: 

Over the last 30 days, 365 single family houses were sold, up by 18 houses from last week.  The median price is up $1,900 to $529,900. The average house was on the market for 36 days.

In the last 30 days, 144 condos were sold, up by 7 condos from last week.  The median price is up $2,000 to $282,000. The average condo was on the market for 55 days.

There are now 2,244 houses for sale, up by 7 from last week.  Condo inventory has risen by 5 to 1040 suites.

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