New Sales: 946
New listings: 1436
Total active listings at June 30th: 3794
Sales to new listings ratio: 66%
Sales to active listings ratio: 25% or 4 months of inventory.
H/T to Tim Ayres on Twitter for the numbers.
Last month's numbers:
New sales: 879
New listings: 1362
Total active listings: 3789
Sales up, new listings up, total listings up. Clearly Victoria is in an overall SELLER'S market being driven by the low-end and move-up buyers.
The average price for single family homes sold in Greater Victoria last month was $588,186, up from $573,442 in May. The median price also rose to $529,900. The six-month average was $559,827. The overall average price for condominiums was $298,200 month, down slightly from $306,971 in May. The average for the last six months was $294,725. The median price for condominiums in June was $275,000. The average price of all townhomes sold last month was $413,218, up from $400,788 in May. The median price remained unchanged at $375,000. The six month average was $401,829.Prices aren't going up, 26 properties over $1 Million drove the average higher. Consumers keep preferring SFH's over condos and townhouses:
MLS® sales last month included 539 single family homes, 242 condominiums, 104 townhomes and 18 manufactured homes.