Real Estate Sales Gain Momentum in March
Real estate sales throughout Greater Victoria gained momentum in March. A total of 602 homes and other properties sold in March through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®) up a significant 49 per cent from the 403 sales in February. There were 707 sales in March of last year. Prices, meantime, remained very stable with modest increases in some sectors. There were 3,859 properties available
for sale at the end of March. That represents a seven per cent increase compared to March of last year and only a minor increase from the 3,844 properties available for sale at the end of February.
Victoria Real Estate Board President, Chris Markham, says the rebound in the market over the last month is welcome news. “Total sales last month were higher than the March figures during each year from 1995 to 2001 – a market which we considered to be balanced.” said
MLS® sales last month included 343 single family homes, 163 condominiums, 64 townhomes and 11 manufactured homes.