Vancouver Island Real Estate MLS Statistics for April

Posted: May 05, 2010

Victoria Real Estate Board’s Multiple Listing Service (MLS)  reports a total of 756 homes and other properties sold in April of this year (up from 747 sales in April of last year); but slightly down from the 789 sales in the previous month. Last month’s average price for single-family homes sold in Greater Victoria was $624,149 down from $633,938 in March. There were 21 sales of over $1 million in the Greater Victoria Region. The overall average price for condominiums last month was $340,105, up from $336,779 in March.  Last month’s average price of all townhomes sold $449,556, down from $456,446 in March. MLS® sales last month in Victoria included 423 single family homes, 191 condominiums, 87 townhomes and six manufactured homes.

Vancouver Island Real Estate Board (VIREB) reports a strong sales trend for the rest of Vancouver Island, outside of the greater Victoria area. Single family unit sales last month were up 8% from April 2009 but down just 2% from the previous month for all of Vancouver Island, excluding the greater Victoria area. The average sale price meanwhile is 6% above April 2009 according to Multiple Listing Service® (MLS®) sales summary data released by the Vancouver Island Real Estate Board (VIREB) for April 2010. There were 410 single family unit sales across the VIREB region in April 2010.

The average sale price across the VIREB region for April 2010 was $348,542 up 6% from the $327,916 posted in April 2009, but very close to the March 2010 average price of $346,626.

For the period comparing data from the end of April 2009 to the end of April 2010, average sale prices in VIREB's six zones saw: Campbell River increase 12% (to $295,831), the Comox Valley decreased 2% (to $347,448), the Cowichan Valley was up 6% (to $355,036), Nanaimo also increased 4% (to $367,805), Parksville/Qualicum was up 9% (to $401,036), and Port Alberni jumped 13% (to $214,375). There were 24% more single family residential properties put on the market in April 2010 compared to April 2009, but overall there are 1% fewer homes for sale now than a year ago.

To find out more on Vancouver Island see Vancouver Island

Please note that this blog entry was published more than three months ago. Some details may be outdated.


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