House sales remain slow as summer nears

Prices stable, despite little movement in real estate market

Real estate sales in Greater Victoria continued to slip last month.”Sales so far this year are running over 20 per cent below last year’s levels, but it is important to remember that sales were exceptionally strong during the first few months of 2010,” said Dennis Fimrite, president of the Victoria Real Estate Board, in a statement. “Tighter credit conditions and anticipated higher mortgage rates have and will have some moderating effect on the market and prices are expected to remain relatively flat and stable for the time being.”Even while inventory increased between March and April of this year, sales didn’t match the supply. In Greater Victoria, 4,100 properties were available at the end of March, while 622 properties sold in March and 574 sold in April.Last April saw 756 sales.The average and median prices for single-family houses decreased slightly last month. The six-month average in April was $621,412 – also a drop from March’s number. The average and median prices for condos increased, with the average moving up by $28,277 to $383,858 in April. April’s six-month average for condos was better than March’s, at $331,108. The average, median and six-month average for townhouses increased as well, with the latter at $439,450 for April.

Just Posted

VicPD notify public of sexual assault with weapon in Esquimalt

Officers ask residents to be vigilant while investigation continues

Surprise coming to elderly Esquimalt woman who had $1,100 stolen from purse

Man had bumped into her while she was shopping, next thing she knew, the money was gone

VIATEC’s 2018 “Startup of the Year” heads to Vegas for global spotlight

Victoria-based boat security company Barnacle Systems set for Consumer Electronics Show

Man dies after fall from Johnson Street Bridge

Man climbed railing of the Johnson Street Bridge, lost his balance and fell into the water below

Mommy’s Inside Voice: Santa is real

The holidays are a truly magical time of year

Langford elementary school kids test their hand at entrepreneurship

Students sold their own products at a Young Entrepreneurs Fair Friday

POLL: Are you dreaming of a white Christmas?

The rain Vancouver Island is famous for is coming down in buckets,… Continue reading

Greater Victoria Crime Stoppers wanted list for the week of Dec. 11, 2018

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

Boeser has 2 points as Canucks ground Flyers 5-1

WATCH: Vancouver has little trouble with slumping Philly side

B.C. animation team the ‘heart’ of new ‘Spider-Man: Into the Spider-Verse’

The animators, largely based in Vancouver, ultimately came up with a creative technique that is drawing praise

Light at the end of the tunnel for UN climate talks

Meeting in Katowice was meant to finalize how countries report their emissions of greenhouses gases

Janet Jackson, Def Leppard, Nicks join Rock Hall of Fame

Radiohead, the Cure, Roxy Music and the Zombies will also be ushered in at the 34th induction ceremony

Supreme Court affirms privacy rights for Canadians who share a computer

Section 8 of the Charter of Rights and Freedoms protects Canadians against unreasonable search and seizure

‘Ghost bikes’ installed to remember teen cyclists who died in Port Alberni

Cycle Alberni installs memorials to remember teens, remind all about road safety

Most Read