The activity levels in the Victoria, Pender, and Saturna Markets continue to be brisk. Victoria has seen a real increase in the lower end properties which are condos and townhomes and a slowdown in the higher end properties. Overall there were 18.7% fewer sales for the month of July compared with July of 2016. The Victoria listing volume is also down from last year by 11% but prices continue to rise there by 13% over last year with the Benchmark price for a Single-Family Home at $834,200.
Pender and Saturna have almost the same listing volume as last month with Pender showing a decrease in sales for the month of July – 13 sales recorded compared with 19 sales in July of 2016. From January 1, 2017 – July 31, 2017 Pender has had 68 sales, the same time frame in 2016 had 69 sales. Saturna has had 6 sales from January 1, 2017 – July 31, 2017.
With this amazing weather, we anticipate the continued interest in our islands, which will hopefully take us well into September and even October!
|PENDER ISLAND STATS||SATURNA ISLAND STATS|
|Current Listings:||75||Current Listings:||38|
|July 2017:||13||July 2017:||2|
|July 2016:||19||July 2016:||4|
|January to - July2017:||68||January to - July2017:||6|
|January to - July 2016:||69||January to - July 2016:||7|