Dockside Realty News
There has been an increase in inventory on the Gulf Islands and the Victoria area. Victoria saw a 12.2% increase from April 2017, but there is still a 21.2% decline from May 2016. Victoria Sales are also down by 22% from May 2016; however this has not stopped the prices from rising there – up 1
The Victoria Real Estate Board reports that sales in January 2017 were 11.3% below those in January 2016, due to low inventory which is 38.6% lower than it was in January last year. The Single Family Home Benchmark Price in the Victoria Core is $767,000 - 24.4% higher than in January 2016.