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 | |
| Residences: | 43 | Residences | 11 | |
| -Waterfront: | 20 | -Waterfront: | 2 | |
| -Inland: | 23 | -Inland: | 9 | |
| Bare-Land: | 26 | Bare-Land: | 27 | |
| -Waterfront: | 4 | -Waterfront: | 9 | |
| -Inland: | 22 | -Inland: | 18 | |
| ¼ Shares: | 6 | |||
| Sales: | Sales: | |||
| 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 |