December MLS Statistics

Here are the highlights of the current MLS statistics: 

  • Inventory levels were 40.7% less than December 2015
  • 2016 was a record-breaking year for real estate sales in Victoria
  • Benchmark value for a single family home in the Victoria Core is $758,500 (up 23.6% from December 2015)
  • Demand remains, as indicated by the 25% of homes that sold over asking price in 2016; however, lack of inventory will mean that we won't be seeing quite the same level of activity in the 2017 market

Read the Victoria Real Estate Board's article here