July 2017 MLS Statistics

Here are the highlights of the current MLS statistics:

• Homes priced at the lower end of the market (Less than $700,000) were in high demand, many of which saw multiple offers
• 790 properties sold this July, compared to 972 in July last year
• The ten year average for July sales is just over 700 properties, which speaks to the ongoing demand for homes in Victoria
• Low supply continues to put pressure on pricing and availability
• Benchmark value for single family homes in the Victoria core is $834,200 (up 13.1% from July 2016)

Goldstream Provincial Park