Homes sales falter in March

Home sales in Sooke were the slowest in over a year

March was the worst month for house sales in recent memory, says realtor Shane Fedosenko. And, according to him a lot of it had to do with the construction along Sooke Road.

“Basically, 99.9 per cent of the reason was the construction on Sooke Road it deterred a lot of people,” said Fedosenko.

He went on to say that only 13 homes sold out of the total of 220 listings in Sooke.

He said Sooke sales are down 33 per cent. Last year sales for March totaled 19, this year 13.

“This is the worst month we’ve ever had.”

The monthly sales summary from the Victoria real Estate Board show 18 sales of single family homes in Sooke with an average price of $392,215, the lowest prices in the Greater Victoria area.The highest price was in Oak Bay with an average price of $956,747. Sooke showed six townhouse sales with an average price of $275, 333. One manufactured home sold in Sooke with a price tag of $72,500. The average price of a lot in Sooke was $146,633 with six sales.

The road work on Sooke Road was expected to be mostly complete by April 13.