Local real estate markets remain soft

Home sales are similar to last year

  • Aug. 10, 2011 6:00 p.m.

While real estate sales and prices softened in July, it is not unlike last year.

Overall prices have declined in all property sectors making it a buyers’ market with a lot of inventory to choose from.

The biggest spread in prices is in Victoria where the average single family home price fell to $581,117 from $629,292 in June. All condominium and townhouse price fell as well.

“In the coming months, we anticipate that market activity will remain relatively stable and similar to what we saw during the summer and early fall months of last years,” said Dennis Fimrite, Victoria real Estate Board president.

In Sooke, residential single family homes sales for July amounted to 18 sales with an average price of $396,144. By comparison, single family homes in Langford had an average price of $493,852 and in Colwood they sold 13 for an average price of $490,231. The highest prices were in Oak Bay where a single family home had an average price of $862,345.

Townhouses in Sooke has an average six-month price of $317,726 with one sale for $300,000.

Manufactured home sales in Sooke amounted to one which sold for $45,000 on a six month average of $64,773.

Just Posted

Victoria police retrieved a number of stolen items May 15 after arresting a man and woman squatting in an empty building. (Courtesy of VicPD)
Victoria police look to return stolen items following arrest of squatters

Golf clubs, power tools, jackets, cell phones and a MacBook Pro were retrieved

Before you take on a pet, make sure you want to have it for life. (Sarah Simpson/Citizen)
EDITORIAL: A pet is a lifetime commitment

Tons of people are getting pets during the pandemic, some for the first time

Protesters seen here rallying against the injunction order on April 1. (Black Press Media file photo)
RCMP enforce injunction at Fairy Creek blockade

Protesters can remain but police will ensure open access for loggers

The Victoria International Airport saw its revenues plummet in 2020. Officials hope a proposed warehouse will be a significant revenue generator. (Black Press Media file photo)
Head of Victoria Airport Authority makes economic pitch for Sidney warehouse project

Geoff Dickson said Sidney stands to earn $325,000 in annual taxes

Discarded construction materials make up nearly 40 per cent of all materials sent to the landfill from sources in the city of Victoria. (Zero Waste Victoria)
Victoria looks to curb construction waste

Victoria wants to see buildings deconstructed instead of demolished

An avalanche near Highway 1 in Glacier National Park. Avalanche Canada will benefit from a $10 million grant from the B.C. government. (Photo by Parks Canada)
Avalanche Canada receives $10 million grant from B.C. government

Long sought-after funds to bolster organization’s important work

An avalanche near Highway 1 in Glacier National Park. Avalanche Canada will benefit from a $10 million grant from the B.C. government. (Photo by Parks Canada)
Avalanche Canada receives $10 million grant from B.C. government

Long sought-after funds to bolster organization’s important work

(PQB News file photo)
RCMP on the hunt for serial Rathtrevor Beach flasher

Two separate incidents noted at provincial park on April 30 and May 14

Daily confirmed COVID-19 cases reported to B.C. public health, seven-day rolling average in white, to May 12, 2021. (B.C. Centre for Disease Control)
B.C. preparing ‘Restart 2.0’ from COVID-19 as June approaches

Daily infections fall below 500 Friday, down to 387 in hospital

(Kamloops This Week)
Puppy’s home in question as BC Supreme Court considers canine clash

Justice Joel Groves granted an injunction prohibiting the sale or transfer of the dog

Kayak the humpback whale was found dead on a Haida Gwaii beach on Saturday, May 15, 2021. (Marine Education and Research Society)
Kayak the humpback whale found dead on Haida Gwaii beach

Whale was estimated to be only 18 years old

Then-finance minister Kevin Falcon presents his last B.C. budget, Feb. 21, 2012. The province was emerging from the 2009-10 recession and repaying federal incentive to cancel the harmonized sales tax. (Tom Fletcher/Black Press)
Political veteran Kevin Falcon set for second run at B.C. Liberal leadership

Vancouver MLA Michael Lee announces on the same day

The bow-legged bear was seen roaming 2nd Avenue on Friday, May 7 and again in Brown Drive Park on May 13. (Submitted photo)
Bow-legged Ladysmith bear euthanized after vet examination

CO Stuart Bates said the bear had obvious health issues

Conservation Service Officer Kyle Bueckert holds a gold eagle that was revived from acute rodent poisoning Monday, May 12. Photo: Submitted
‘Obviously, he’s a fighter’: Golden eagle, recovered from poisoning, back in Kootenay wild

CSO Kyle Bueckert released the eagle into the wild Thursday, May 13

Most Read