Real estate market down in some areas

October real estate figures from the Victoria Real Estate Board

  • Nov. 7, 2012 3:00 p.m.

The federal government’s lending regulations may be impacting real estate sales in the Victoria region, so says the president of the Victoria Real Estate Board Carol Crabb.

Regardless of what may be precipitating a weak sales market, the numbers are down. Total MLS® sales for October 2012 were 373 compared to 483 in October 2011.

In Sooke, 10 single family residential homes sold with an average price of $254,140 down from the six month average of $384,811. Sooke was seventh in sales throughout the region, with Saanich East selling the most units (50) and Metchosin the least with one. Total single family home sales for Sooke was $3,541,400.

No condominiums were sold during October, two townhouses did sell with an average price of $312,400 down slightly from the six month average $314,621.

Manufactured home sales show one sale with an average price of $49,900 up from the six month average of $37,327.

A waterfront property sold in Sooke during October for $125,000 was later discounted.

Total sales of all real estate in October in Sooke was $4,216,100.

Just Posted

Moms of those killed by illicit opioids take to B.C. Legislature in call for action

Moms Stop the Harm, a nationwide network of families who have lost loved ones to overdoses rally

Victoria man wins job he was denied after saying he had depression

Transport Canada has been order to give Chris Hughes a high-level job and nearly $500,000

Saanich mayor pitches former Emily Carr library as housing site

Residents share concerns, support over Regina Park tent city

Gun, drugs and cash seized in arrest of alleged Victoria fentanyl dealer

Brent Connors is facing nine charges in relation to the investigation

Sooke Road bus pullouts now operational, says province

Pullouts are located at the West Shore Parkway, Laidlaw Road and Harbourview Road

VIDEO: Canadian toddler caught practising hockey skills in crib

Eli Graveline is getting praise from far and wide as the internet freaks out of cute throwback video

WEB POLL: Should illegal immigrants be separated from their children?

Should illegal immigrants be separated from their children?… Continue reading

5 fun things to do this weekend in Greater Victoria

Victoria Ska and Reggae Fest, Ride Don’t Hide, Cordova Bay Day and more

B.C. teacher ends Jeopardy! winning streak, taking home US$69,000

Ali Hasan, from New Westminster, has been gaining fans as a “one-man invasion,” says Alex Trebek

Jett Woo highlights 5 Canucks choices on Day 2 of NHL entry draft

WHL star out of Moose Jaw tabbed in Round 2

In a matter of hours, women in Saudi Arabia will be allowed to drive

Change was announced as a royal decree in 2017 by Crown Prince Mohammen bin Salman

Feds announce measures to protect endangered whale species

Canada’s Whale Initiative is part of the federal government’s $1.5 billion Ocean Protection Plan

COC session vote approves Calgary as potential host for 2026 Olympics

Scott Hutcheson, chair of Calgary’s Olympic bid corporation — called vote a positive step forward

Mounties seize 1,500 pot plants in ‘extensive Shawnigan raid

Mounties searched a property in the 4800-block of Goldstream Heights Drive on May 30

Most Read