More potential buyers are viewing a greater selection of homes in Greater Victoria, but the traditional spring pickup in sales has yet to arrive.
As people buy and move, more properties are added to the available inventory, which supports a much healthier market, she said. Home prices in the capital region continue to rise. Last month, the benchmark price for a condominium in Victoria’s core municipalities — Oak Bay, Saanich, Victoria, Esquimalt and View Royal — was $567,300, up from $549,000 in March of last year, and from $557,000 in February 2023.
Although overall sales numbers were up by 25 per cent from February, they fell by 0.3 per cent from the 590 sales in March 2023.
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