Archives for April 2013

Stable Housing Market for Vancouver Island

VIREB MLS Sales Stats for March 2013 Multiple Listing Service® (MLS®) sales summary data for March released by the Vancouver Island Real Estate Board (VIREB) shows housing sales activity across Vancouver Island was down six percent compared to last year, while average sale prices remained virtually unchanged. The average price of a single family home sold within the VIREB region in March was $319,912 which is nearly identical to the March 2012 average price of $319,661. The number of housing units reported sold last month were down compared to a year ago. In March 2012 there were 298 single family homes sold, in comparison 281 unit sales were recorded in March 2013. “We've experienced increased levels of month over month activity through the first quarter of 2013 which should translate into increased unit sales as we move into the Spring,” explained VIREB President Gary Gray “With stable pricing, reasonably strong inventory levels and historically low mortgage rates, buyers are … [Read more...]