The Victoria Real Estate Board has released their sales numbers for February. Discussion has started in the comments of the previous post. Please feel free to continue commenting on this post.
In comparison to February 2007, sales are down, prices are up, and listings are up. In comparison to January 2008, sales are up, prices are down, listings are up. The last time that Greater Victoria has seen two consecutive months of single family home price decreases was between June and August 2006. SFH average price has decreased 6% since it's peak in December 2007.
Average condo price has pretty much been horizontal since November 2006.
Average townhome price is off big-time from it's peak in November 2007.
I'd love to provide some graphs, but unfortunately, about 2 weeks ago I had a horrendous case of spyware on my computer and was forced to format my hard drive. I haven't located my copy of Excel as of yet. Once I do, the graphs will be back!