Sunday, March 29, 2009

March Madness

March is going to be touted by the VREB as another month of a stable and balanced real estate market in Greater Victoria. They will likely continue to compare stats month-to-month, as that spins them in their favour.

Of the stats I'm keeping, it looks like March will have approximately 290 SFH sales, with an average between $535k and $540k. The median will be around $515k. Month-over-month this looks impressive. What about year-over-year? Last March, there were 374 sales, with an average of $597k and a median of around $530k. Now this March doesn't look so impressive.

Sorry, I don't have any info regarding townhomes and condos.