Victoria
Victoria is the capital of the province of Canada of British Columbia. It is situated on the south tip of Vancouver Island. This capital city is the southernmost major city of western Canada. This city with an amazing growing climate is recognized internationally as the City of Gardens.
Average Housing Prices for townhomes, condos, and detached houses:
Victoria offers many houses with different construction styles at a reasonable price. All of these construction styles are available with different numbers of beds ranging from 2-bed apartments to 6-bed houses.
The average price of detached houses is $1.7M. In this price range, 3 bed detached houses are of $1.3M, the 4 bed detached houses are of price $1.8M, 5 bed detached houses are of $1.7M while that of 6-bed houses have an average price of $2.0M. Townhouses are available with a more reasonable average price range. The average housing price of townhouses is $1.1M. The most easily available and reasonable houses in Victoria are condominiums. They have an average price of $681K.
How Many days on average is the property for sale?
The average sold price in Victoria is $ 1.0M with almost 19.2 percent monthly change and 15.5 % quarterly change and about 12.7 percent yearly change. There are 28 average homes sold out in the last 56 days. Victoria has 14 days on average on the market for sale. There is a 104 percent selling to the listing price ratio.
How Fast the Real Estate Market is growing?
The growth of the real estate market of Victoria can be predicted from their housing prices. Recently, the real estate market recorded an average price of $ 1.7M. This price was $ 1.6M about three months ago and $ 1.4 M about 6 months ago. Similarly, the recent average housing price of townhouses is $1.1M. This price was $ $1.2M about 6 months ago. At last, if we talk about housing prices of Condominiums then this price construction style has an average price of $ 681K. This price was $ 533K about 3 months ago and was about $594 about 6 months ago.
From the above data of housing prices of different construction styles in Victoria City, it can be concluded that the housing price of every construction style has increased. We also came to know that although the average price of condominiums has increased, still these houses are more affordable. Now we have got an idea of how fast the real estate market of Victoria is growing.
How Many Active Pre Construction Development in Victoria:
The city has 83 new listings. There are almost 40 new housing developments in the city, a mix of low-rise and high-rise that are under construction, recently completed, or are planned. Out of these 28 are condominium developments with almost 1493 units that are currently under construction. There are 3 single families and 9 are townhouse developments in Victoria city. The median housing price per square foot for the low-rise house is $510.
