December 2019 ends a relatively flat year for home sales with 402 properties sold, 7.2% up from sale volume in December 2018 and down 30.3% down from the previous month. Compared to December last year, single family homes sales volume rose 13.8% with 198 units being sold; condos rose slightly more with 17.5% and 121 units sold.
This year’s total properties sold came in a little bit under the 10 year average at 7,255 properties sold (the 10 year average being 7,413 sales per year). 2019 total sales were up 1.47% up from 7,413 properties sold in 2018.
There were 1,952 active listings available at the end of December in the Victoria Real Estate Board area, down 1.8% from the end of 2018 and down 18.6% from November 2019.
Supply remains a key…