Victoria’s real estate market is showing no signs of cooling off with three consecutive record-breaking months.
A total of 1,289 properties sold in May, compared to the 905 properties sold in the same month last year – an increase of 42.4 per cent.
Inventory levels remain lower than the previous year, with 2,406 active listings for sale – 40.5 per cent fewer than last year, according to the Victoria Real Estate Board.
The MLS home price index benchmark for a single family home in the Victoria core in May was $706,500.
The value for the same home in May 2015 was $593,200. That’s an increase of almost 20 per cent.
Point2 Homes has shared a list of the top ten priciest properties currently on the market. Take a look: