Apr 24, 2013
Victoria homes sale March up: Swearingen
VICTORIA - For March 2013, inventory or lack thereof is the story, according to Lee Swearingen of Coldwell Banker The Ron Brown Company. This is especially the case of properties...
VICTORIA – For March 2013, inventory or lack thereof is the story, according to Lee Swearingen of Coldwell Banker The Ron Brown Company.
This is especially the case of properties below $200,000. Victoria is seeing a modest increase in permits, but not enough to meet demand. The job market continues to expand and bring new buyers to the market. Unfortunately, many are qualified for the price point where availability is lowest.
The average sales price for residential homes was $171,697 for the 12 months ending March 2013, up 18.7 percent versus the same period ending March 2012 when it was $144,591.
| All Categories* | 12 Months Ending Mar. 2012 | 12 Months Ending Mar. 2013 | Change |
| Residential property sales | 856 | 854 | -0.2% |
| Total dollar volume | $123,770,040 | $146,629,459 | 18.5% |
| Average sales price | $144,591 | $171,697 | 18.7% |
| Median sales price | $130,000 | $150,000 | 15.4% |
| Total active listings end of month | 239 | 230 | -3.8% |
| Months inventory | 4.0 | 4.0 | 0.0% |
*Figures refer to the residential homes market.
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