Business

Greater Victorial real estate sales pick up towards spring

Home sales in Greater Victoria are following their annual trend with a slight improvement over last year as the busy spring and summer sales season approaches.

February sales were up 4.6 per cent from one year ago with 412 sales, while the benchmark price for a Capital Region home dropped about $7,000 from Feb. 2013 to $483,400.

The sale of David Foster's $5-million condo at Shoal Point in Victoria was the most lucrative sale of the month, which while eight waterfront dwellings traded hands.

The benchmark home price was $534,000 in Victoria, $396,900 in Vic West and $412,900 in Esquimalt for February.

 

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