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Well, some interesting tid-bits from the March VREB numbers. For one thing, if you subtract 12 million dollar waterfront listings from the monthly sales totals, what would the average price in Victoria be for a single family home? Around $566,000. An astronomical sum, to be sure, if not playing with paper equity and two mortgage helpers as "money" -- but less than the official average of $597,176, which represented a modest rebound from the February average of $587,295, and stemmed a 3 month decline in the average price of single family homes.

The single family home median was much lower than the average, and lower than the previous month's median - clocking in at $529,625, compared to $543,500 the month before. This is essentially unchanged from January 2008, when it was $530,200, and December 2007, when it was $536,000.