cheaprealty net

Here you can see the general trend in house prices in the Victoria area over the years. It is interesting to note that prices have gone down previously, usually during times of decreasing unit sales.

The increase in prices in the last 5 years is quite stratospheric, compared to the general trend of the chart. As the local median family income in the area is only around $64,000, the current average housing price is now over 8 X earnings - not as high as in some other bubblicious locales, but higher than ever locally.