Price of Single Detached Home in Greater Victoria for September 2017

In September the average price (or the mean) of a single detached home in Greater Victoria was $884,196. The median price was $795,000. Do you know the difference between mean and mode?

Here's a quick definition: We find the average by adding up all the homes sold and dividing by the number sold. We find the median by listing out all the homes sold and picking the price in the exact middle of all the listed numbers.

As you can see from this graph, either median OR mode can be higher.