No signs of slowing.
February was yet more selling frenzy in a market that shows no signs of cooling off for Victoria Real Estate. Neither the interest rate hike nor the announcement of a potential cooling off period for buyers has done anything to slow things down. February offered up an unheard of 85% sales to active listings ratio with 718 listings selling, and 849 active listings at the end of February. Aggressive buyers, and multiple offers continue to be a tale of the tape.
Some savvy buyers have turned to pre-sales to get into the market without the feeding frenzy, and we here at CCG have teamed up with an amazing mortgage specialist who can offer 12-18 month pre approvals AND rate holds for new construction/pre-construction purchases. Finally some good news for buyers!!! If you want more details and a detailed list of new construction buildings currently available and coming up give me a shout today.
- Real Estate Market Update – April 2024A total of 588 properties sold in the Victoria Real Estate Board region this March, 0.3 … » Learn More about Real Estate Market Update – April 2024
- Real Estate Market Update – Sept 2023Victoria real estate market needs better mix of housing supply to help restore balance A total … » Learn More about Real Estate Market Update – Sept 2023
- Real Estate Market Update June 2023Summer is here! “The month of May marks the highest number of sales we’ve seen since … » Learn More about Real Estate Market Update June 2023