Is there change in the wind? As expected inflation is on the rise hitting levels not seen in decades. This is hardly surprising given the money printed to keep the economy from falling off a cliff during the pandemic combined with the supply chain issues we are all too familiar with. One of the leaders … » Learn More about Victoria Real Estate Market Update – April 2022
Real Estate
Victoria Real Estate Market Update – March 2022
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 … » Learn More about Victoria Real Estate Market Update – March 2022
Victoria Real Estate Market Update – February 2022
Where are all the listings? Last year January broke the record for lowest inventory for the month of January and this January broke that record nearly in half! A mere 474 properties sold last month which was an 8.2% increase from December 2021 but 26.6% fewer than the 646 properties that sold in January 2021. … » Learn More about Victoria Real Estate Market Update – February 2022
Victoria Real Estate Market Update – January 2022
Happy New Year! Hope you enjoyed the holiday season and are having a great start to the new year. What a year it was for Real Estate in Victoria… We finished 2021 with the average single family home selling for $1,330,847. That is 35% higher than December 2020 when the average home price was $970,597. … » Learn More about Victoria Real Estate Market Update – January 2022
Victoria Real Estate Market Update – December 2021
We are starting to feel a little like a broken record with the Real Estate situation in Victoria BC. In November a mere total of 653 properties were sold. That is 17.9% fewer than the 795 properties sold this same month a year ago and just over 12% less than the previous month of October … » Learn More about Victoria Real Estate Market Update – December 2021
