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
Real Estate
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
Victoria Real Estate Market Update – November 2021
Once again the Real Estate story remains with tight supply restricting sales. The Sales-to Active Listings ratio for October was a hair under 72% with 745 properties changing hands and just 1036 active listings at month-end. This is roughly 50% of the active listings from the previous year. This remains a great time to sell … » Learn More about Victoria Real Estate Market Update – November 2021