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.
242 Beach Dr Oak Bay, British Columbia
5 Beds 4 Baths 5,261 SqFt 0.220 Acres
2383 Lyn Cres Oak Bay, British Columbia
2 Beds 2 Baths 1,555 SqFt 0.160 Acres
1241 Monterey Ave Oak Bay, British Columbia
4 Beds 3 Baths 2,940 SqFt 0.150 Acres
2850 Beach Dr Oak Bay, British Columbia
2 Beds 4 Baths 3,320 SqFt 0.620 Acres
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- Victoria Real Estate Market Update – SeptemberVictoria Real Estate Market Update | Average Home $1.27M. The benchmark price for a home in Greater Victoria area was down 2.9% to $1,391,700 from July’s value of $1,433,400.
- Real Estate Victoria | Market Update – July 2022Not surprisingly the slowdown in the real estate market in Victoria continued with the Sales-to-Active Listings … » Learn More about Real Estate Victoria | Market Update – July 2022