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 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
- Victoria Real Estate Market Update – June 2022The shift towards a balanced market continues. In May we saw the effect of the Fed’s … » Learn More about Victoria Real Estate Market Update – June 2022
- Victoria Real Estate Market Update – May 2022Is change in the air. Rising inflation, rising interest rates and rising uncertainty seem is simmering … » Learn More about Victoria Real Estate Market Update – May 2022