Rinse and Repeat.
September 2021 looked very much like August 2021 with sales year-over-year and month-over-month down but due to continuing low inventory levels and not due to a slow down in demand.
The sales to active listings ratio remains quite high with almost 68% of the available real estate selling during the month, well above the 20% threshold to show a sellers market.
This is a traditionally busy time of the year as people are generally settled back into their routines and now starting to think about where they want to spend the December holiday season.
With a strong demand, and a tediously slow pace of municipal redevelopment approvals throughout most of the jurisdictions it is unlikely we are going to see much change in the foreseeable future.
This remains an excellent time to sell and a challenging, and somewhat frustrating time to purchase. At Capital City Group we are developing an exciting new program to GUARANTEE home owners who want to sell but are afraid of ending up living in a van down by the river because they can’t buy, from being left homeless or forced to sell. Stay tuned or give me a call and we can discuss this innovative new program tailored for this crazy times, which is available exclusively from Capital City Group.
242 Beach Dr Oak Bay, British Columbia
5 Beds 4 Baths 5,261 SqFt 0.220 Acres
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