Days on Market (DOM)
The number of days a Victoria BC property was listed before selling. Lower DOM typically indicates strong demand or competitive pricing; higher DOM may suggest overpricing or market challenges.
Victoria Real Estate Market Update-December 2025
December 2025 December is here, and the holiday season is rapidly approaching. I wish you and your family all the best over the holidays, and a prosperous New Year! The Victoria Real Estate market has remained stable over the last few months. Sales numbers dropped in November but that is typical as we near the […]
Comparative Market Analysis (CMA)
CMAs help determine competitive listing prices and realistic expectations. What is a CMA? A Comparative Market Analysis (CMA) is a comprehensive evaluation tool used in real estate to estimate a property’s market value by comparing it to similar properties that have recently sold, are currently for sale, or were listed but didn’t sell in the […]
Victoria Real Estate Market Update-September 2024
September 2024 Victoria’s Summer real estate market is coming to an end and the Fall market transition has begun. Activity has picked over the last few weeks, which it typically does after the kids have returned to school and summer holidays have ended. The recent Bank of Canada interest rate drop should also bring […]
Victoria Real Estate Market Update-September 2023
September 2023 The Victoria real estate market has remained steady this summer. Inventory of homes on the market is still well below historic averages for this time of the year. Increased interest rates have slowed certain sectors of the market, but overall, prices have remained firm due to the lack of supply combined with […]
Victoria Real Estate Market Update- October 2022
OCTOBER 2022 The Victoria Real Estate market has slowed this Summer but I do not foresee any catastrophic collapse. Sales have slowed significantly over the last few months and Buyers and Sellers are now taking days to put deals together as apposed to hours in the Spring. Currently there is no urgency to act […]
Victoria Real Estate Market Update-August 2022
AUGUST 2022 Hope your summer is going well. The weather has been great and summer holidays are in full swing. Not much to report this month other than the continued slow down in sales and softening of prices predominantly created from the large interest rate increases over the last 2 months. With predictions […]
Victoria Real Estate Market Update-December 2021
December 2021: As we approach the holiday season I wanted to Thank you all for an amazing 2021 and wish you and your families health and happiness through the holidays and into the New Year. I hope that 2022 brings better news for the pandemic, and we can start to get back to some […]
Victoria Real Estate Market Update-November 2021
November 2021: The Greater Victoria real estate market is experiencing unprecedented times due mainly to the lack of listing inventory which is putting a significant strain on the housing market. With so few homes available, sales have decreased while prices are still heading in an upward direction, creating a frustrating environment for buyers […]
Victoria Real Estate Market Update-August 2021
August 2021: Hope you are enjoying your summer. The weather has been great. We do need some rain though to help with the burning fires in our province. July was an active month in the Victoria real estate market, but sales started to slow about mid way through July. Prices were still up […]