Victoria Real Estate Market Forecast 2014
2014 Real Estate Outlook Most Victoria real estate experts are predicting a similar year to what we just experienced in 2013, which ended with a 4% increase in sales, about a 10% drop in listing inventory, and about a 3% drop in overall average prices. The result was a pretty stable market which slightly favored […]
Victoria Real Estate Market Update – Fall 2013
The Victoria real estate market experienced a decent summer for sales in 2013, charting the highest number of combined sales in 4 years. The fall has started out a tad slower. I think that the busy summer was a result of the mortgage rate increases for 5 year terms earlier in the year, and as a result of a […]
Victoria Real Estate Market Update – Summer 2013
The Victoria real estate market has picked up slightly in the 2nd quarter, but it is still going to remain more of a buyers market for the balance of the year. Sales are following a similar path to 2012, but listing inventory is down about 8% from a year ago. If this trend continues, we should […]
Victoria Real Estate Market Update – Spring 2013
The Victoria real estate market is definitely in for another soft year, as the first quarter experienced a continued slow down in sales, and some similar price drops. The listing inventory is still high, and the number of sales are still about 30% off the busy market cycle peaks from 2002-2008. This supply demand ratio will […]
Victoria Real Estate Market Forecast 2013
The Victoria real estate market is probably in for another soft year in 2013. The listing inventory is still high, and the number of sales are still about 30% off the busy market cycle peaks from 2002-2008. This supply demand ratio will ultimately lead to a continued softening in prices for most sectors of the market. […]
Real Estate Stalemate?
I am always asked the question – where do I see the Victoria real estate market going in the next few months or the next few years. Based on my experience, there is no definitive answer to that question. I have been selling real estate since 1991, and I have been through the last slow […]
Summer 2012 Newsletter
We now find ourselves with the first half of the year officially behind us…..we hope the year has been good to you so far! It has definitely been great for home buyers in the Greater Victoria area where we have nearly 5200 homes for sale!!! This market has been much harder on sellers, with only about 1 in […]
2012 Spring Newsletter and Latest Market Statistics
The market is still fairly slow in Victoria, but we have seen an increased amount of activity on listings over the last week. I think that we will see some increased sales activity over the next few months. I have just released my latest quarterly newsletter. Click on the following link for details: https://www.dalesheppard.com/newsletter/Newsletter_Winter_2012.pdf Also, […]
HST Rebate Threshold increased to $850,000 – Good News for the Consumer!
Has the BC government finally realized that the HST has not helped the housing market in this current economic downturn? It appears so, and it is now trying to breathe some new life into the market by finally doing the right thing. Not only did they commit to a date of HST elimination, April 2013, […]
2012 Winter Newsletter and Historical Price Statistics!
I have just released my latest quarterly newsletter. Click on the following link for details: https://www.dalesheppard.com/newsletter/Newsletter_Winter_2012.pdf Also, the Victoria Real Estate Board has a wide array of housing statistics for the Greater Victoria area. You can find average prices for the last 22 years, plus an average price chart dating back to 1978. Also, the […]
