Victoria Real Estate Market Update – September 2018
The Victoria real estate market is still strong but showing signs of slowing down this fall. Prices seem to have plateaued as the July and August average prices have hit a ceiling. The average price for a Single Family home is sitting at about $880,000. The number of monthly sales are also lower, but this […]
Victoria Real Estate Market Update – August 2018
The weather has been very hot in Victoria over the last few weeks and the forecast appears to be continued sunshine. This usually results in a slower real estate market, with fewer sales, as most of us are out enjoying the last month of summer before the kids go back to school. Our grand […]
Victoria Real Estate Market Update – July 2018
Summer is in full swing! July weather in Victoria is currently sunny, in the high 20’s, and showing no signs of letting up. The real estate market is usually slower in July, which gives us realtors a chance to relax and enjoy some down time with family and friends. I hope you are also enjoying […]
Victoria Real Estate Market Update – June 2018
Hello again, Here is the inaugural email of my new monthly Victoria Real Estate Update. The goal of my email updates is to provide you with current real estate market statistics, some commentary about the local housing market and some real estate related links and articles to assist you with any of your real estate […]
Victoria Real Estate Market Update – Winter 2018
The Victoria real estate market has started out very strong in 2018. Prices have remained high, with the average price of a single family home chalking in at just over $831,000, which is about 10% higher than a year ago. Condos, at $445,000 average price, are up 20% from one year ago. Sales have softened […]
Victoria Real Estate Market Update – Fall 2017
The Victoria real estate market is undergoing a slight change as the strong market continues into the fall. The average prices appear to have hit a peak as this summer experienced a small price drop for the first time in almost 2 years. The overall listing inventory has increased slightly in September compared to the […]
Victoria Real Estate Market Update – Summer 2017
The smoke has finally cleared from the air in Greater Victoria, but the fires throughout BC are still burning. Let’s hope some rain comes soon. This summer has been extremely dry as Victoria was on the verge of breaking a 53 day record of no rain set in 1986, but some rain finally came late […]
Victoria Real Estate Market Update – Spring 2017
The real estate market has been very busy again in 2017. This is great news if you are a seller, as prices are up about 20% from one year ago in almost all regions of Greater Victoria. Sales have slowed slightly from the records set in 2016 but only because there are not enough properties […]
Victoria Real Estate Market Update – Winter 2017
2017 is already into it’s second month and who would have thought that Victoria would have received a severe snowfall in early February? The real estate market is always temporarily frozen when Victoria gets a snow fall, but things should be back to normal in the next day or so, as the snow is melting […]
Victoria Real Estate Market Update – Fall 2016
Government Intervention – Good or Bad? Wow! The Canadian and BC Governments are sure getting involved with the real estate market in Canada this year, with the intent to try and make real estate more affordable, help Canadians stay in a safer debt range, and to bring in extra tax revenue. The ultimate looser in […]
