Victoria Real Estate Market Update – September 2020
September 2020: The Victoria Real Estate market was extremely busy throughout the month of August. Sales were almost 50% higher than the 2019 numbers, while prices held steady. The record low interest rates at this time, buoyed by the rush to make a move before the potential 2nd wave of the pandemic hits […]
Victoria Real Estate Market Update – March 2020
March 2020: Up until this week, the real estate market in Victoria was experiencing a strong start to the upcoming spring market. However, COVID 19 has changed all of that, specifically over the last 48 hours. I have been inundated with emails and calls from clients that are wondering which course of action to take right now. Escalating concerns over the COVID 19 […]
Victoria Real Estate Market Update – November 2018
The Victoria real estate market continues to remain stable and balanced this fall, and should remain so for the next few months. Sales jumped up from the September numbers, but remained lower than the November 2017. Listing inventory is also significantly higher than this time in 2017, leaving more choice for buyers. Currently, the average […]
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 – 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 – Spring 2016
Greater Victoria Real Estate Spring Outlook If you have read my blogs over the last few years you would see that the Victoria Real Estate market was undervalued and ready for a significant market upturn. However, no one could have predicted the rapid ascent that has transpired over the last 60 days. Interest rates for […]