Latest Victoria Real Estate Market Activity

Hello,

Below is the most up to date activity about the Victoria Real Estate Market. These were provided by the Victoria Real Estate Board. I always enjoy looking for trends, and comparing the statistics with previous years. If you have any questions, or would like additional information, please don't hesitate to contact me. deedrie@deedrieballard.com. I always enjoy discussing the market!

Deedrie Ballard

JANUARY 2012 SHOWS INCREASED ACTIVITY IN VICTORIA REAL ESTATE MARKET VICTORIA, BC
 
While the average price for a single family home in Greater Victoria softened slightly (3.62%) in January 2012 when compared to January 2011, sales over the same period have increased by 9.4%. “These numbers definitely match what we have been hearing from our Members,” says Carol Crabb, President of the Victoria Real Estate Board. “Showings have increased, sales are slowly increasing and there is a sense of optimism among area REALTORS®. “Buyers are still price sensitive and very aware of the market values of homes. Sellers need to be aware that average prices trending up or The number of active listings continues to decrease from a high of 5,094 in July 2011, creating more balance in the market. When supply exceeds demand, buyers can afford to be choosier and wait for the right house, at the right price. “That said, buyers seem to be tired of all the doom and gloom stories about the global economy,” Crabb adds. “Interest rates are good and they are keeping our Members busy with showings.”
  
 
 
 
 
 
 
 

Comments

There are no comments for this item yet.

Post a Comment

* denotes a required field. We will keep your email address private.