Your Monthly real estate update https://youtu.be/696UDe3CS7MSales were up 22.7% January in Greater Victoria when compared to January of last year. Overall, there has been consistency and stability in our market here that has continued since late 2023 into the new year. With mortgage rates levelled out and inventory slowly building, we are no longer in an ultra pressurized...
Your Monthly real estate update https://youtu.be/jA6tA4dkw8EOverall, 2023 had a fairly uneventful end to it with December wrapping up with very minimal changes in price year over year. Single family homes had a slight increase in average prices. The one big change however is still inventory. Inventory is up 26% year over year. This is great for buyers as they have more...
Your Monthly real estate update https://youtu.be/GY-CJ79f3nkOverall, November has wrapped up with not much change from November of last year. Market conditions are in the balanced to buyer side depending what factors you look at. Months of inventory is at 5.7 and shows we are in balanced territory (shown below) but sales to list ratio is saying a buyers territory which is...
Your Monthly real estate update October 2023 Market Update We are now in a more balanced market with the increase of inventory that September brought. Inventory is up 17.3% year over year and up 8.4% month to month. There are now more options for buyers and they are able to take longer to decide on the right fit while house shopping. The cost of housing and prices have remained relatively stable over the...