RSS

I'm pleased to let you know that I have joined the National Assocation of Green Agents & Brokers. 
 
We're a large group of individuals who can help clients make a more informed choice when it comes to environmentally friendly housing.   Click here to learn more.
Read

The latest stats are out for June and, on the surface at least, it is great news for buyers and bad news for sellers.   But, is it that simple - definitely not! 
 
The total number of listings is up 26% over the same month last year meaning that there is much more for buyers to choose from.  The total number of sales, on a three month average, is down 16% for single family homes, down 19% for condos, but down only 7% for townhouses.  As I mentioned before, I believe that townhouse sales are benefiting from baby boomers downsizing but not ready to give up their ground level access or yard.
 
So, what does this all mean? 
 
For buyers, you can celebrate.  You've got lots of choice and you may be able to drive a better deal than you could a few months ago.  But, keep in mind that sellers may be living in the past and not realize that the market is changing around them.  Be patient, educate them, and get the best deal you can.
 
It's definitely not all bad news for sellers.  Even though sales have dropped, there are still many, many properties selling.  For example, 441 single family homes sold in Victoria in May.  That is the highest number of sales in a single month since July of 2007.  In the last twenty-nine months, only 5 months had a higher number of units sold.  So, putting it in perspective really makes a difference!  The market is cooling, no question about it, but there are lots and lots of buyers out there for well priced and well marketed properties. 
 
Each quarter I publish a free in-depth market analysis.  If you would like to receive your own personal copy please subscribe here.
 
Read
Categories:   Co Hatley Park, Colwood Real Estate | Co Lagoon, Colwood Real Estate | Co Olympic View, Colwood Real Estate | Co Royal Bay, Colwood Real Estate | Co Sun Ridge, Colwood Real Estate | Co Triangle, Colwood Real Estate | Co Wishart South, Colwood Real Estate | CS Brentwood Bay, Central Saanich Real Estate | CS Island View, Central Saanich Real Estate | CS Keating, Central Saanich Real Estate | CS Oldfield, Central Saanich Real Estate | CS Saanichton, Central Saanich Real Estate | CS Tanner, Central Saanich Real Estate | CS Turgoose, Central Saanich Real Estate | CS Willis Point, Central Saanich Real Estate | CV Mt Washington, Comox Valley Real Estate | Du Chemainus, Duncan Real Estate | Du Cowichan Bay, Duncan Real Estate | Du Honeymoon Bay, Duncan Real Estate | Du Ladysmith, Duncan Real Estate | Du Lake Cowichan, Duncan Real Estate | Du West Duncan, Duncan Real Estate | Es Esquimalt, Esquimalt Real Estate | Es Kinsmen Park, Esquimalt Real Estate | Es Old Esquimalt, Esquimalt Real Estate | Es Rockheights, Esquimalt Real Estate | Es Saxe Point, Esquimalt Real Estate | GI Pender Island, Gulf Islands Real Estate | GI Saturna Island, Gulf Islands Real Estate | Hi Eastern Highlands, Highlands Real Estate | La Atkins, Langford Real Estate | La Bear Mountain, Langford Real Estate | La Fairway, Langford Real Estate | La Florence Lake, Langford Real Estate | La Glen Lake, Langford Real Estate | La Goldstream, Langford Real Estate | La Happy Valley, Langford Real Estate | La Langford Lake, Langford Real Estate | La Langford Proper, Langford Real Estate | La Luxton, Langford Real Estate | La Mill Hill, Langford Real Estate | La Olympic View, Langford Real Estate | La Thetis Heights, Langford Real Estate | La Walfred, Langford Real Estate | La Westhills, Langford Real Estate | Me Albert Head, Metchosin Real Estate | Me Metchosin, Metchosin Real Estate | ML Cobble Hill, Malahat & Area Real Estate | ML Mill Bay, Malahat & Area Real Estate | ML Shawnigan, Malahat & Area Real Estate | NS Ardmore, North Saanich Real Estate | NS Dean Park, North Saanich Real Estate | NS Deep Cove, North Saanich Real Estate | NS McDonald Park, North Saanich Real Estate | NS Sandown, North Saanich Real Estate | NS Swartz Bay, North Saanich Real Estate | OB Estevan, Oak Bay Real Estate | OB Gonzales, Oak Bay Real Estate | OB Henderson, Oak Bay Real Estate | OB North Oak Bay, Oak Bay Real Estate | OB South Oak Bay, Oak Bay Real Estate | OB Uplands, Oak Bay Real Estate | SE Arbutus, Saanich East Real Estate | SE Broadmead, Saanich East Real Estate | SE Cadboro Bay, Saanich East Real Estate | SE Camosun, Saanich East Real Estate | SE Cedar Hill, Saanich East Real Estate | SE Cordova Bay, Saanich East Real Estate | SE Gordon Head, Saanich East Real Estate | SE High Quadra, Saanich East Real Estate | SE Lake Hill, Saanich East Real Estate | SE Lambrick Park, Saanich East Real Estate | SE Maplewood, Saanich East Real Estate | SE Mt Doug, Saanich East Real Estate | SE Mt Tolmie, Saanich East Real Estate | SE Quadra, Saanich East Real Estate | SE Queenswood, Saanich East Real Estate | SE Sunnymead, Saanich East Real Estate | SE Swan Lake, Saanich East Real Estate | SE Ten Mile Point, Saanich East Real Estate | Si Sidney North-East, Sidney Real Estate | Si Sidney North-West, Sidney Real Estate | Si Sidney South-East, Sidney Real Estate | Si Sidney South-West, Sidney Real Estate | Sk Becher Bay, Sooke Real Estate | Sk Broomhill, Sooke Real Estate | Sk East Sooke, Sooke Real Estate | Sk John Muir, Sooke Real Estate | Sk Sunriver, Sooke Real Estate | SW Beaver Lake, Saanich West Real Estate | SW Elk Lake, Saanich West Real Estate | SW Gateway, Saanich East Real Estate | SW Glanford, Saanich West Real Estate | SW Gorge, Saanich West Real Estate | SW Interurban, Saanich West Real Estate | SW Marigold, Saanich West Real Estate | SW Northridge, Saanich West Real Estate | SW Royal Oak, Saanich West Real Estate | SW Rudd Park, Saanich West Real Estate | SW Tillicum, Saanich West Real Estate | SW West Saanich, Saanich West Real Estate | Vi Burnside, Victoria Real Estate | Vi Central Park, Victoria Real Estate | Vi Downtown, Victoria Real Estate | Vi Fairfield East, Victoria Real Estate | Vi Fairfield West, Victoria Real Estate | Vi Fernwood, Victoria Real Estate | Vi Hillside, Victoria Real Estate | Vi James Bay, Victoria Real Estate | Vi Jubilee, Victoria Real Estate | Vi Mayfair, Victoria Real Estate | Vi Oaklands, Victoria Real Estate | Vi Rockland, Victoria Real Estate | VR Glentana, View Royal Real Estate | VR Hospital, View Royal Real Estate | VR Prior Lake, View Royal Real Estate | VR Six Mile, View Royal Real Estate | VR View Royal, View Royal Real Estate | VW Songhees, Victoria West Real Estate | VW Victoria West, Victoria West Real Estate
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.