THE VICTORIA REAL ESTATE MARKET IS still Strong!!
The Single Family market in Victoria BC is Strong, House Values have changed in most neighbourhoods in Victoria. Down on average 9-10%
Maybe its time to find out what your home is worth here
A low inventory of homes is creating a strong market for home sellers, even with lower prices. Homes sell with our low inventories. With so many Buyers competing to buy a home often we have been seeing many Buyers Bidding the price. Often at over the asking price...Well that is the case in popular neighbourhoods.
So in many cases Buyers are now reluctant to bid or make an offer on a home when inventory is still low.
Is the Real Estate market in Victoria Back to normal? Well not just yet. Sellers are now accepting Conditional offers(Subject to morrgage financing, building inspection are back on the table).
The real estate inventory is low and it’s Winter so sales have slowed down.
Let's see what the Spring brings, our next busy time. So Is the Real Estate market still strong for home sellers? Time will tell.
Call me 250-413-7042 if you are thinking about Selling your home now or in the near future and let's discuss how much your home is worth in our current market place.