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Victoria Real Estate Inventory is low...Now Is the Best Time To List Your Home

Victoria Real Estate Inventory is low, but there still great variety of properties for buyers in the Victoria Real Estate Market December 1, 2015, Victoria BC –

Victoria Real Estate Board President Guy Crozier confirms that November was another busy month for the popular Victoria real estate market. “Holding true to the theme we’ve seen throughout the year, the Victoria market had another great month of sales, with numbers exceeding those from the same time last year.”

Victoria Real Estate Inventory is LowA total of 573 properties sold in the Victoria Real Estate Board region this November, an increase of 23.2% compared to the 465 properties sold in the same month last year.

There were 2,952 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November, 18.7% fewer than the 3,631 active listings at the end of November 2014.

Crozier notes that prospective sellers may want to take advantage of the current market conditions.

“One thing I can say about the market right now is that due to lower inventory levels, this is the best time in the past ten years to list a house. Demand from buyers in most areas is up, but inventory continues to decrease on a year over year basis.

The good news for Victoria home buyers is that pricing remains competitive and there are new listings coming onto the market every day.”

What does Crozier recommend buyers and sellers keep in mind as the year comes to a close? “There are real estate microclimates in Victoria. Different areas have different levels of demand and ability to meet that demand.

Though properties are selling everywhere, what to expect in terms of value and time to sell may differ depending on your area and the type of property.

Now more than ever it’s important to work with a REALTOR® to understand the market and track the activity.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core last year in November was $558,600. The benchmark value for the same home in November 2015 has increased by 9% to $608,600.

Victoria Real EstateDecember can be a great time to list and sell your home with less competion from other homes for sale. Be ready for the early Spring Market of New Listings

Call Me today and lets talk about the advantages of listing your home for sale during the holiday season...it can take 3-5 months for completion and possession. In a perfect home selling world this makes sense to be sold and ready to buy in the Spring when the listing inventory starts to climb.

Fred Carver Victoria Oak Bay Gordon Head Saanich Fairfield

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Victoria Real Estate Inventory is low...Now Is the Best Time To List Your Home

MERRY CHRISTMAS TO YOU AND YOUR FAMILY

Published Friday, December 04, 2015 6:06 AM by Fred Carver Personal Real Estate Corporation

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