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February 2017

Found 1 blog entry for February 2017.

Ron Neal's Candid Victoria Real Estate Market Update for February 2017

January 2017 graph

The weather may be cold but our Victoria real estate market remains hot! Although the number of sales reported in January 2017 was down 11% from the previous year, it’s only due to the lack of available listings! Ready, willing and able buyers are plentiful, as are competing bids which continue to pressure prices upwards.

To put some perspective on this imbalance and undersupply, we have just over 1,300 licensed Realtors in Victoria. That exceeds the current number of residential listings which is currently less than 1,100 for sale in the entire Victoria Real Estate Board (total of 1,516 reported at end of January includes vacant lots and commercial including leases and

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