April 2020

March 2020 managed to maintain normal levels of sales for the month in the Vancouver Island Real Estate board area despite COVID-19. With 333 single-family home sales in March, up 22.2% from the previous month and 7.5% up from March the previous year. Condo sales, on the other hand, were down 44% from March 2019, but townhomes were up 40% in the same period.

There were 1,181 active single family listings available at the end of March, up around half a percent from listings available March last year. The number of active condo listings was up 29% compared to last year bringing the number of listings to 400. The number of townhomes on the market dropped 18% with 147 active listings. Moving forward it is likely we will see a decrease in properties coming

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Are you okay? Can we help? We care.

We would like you to know that we take the COVID-19 issue very seriously. To this point, no Neal Estate Team staff have contracted or been in contact with the virus that we are aware of.

In light of all that is happening currently, we would like to reach out to our clients and let you know the precautions and procedures we have implemented to protect the health of our clients and staff. Of course, these steps and the limitations imposed are evolving hourly as new information becomes available.

We are conducting business remotely as much as possible:

1. Utilizing digital technology for signing.
2. Whenever possible staff is working remotely from home.
3. Using the