Ron’s Candid Comments and Victoria Real Estate Board Market Report for February 2014

The trend toward stability that started about April of last year is continuing with a slight increase in sales volume in February to 412 compared to 394 in February of last year while the total number of listings at 3,770 at the end of February while seasonally increasing is still tracking below this time last year when the total was 4,092. Prices appear relatively stable tracking only slightly down in most areas and property types compared to this time last year whereas the average sale price was notably higher for the month due mostly to the sale of a single condo for $5 Million. Our real estate board is very careful about how they depict the market, however, the media often seem successfully dramatize things and put a different spin on things. Also, markets vary considerably even from one part of Victoria to another, never mind from another city or province! For a true and accurate assessment of property and/or the market please let me give you the real story, call anytime for the truth!