Ron’s Candid Comments and Victoria Real Estate Board Market Report for February 2014
by Ron Neal
on Wednesday, March 12th, 2014 at 6:17pm.
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!
The Neal Estate Team is your #1 source for all of your Victoria BC real estate needs. Get in touch with us online or by phone at (250) 386-8181 to speak with a Victoria real estate buying or selling expert today. With decades of experience as a top selling Victoria REALTOR® and ranked in top 1% globally with over 4,000 transactions and $1 Billion SOLD, Ron Neal & The Neal Estate Team have the industry experience and market knowledge to help you make smart and informed buying or selling decisions.