Victoria BC Real Estate Stats for Jan 2017
Home sales in Victoria have been hampered by the lack of inventory; there’s simply more Buyers than available homes on the market. This, in turn, has led to a slow-down of home sales. For those families thinking of selling, many are hesitant to list their home because they also would have to buy into this limited market with increasing prices. Spring should bring more inventory, hopefully.
Figures compared to Jan 2016:
Sales DOWN 11%
New Listings DOWN 19%
Active Listings DOWN 39%
Full report: http://www.vreb.org/current-statistics
For information, call Bruce McCallum DFH Real Estate, (250) 858-5762