Victoria home sales April 2016
April 2016 has seen real estate sales activity in Victoria shatter records from previous years. It seems to be the ‘perfect storm’ created by ultra-low interest charges on loans, heavy demand which is typical for the spring in Victoria, very low inventory which has not kept pace with buyer demand, and, most recently ‘house-rich’ Vancouverites discovering the beauty and the affordability of our fair city. See the Times Colonist article here.
All in all, these factors are creating a very strong SELLERS MARKET. For those that have been thinking of selling, now is a great time. Homes have been selling very quickly and a great percentage of sales prices have been more than the list price.
However that being said, the traditional rules still apply for the quickest sale for the most money: keep your home in excellent repair, update here and there if you wish, clear the clutter.
SALES UP 53%
NEW LISTINGS UP 13%
Message: GREAT TIME TO SELL