The April numbers are in and frankly, they aren’t as bad as I thought from a sales VOLUME perspective and even more encouraging to see that prices held and in some cases actually went up in certain categories. Here’s the market stats for April 2020:
Total # of Sales: 287
Active Listings: 2305
Benchmark Values Home Price Index
Single Family – Victoria Core up 4.6% April 2020 to $882,700. (April 2019 $843,500)
Condo’s – Victoria Core up 3.5% in April 2020 to $530,700 ( April 2019 $512,700)
*Regional Values available. Please reach out to Miles.
I have to say given that we were & still are in a State of Emergency because of COVID 19 & we’ve all been told to stay home unless it’s absolutely necessary – seeing close to 300 sales this month is amazing. It really is. In fact, the last 15 days in April we saw an increase in sales by 45%. We were trending in a pretty bad way for the first couple weeks of April.
So all in all – not a bad month. Clearly, no where near what we would normally see for the month of April – but these are unprecedented times. The world has not seen a pandemic like this for close to 100 years.
Continue to stay well during this crazy, crazy time we are all living in.