With just a little over 6 weeks to go before we wrap up 2020 I’m sure we can all agree when I say : Bring on 2021 & a vaccine!
First and foremost, I hope you and your immediate and extended families are staying safe during this time. It seems we seem to be going backwards right now and the next 30-90 days could be interesting.
Interesting is certainly one word to use for the way the local Victoria real estate market has been performing. More like Amazing!
There has been a lot of activity happening, a lot of sales, low inventory, bidding wars, prices rising, lenders offering incredible borrowing rates. It’s the perfect storm coupled with many of us working from home more and more & perhaps this is a long term move.
October was interesting in that we finally saw the condo sector of the market push upwards. There were a lot of condo sales last month which was great to see.
I anticipate we will see the market calm a bit moving forward and that should last into January. Of course much could depend on how COVID 19 levels go.
If you are thinking of buying – stay connected to your lender.
If you are thinking of selling – please reach out – happy to discuss anytime.