Hard to believe we’re 1 month into 2021 already! WOW!
And what a start for our market – strong sales activity yet again. Sales in January up just over 50% year over year for the month. Incredible. To say our market is bustling is a massive understatement.
Houses priced in the $750,000 – 1.2 million range continue to garner a lot of attention and typically multiple offers.
Supply and Demand. January 2021 inventory 32% less than January 2020.
It would be amazing to see more inventory come on the market.
Benchmark prices for a single family home now at $932,000 for the greater Victoria region – that’s up 8.3% year over year.
Benchmark prices for condo’s relatively flat year over year.
If you are thinking of selling a home – right now the stars have aligned! A tremendous opportunity exists.
Buyers – need to continue to be patient & prepared. We’ve got some clever ways to help out – feel free to get in touch anytime.
Onward we go….