Here are the Month End Market Stats for May 2020 I also describe What The Housing Market is Like in Victoria BC with this Market Update – victoria real estate market forecast 2020
These Victoria Real Estate statistics and information is provided courtesy of the Victoria Real Estate Board for the month of May 2020
Net Unconditional Sales In May 2020 there was 457 sales and in May 2019 they were 848 net unconditional sales that’s a difference of 46%
👍New Listings In May 2020 they were 1095 new listings compared to 1613 in May 2019 that’s a difference of 32%
👍Active Listings For May 2020 they were 2544 compared to 3019 in May 2019 – that’s a difference of 16%
👍The Victoria real estate market continues to respond to the current COVID-19 health pandemic. As restrictions start to lift and BC gets back to normal (whatever the new normal will be that is) sales and listing numbers should also increase. There may not be a sudden return back to what the market was like pre-pandemic hover a gradual return is not out of the question.
😀Well priced properties in very popular areas are seeing multiple offers and I’ve seen some homes sell above asking price recently! In fact one of the 13 homes that sold yesterday Sold for nearly $30K above the asking price. This is a good indicator that very motivated buyers are actively searching for their new home in Victoria, especially in the Westshore area of Langford BC!
👍If you were wondering about bench mark price is the The current benchmark value for a single-family home in Victoria was 863,000 in May 2019 compared to 885,000 in May 2020. Condominium benchmark values in May 2019 was $516,400 and in May 2020it increased by 3.5% to $534,300!
👍If you’d like any more information please don’t hesitate to ask! TroyTheRealtor.ca and if you’re looking for any property in the Victoria MLS with a price drop you can find all of the current listings with a Price Drop at TroysDeals.com
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Select By Area – Price Changes and Price Drops updated every 5 minutes in Victoria, Victoria West, Oak Bay, Esquimalt, View Royal, Saanich East, Saanich West, Sooke, Langford, Metchosin, Colwood, Highlands, North Saanich, Sidney, Central Saanich, Gulf Islands, Malahat, Shawnigan Lake and Areas, Millbay and now includes FORECLOSURES!
Call or Txt Me Today @ 250.883.7676 and I’d be glad to help you find a home with a suite for sale in Langford BC and the Westshore!