Search Criteria: Single Family Home. List price 800,000 - 1,100,000 CAD. Sales vs Active Listings. East Saanich. I take a quick look at the market for single family homes on Jan 18th in East Saanich within a certain price range. Only 14 active listings fit that criteria! My thoughts on prices and hopes for the 2021 spring market. Brad Stokes-Bennett's opinions only. MBA. RI. Realtor. Developer. bradstokes.ca
On first glance the Victoria BC Real Estate Market looks incredibly hot over the past month of October 2020. However, I took a closer look at the 3 major economic products in the market; Single Family Homes, Condos and Townhouses. The stats of the past month can show us how the story for each type of home can differ. In my opinion, Single Family Homes in Victoria are currently experiencing a very high priced Sellers Market. If Buyers are looking for their purchasing power to go farther, both Condo's and Townhouses might be worth exploring in more detail at this current point in the economic cycle.
If you are in the market for a 2bed 2bath new condo in the downtown area of Victoria BC, this video will be helpful in providing market context. Before you buy make sure to look at relevant stats that might help you find the best price point for your new home.
This video blog is part of an ongoing series aimed at helping real estate buyers, sellers, developers use stats to improve their decision making in the market. If you have an any questions please add comments to the post.
A quick video that might help real estate buyers, sellers, developers use stats to improve their decision making in the market.