Sold by David Stevens

While prices have been falling off from historic highs in Victoria, buyers are now getting back into the market, especially in the lower end price range.

In the greater Victoria area the average price for a single-family home in March 2009 was $534,689, down 10.46% from March of 2008, and the average price of a condo in March was $295,624, down 10% from March 2008.

The main activity in the current market is in the $350K to $500K range. So, in spite of the current economic uncertainty, I am feeling very optimistic for the remainder of this year.

 
Posted by David Stevens on 04/29/2009 11:55 AM   Comments (2)   victoria bc, house prices, first time buyers  
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2 Comments on Buyers Taking Advantage of Lower Prices in Victoria, BC

MAY
04
209,969 Points 1 Featured Post Outside Blog

David - this is indeed a good sign as some of those selling in the lower price ranges will be taking advantage of lower interest rates to move up.
10:57am • #1
MAY
12

Thanks for your response Kathy. It sounds as though the mortgage rate may go down even further this week! So, yes, it's a great time for both sellers thinking of moving up and first timers buying their first place!
8:46pm • #2

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David Stevens

Victoria, BC

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Royal LePage Coast Capital Realty, Victoria BC Canada

Address: 110-4460 Chatterton Way, Victoria, BC, V8X 5J2

Office Phone: (250) 477-5353

Cell Phone: (250) 893-1016

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