OUR REAL ESTATE MARKET IN VICTORIA IS HOT!!

By
Real Estate Sales Representative with RE/MAX Camosun Victoria BC Real Estate BC Licence #001159

OUR REAL ESTATE MARKET IN VICTORIA IS HOT!!

 

The Single Family market in Victoria BC is HOT, So Values have Changed in most neighbourhoods in Victoria. Maybe it’s time to find out what your home is worth.

 

A shortage of homes for sales is creating a Hot market for home sellers, meaning homes sell very quickly and usually for more money than they are listed for. With so many Buyers competing to buy a home often we have been seeing many Buyers Bidding the asking price up. Often at over $100,000 of the asking price...Well that was the case earlier this Spring.

 

Home owners hearing about homes selling at crazing prices are throwing their homes on the market at maybe unreal asking prices. Many Victoria Home Buyers are now saying Whoa!! I’ll wait this one out, I lost out on trying to buy the last 5-6 homes I made offers on. 

 

So in many cases Home Buyers are now reluctant to bid or make an offer on a home when sellers are asking for the moon.

Is the Real Estate market in Victoria going back to normal? 

 

Well not just yet. Sellers are now accepting Conditional offers (Subject to financing, building inspections, are back on the table).

 

The real estate inventory is still low and it’s Summer(heat wave last week) so sales have slowed down. COVID Restrictions have been relaxed and many consumers are taking the Summer time to get back to normal, seeing friends and visit families.

 

Let's see what September brings, our next busy time. With record low mortgage interest rates.1.5% to 1.6%  and low housing inventory Victoria Home Prices will continue to climb. Maybe not as fast as this past year.

 

So Is the Real Estate market still continuing to be HOT for home sellers? Time will tell. 

 

Call me 250-413-7042 if you are thinking about Selling your home now or in the near future and let's discuss how much your home in Victoria is worth in our current market place.

Check out my YouTube Video Real Estate Is Hot and please subscribe to my YouTube Videos > Here

OUR REAL ESTATE MARKET IN VICTORIA IS HOT!!

Posted by

 

HAVE YOUR BEST YEAR EVER IN 2015 !

 Link to My web SiteTwitter Fred Carver     Find Fred on Google  Fred Carver on Facebook    Fred Carver on LinkedIn

Fred Carver on YouTube Follow Me on Pinterest  Connect with Fred Carver on Google+

Google Me Fred Carver

 

  "Selling Victoria Residential & Income Producing Properties since 1971"

 

Cheers

Fred Carver

Personal Real Estate Corporation

RE/MAX Camosun
Accredited Consultant in Real Estate®

“Recognized by ActiveRain as a 2013-2014 Top Contributor for Real Estate Blogging.”

Direct 250-598-2963   

Over 40 Years Experience selling Real Estate does make a Difference.. call Fred today to Put his 40 years experience to work for You.

4440 Chatterton Way, Victoria, BC V8X 5J2
Calling from Out Of Town? Call Toll Free 1-800-663-2121

Find Hundreds of Home For Sale in Victoria BC

Post Copyright © 2016 By Fred Carver Real Estate Corporation All Rights Reserved

Fred Carver Top Realtor Victoria BC

Comments (0)