David Langlois

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The real estate market in Victoria posted a strong September in comparison to September 2010. 

 

542 Sales were reported in September 2011, a significant uptick to the 395 reported in September 2010. 

 

The average single family house price was down from Augusts’ number of $652,000 to $622,000 - but well up from the September 2010 average of $592,000. Condos were averaging $332,000 versus $339,000 form the previous month but again well up over the $295,000 reported last year for the same time period.  Townhouses remained relatively unchanged month to month at $436,000 versus $437,000 and remain stable with last year’s prices of $439,000.

 

The Victoria real estate market is experiencing rising prices and increasing sales figures when viewed on a year to year basis.  It was widely reported that real estate sales were down from August indicating declining sales.  What was not reported was that this is the case virtually every single year due to our natural market cycles.  More people buy homes in August than September.  Just as more people buy home in May than they do in December.

 

The moral of the story:  If you want to know what is actually going on in the Victoria real estate market, ask a professional who actually works in the market.  Don’t rely on what you hear on T.V. or read in the papers.  Give us a call anytime for professional, reliable and accurate information.

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755 Humboldt Street Victoria BC V8W 1B1 Canada

David Langlois

I make myself available at all times. My web site is here to help you 24 hours a day. You can search listings at your own convenience, browse reports, and read up on real estate info on your own terms. When you are ready to see a listing in person, or just have a simple question, please dont hesitate to contact me!

 

When you make the important decision to buy or sell a home, I am committed to going the extra mile to ensure that all of your needs are successfully met in a professional and honest manner.

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