VICTORIA JUNE MLS SALES STATS ARE OUT....WOW!

By
Real Estate Sales Representative with RE/MAX Camosun Victoria BC Real Estate BC Licence #001159
http://actvra.in/4SYx

VICTORIA JUNE MLS SALES STATS ARE OUT....WOW!

The Victoria Real Estate Board June Sales Report Stats for Victoria, BC.

Victoria Home prices are up 21.9% over May 2015.

Victoria June MLS Sales Stats are Out...Wow!

July 4 2016, Victoria, BC

 

A total of 1,174 properties sold in the Victoria Real Estate Board region this June, an increase of 29 per cent compared to the 910 properties sold in June last year.

 

"When we look at month over month numbers, sales are down almost 9 per cent in June compared to the record breaking sales we saw in May, which may be due to the very low inventory available," notes Mike Nugent, 2016 President of the Board. "It's likely that sales would be higher were there more on the market to buy, but with the current conditions people may be hesitant to give up the homes they have."

 

Inventory levels remain lower than the year previous, with 2,289 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of June 2016, 42.8 per cent fewer than the 4,003 active listings at the end of June 2015.

 

"June marks the halfway point for 2016. By this time last year 4,282 properties had sold," adds Nugent. "In the same six months this year, 6,181 properties have sold. If sales continue at a similar rate, we may meet the total sales from last year by the end of the summer. However, this may depend on available inventory, which continues to decrease."

 

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in June, 2015 was $594,700. The benchmark value for the same home in June 2016 has increased by 21.9 per cent to $724,900.

 

"Even in this market, price and strategy are important," says Nugent. "It's smart to engage a local REALTOR® to identify a price point and marketing strategy to sell your property. We have seen many multiple offer situations and record breaking numbers in the past few months, but there are properties that sit unsold. Sellers trying to test the upper price limits in their specific range will find that buyers are as discerning as ever. Even in this market there is no guarantee of sale."

It was 1981 the Last Time I saw a real estate market like I'm seeing in Victoria right now. If you are considering Selling your home now or in the near future. Call me, I'll be pleased to meet with you to discuss the current real estate market. I'll show how to sell your home for top dollar and only move when you find your next home.

Put my Experience to work for you.

VICTORIA JUNE MLS SALES STATS ARE OUT....WOW!

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

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
British Columbia Capital Area Victoria Gordon Head
Groups:
RE/MAX Active Rain Bloggers
Canadian RE/Max Agents, Mortgage Brokers, Home Staggers Etc.
Fairfield Victoria Real Estate Blog
Beautiful British Columbia
Market Reports
Tags:
fred carver remax
june 2016 mls sales in victoria
june mls stats for victoria bc

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
611,409
Lauren Selinsky Broker CRS
California Coastal Estates - Aliso Viejo, CA
"Your California Real Estate Broker" TM #oclauren

How fantastic! That's a lot of properties ! Hope you were at the end of many of those transactions.

Jul 04, 2016 05:36 PM #1
Rainmaker
368,057
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains

Wow! 21.9 % increase - that's what I'm talking about.  No doubt whatsoever, that you will be responsible for many of the transactions. 

 

Jul 24, 2016 04:51 AM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,015,061

Fred Carver Personal Real Estate Corporation

Accredited Real Estate Consultant
Let me help you Find or Sell Your Home Just Email 24/7
*
*
*
*
Spam prevention

Additional Information