August 2017 Ann Watley Real Estate Market Summary Report
The Greater Victoria BC Real Estate Market
According to the latest August report released by the Victoria Real Estate Board there are 2000 active listings in region. In fact the number hoovers around the 1921 active listings. Not a large number when considering the size of the region and the number of households.
The median house price ($759,000) is 14.3% higher in 2017 than it was in 2016. By all indications, homes are selling faster and for more money. A low listing inventory and an increase in the average selling price indicates the Greater Victoria Region is in a "SELLERS MARKET." Give me a call for a free market evaluation of your home.
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