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MONTHLY REAL ESTATE REPORT April 2017

Posted on April 15, 2017 by Ann Watley *PREC

MONTHLY REAL ESTATE REPORT-April 2017

from Ann Watley. Your Sidney/Victoria Realtor

Victoria Real Estate Board
Mon Apr 3, 2017:

	Mar	Mar
	2017	2016
Net Unconditional Sales:	929	1,121
New Listings:	1,217	1,445
Active Listings:	1,556	2,618

As you can see by the attached Victoria Real Estate Board Stats, the Victoria Market is still HOT HOT HOT. What is driving the market to be so brisk is that the inventory levels continue to stay at record lows - month after month over the past year. An example of that is this newest statistics release showing that the Active Listings in the GVA are at 1,556 compared to last year at the same time of 2,618.

When the inventory selection is this low and the buyers are still active and in searching for their new home n large numbers it creates a serious supply and demand issue. Working with someone with the knowledge and experience that I have helps you to first understand the market and how this trend can affect you as a buyer.

Being a step ahead, working with someone that has the skills and the contacts to set you up to be in the right position when the new home is listed on the market can give you the edge that you need in a market such as this. Don't let this market intimidate you, rather work with someone that can guide you through and teach you how to work within it. Call or email me today to get started and seeking out your new home with me on at your side as counsel.

Ann Watley

#SidneyRealtor

Ann Watlet, Realtor