The Victoria Real Estate Board today released its monthly report on real estate activity in the Victoria area for July 2014.
681 properties sold in the region in the month of July 2014, compared to 583 last year in July - an increase of nearly 17%. June 2014 saw 680 sales.
When compared with year-to-date sales in 2013, 2014 shows a 10% increase.
"I think the activity in July has surprised a few people," Victoria Real Estate Board President Tim Ayres says. "Traditionally the summer market is slower than the spring, but numbers are tracking closely to March and April sales this year. Last year sales in July were 12% lower than in June - and June was the peak of the market in 2013. This year we see slightly more sales in July than in June. This is the first year since 2003 that July numbers have beaten June."
The MLS® Home Price Index (HPI) benchmark value for a single family home in the Victoria Core area in July was $562,000 - 2% higher than last year’s average value for the same home - $550,900.
Thinking about moving to Victoria?
As baby boomers continue to retire in ever increasing numbers, prices will fluctuate month to month but Victoria is somewhat price protected. There is no denying the incredibly strong pull to this Island Paradise! Call me toll free at 1-877-478-9600 to have Victoria area listings e-mailed to you daily.
I offer you leading edge technologies for your upcoming real estate transaction, while at the same time provide you with First Class Service!
Serving Greater Victoria and area. Call Lorne Tuplin for Langford Real Estate,
Colwood Real Estate, Metchosin Real Estate, Sidney Real Estate,
North Saanich Real Estate, Central Saanich Real Estate,
Saanich East Real Estate, Saanich West Real Estate,
View Royal Real Estate, Oak Bay Real Estate
Esquimalt Real Estate and Sooke Real Estate.
Call Lorne Tuplin to buy or sell Victoria Homes,
Victoria Real Estate, Victoria Condos,
Victoria Area Acreages, and Victoria Area Waterfront & Water view homes
RE/MAX Camosun, Victoria, British Columbia