VICTORIA OCTOBER REAL ESTATE MARKET UPDATE IS OUT
By Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant
(RE/MAX Camosun Victoria BC Real Estate)
OCTOBER VICTORIA REAL ESTATE MARKET UPDATE A slight uptick in sales and inventory, but Victoria real estate market still requires commitment to homesA total of 480 properties sold in the Victoria Real Estate Board region this October, 35.6 percent fewer than the 745 properties sold in October 2021 but a 17.1 percent increase from September 2022. Sales of condominiums were down 39 per cent from October 2021 with 152 units sold. Sales of single family homes decreased 32.2 percent from October 2021 with 230 sold.How much is your home worth today? “Inventory has remained stable this month and for the first time since May 2022, we see a slight increase in the month over month sales,” says Victoria Real Estate Board President Karen Dinnie-Smyth. “We noted last month that the number of sales f...
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