2015 Finished off with a Bang!

vreb market update-2

Happy New Year!

Hope everyone enjoyed the holidays! I just wanted to take a moment to reflect over 2015 and provide you with a short, and summarized update! As always, let me know if you have questions.

2015 finished off strong with 8,295 homes sold. We haven’t seen these numbers since 2007 and it looks like 2016 will be another busy year. Our inventory has continued to drop over the last year and sales have continued to increase, and this change in supply and demand has pushed us back into a seller’s market. With 465 properties sold in December, Victoria saw an increase of 19.5% compared to the sales from December of last year, which is right in line with the year’s end numbers climbing 23.8% compared to last year.

Here are the stats, graphs and a detailed report:

Nickole Goeujon | Realtor | Re/Max Camosun

 

 

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