2021 Market Summary

Hello and Thanks for checking in on my web site. For the past couple of years Buyers looking to purchase in the South Vancouver Island market has faced some challenging Times. Low inventory of Single Family Homes, Condos and nearly next to nothing for Townhomes has been the Norm Unfortunately. I update my web site monthly to provide a quick snap shot of pricing for these 3 categories. I am witnessing a trend of shrinking inventory that is pushing pricing up and competing with a large pool of Buyers seeking what seems to be the same Property. I have personally wrote close to 100 offers this year and finished with a 25% success Rate! There were always competing offers for just about every property that my clients submitted an offer on. Lets hope that 2022 brings us stability back to our lives, and the Real Estate Market finds a well balanced market for both Parties. Victoria Real Estate Board statistics package December 2021