Victoria, BC: Real Estate Results for July 2014:
We've had a 17% increase in sales activity over July 2013. New listings have dropped slightly (not unusual for this time of year):
And looking at listings vs salessince July 2012 you can see longer term trends. Net outcome: a healthy & growing market.
From the Victoria Real Estate Board:
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."
For a full report and all the stats,CLICK HERE.