Real estate market stays strong in Greater Victoria
Real estate sales in Greater Victoria continue to set records as pent-up demand from the spring has made conditions hot in the fall. The Victoria Real Estate Board’s latest statistical package shows 989 properties sold in September, roughly accounting for the loss of expected sales in the spring.
“I don’t think that anyone who was trying to predict market outcomes in our area over the course of the pandemic expected that the pent up demand from dampened sales in April and May would result in this level of market activity. There’s no doubt that buyers are extremely motivated and this increased demand, coupled with limited inventory, fueled the September market.” VREB President Sandi-Jo Ayers said in a statement.
“I don’t think that anyone who was trying to predict market outcomes in our area over the course of the pandemic expected that the pent up demand from dampened sales in April and May would result in this level of market activity. There’s no doubt that buyers are extremely motivated and this increased demand, coupled with limited inventory, fueled the September market.” VREB President Sandi-Jo Ayers said in a statement.
