A total of 608 properties sold in the Victoria Real Estate Board region this March,five per cent fewer than the 640 properties sold in March 2019 but eight per cent more than the previous month of February 2020. The Sales of condominiums were down 9.2 percent from March 2019 with 178 units sold. Sales of single family homes decreased 5.3 percent from March 2019 with 305 sold.
"Last month, we stated that we saw the spring market kicking off," says Victoria Real Estate Board President Sandi-Jo Ayers. "The start of March continued that trend and we saw higher year over year sales for the first weeks of the month - spring had officially sprung with multiple offers, new listings and sales. And then the world changed. Since the COVID-19 pandemic was declared, we have tracked a predictable downturn of sales in our market. Moving forward it is hard to predict what our spring market will look like, but it will likely be very different than recent years as our entire community slows down to stay healthy." Read More"
Want to know what your home is worth? Contact Me for a market evaluation!