Victoria Real Estate Market Update December 2015
While driving home last night I took this photo above because it caught my eye with the full moon behind. Located in South Oak Bay on Victoria Avenue... a real beauty. What a year we had in Victoria. There was a 23 percent increase of sales compared to the same month last year. Overall the average home prices went up about 9 percent. Please remember though, there are real estate microclimates in Victoria. For example Oak Bay has a higher level of demand than Sooke. Value and time to sell may be different depending on the area and the type of property. It really is important to work with a Realtor® in order to learn and understand all of these factors of value.
Below is a graph of the Victoria Listings and Sales
Wishing you and yours the merry of the merriest and wishing you the very best of 2016! if the Oak Bay area is of interest please read my blog and stay tuned for more updates. Cheers!