Blog - Page 5 of 9 - Dirk VanderWal Real Estate

Victoria real estate sales reflect summer trends

August 1, 2023 A total of 595 properties sold in the Victoria Real Estate Board region this July, 16.7 per cent more than the 510 properties sold in July 2022 and a 15.6 per cent decrease from June 2023. Sales of condominiums were up 16.3 per cent from July 2022 with 200 units sold. Sales of single family homes increased …

Conclusion of a strong spring Victoria real estate market

July 4, 2023 A total of 705 properties sold in the Victoria Real Estate Board region this June, 15.2 per cent more than the 612 properties sold in June 2022 and a 9 per cent decrease from May 2023. Sales of condominiums were up 19.8 per cent from June 2022 with 242 units sold. Sales of single family homes increased …

The Q Report – Q2 2023

INTRODUCTION Thank you for reading The Q Report for Q2 2023. We said in Q1 that the market should begin to perform in a more robust manner in Q2, based partly on the fact that the Bank of Canada (BoC) seemed to indicate that the flurry of interest rate hikes seemed to have done most of what it was intended …

Spring market begins to grow just in time for summer

June 1, 2023 A total of 775 properties sold in the Victoria Real Estate Board region this May, 1.8 per cent more than the 761 properties sold in May 2022 and a 21.7 per cent increase from April 2023. Sales of condominiums were down 0.8 per cent from May 2022 with 248 units sold. Sales of single family homes increased …

Not enough growth in inventory numbers means spring market sales slow

May 1, 2023 “Sales numbers for this April are more moderate than the higher levels we’ve seen in recent years,” said Victoria Real Estate Board Chair Graden Sol. “We are in a familiar market pattern, where the majority of sales for the year occur in the spring. While we’ve seen an increase in sales over the previous month, we’re not …

Early spring market reflects consumer confidence and growing demand

April 3, 2023 A total of 590 properties sold in the Victoria Real Estate Board region this March, 29.2 per cent fewer than the 833 properties sold in March 2022 but a 28.3 per cent increase from February 2023. Sales of condominiums were down 29.4 per cent from March 2022 with 197 units sold. Sales of single family homes decreased …

The Q Report – Q1 2023

INTRODUCTION This quarter’s Q Report is a study in looking deeper. After nearly five years of co-authoring this publication, our first look at this quarter’s numbers didn’t feel like much to get worked up about. However, as we scratched below the surface, asked more questions, and pushed into the data, we uncovered some interesting points that we are looking forward …

Winter real estate market wraps with improved consumer confidence and more stable pricing

March 1, 2023 A total of 460 properties sold in the Victoria Real Estate Board region this February, 35.9 per cent fewer than the 718 properties sold in February 2022 but a 65.5 per cent increase from January 2023. Sales of condominiums were down 39.7 per cent from February 2022 with 161 units sold. Sales of single family homes decreased …

A slow start to the year may not foretell the future for the Victoria housing market

February 1, 2023 A total of 278 properties sold in the Victoria Real Estate Board region this January, 41.4 per cent fewer than the 474 properties sold in January 2022 and a 13.1 per cent decrease from December 2022. Sales of condominiums were down 46.3 per cent from January 2022 with 101 units sold. Sales of single family homes decreased …

The Q Report – Q4 2022

INTRODUCTION As we celebrate entering our fifth year of publication, we wanted to thank you for your readership, as well as your business. We love having the opportunity to build relationships out of what has become a long-running endeavour for us. Our Q Report readers and clients “J&J” came to our offices to meet us after being sent a recent …

Dirk VanderWal

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