Believe it or not ¾ of the year is behind us. Real estate statistics from VIREB (Vancouver Island Real Estate Board) continues to show healthy activity in the market. Overall for 2014 for Single Family homes # of sales are up 14% while the number of listings is up only up 1%. Results: the number of active listings are down by 13%.
Homes are selling slightly faster at an average of 55 days versus 63 days last year. Prices are certainly stable and the list to sell ratio has tightened up to an average of 96%.
Please note that not all segments of the market, or areas, have the same statistics and therefore if you wish to discuss your particular situation, no obligation, please contact us and we would be pleased to discuss your situation with you.