Sales Are Slow But Steady

Over the past few months we have seen slow but steady sales in the Victoria Real Estate Market (in the 400 sales per month range). In my travels around the city, and in the many Open Houses which I host and visit, I am seeing a good number of buyers looking around for a new home. I believe that today’s buyers are seeing traditional market forces take the lead. I see birth, downsizing, and job transfer as traditional market forces for Victoria. In these traditional sectors of the market, we find ourselves working with people who usually have a better understanding of our local real estate market. Over the past month I have seen the buyers and sellers come closer together in what they think property is worth. In September and October I had a large number of possible purchases which fell away due to sellers and buyers not seeing eye to eye. It has been a difficult Fall market for both sellers and buyers.

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