Victoria Market Remains Hot! Travino Selling Fast!
The Victoria market continues to be one of the hottest in the country over the month of November with no signs of slowing down over the winter. It’s no secret to locals that Victoria is one of the best places to live in Canada, but the rest of the country has been catching on for quite some time now.
Victoria Real Estate Board President Guy Crozier confirms that November was another busy month for the popular Victoria real estate market: “Holding true to the theme we’ve seen throughout the year, the Victoria market had another great month of sales, with numbers exceeding those from the same time last year.”
A total of 573 properties sold in the Victoria Real Estate Board region this November, an increase of 23.2% compared to the 465 properties sold in the same month last year.
There were 2,952 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November, 18.7% fewer than the 3,631 active listings at the end of November 2014.
In exceptional neighbourhoods with rich histories, like Royal Oak, inventory is even harder to come by, and sales at Travino reflect this. Phase two at Travino is 65% sold, which is well ahead of schedule, and strong interest in phase three is already mounting.
Real estate in Victoria has proven to be a great investment over the years. The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core last year in November was $558,600. The benchmark value for the same home in November 2015 has increased by 9% to $608,600.
With prices rising and inventory being snatched up quickly, we’re urging buyers interested in Travino to speak to one of our realtors right away!
To speak to one of our realtors, CLICK HERE. To view the latest pricing at Travino fill out the form below!