Feb 23 Market Update

MLS numbers update courtesy of the VREB via Marko Juras. These numbers are for the Victoria Real Estate Board's reporting area, including Sooke, Shawnigan Lake and the Gulf Islands.

	Feb 2015				Feb  2014
	Wk 1	Wk 2	Wk 3	Wk 4
Unconditional Sales	118	226	396		412
New Listings	352	587	877		1064
Active Listings	3324	3401	3448		3770
Sales to New Listings	34%	39%	45%		39%
Sales Projection	--	452	528
Months of Inventory					9.1

Strong week so expect over 500 sales for the month.  If this week matches last we could hit almost 570 sales which would be the highest since 2010.  

Feb 16 Market Update

MLS numbers update courtesy of the VREB via Marko Juras. These numbers are for the Victoria Real Estate Board's reporting area, including Sooke, Shawnigan Lake and the Gulf Islands.

	Feb 2015				Feb  2014
	Wk 1	Wk 2	Wk 3	Wk 4
Unconditional Sales	118	226			412
New Listings	352	587			1064
Active Listings	3324	3401			3770
Sales to New Listings	34%	39%			39%
Sales Projection	--	452
Months of Inventory					9.1

Relatively strong first two weeks with sales pace about 10% higher than last year.   Those interest rates might be luring a few buyers out of the woodwork.