2695 replies to this topic

[MarkoJ]

[Nparker]

Scary sales total today, but potentially we could see 1000 sales this month.

[MarkoJ]

[MarkoJ]

Already second strongest September on record and will also break previous record of 903 set in 1992. 

[MarkoJ]

Insane numbers.

 

[GetLisaSomeHelps]

In your opinion what was the driving force(s) behind such an insane Sept? Backlog of buyers/sellers who decided to wait half a year to see how serious COVID got?

[Mike K.]

Marko’s take: https://victoria.cit...ch-new-heights/

[Mike K.]

In addition to Marko's sentiment, I also feel there’s some pressure from purchasers who recognize inventory won't be any higher than it is now, as we head into the weather-related doldrums of November, December, January and February. Waiting until March could mean higher interest rates, and overall higher prices.

[MarkoJ]

[MarkoJ]

[Nparker]

Less than half way through the month and already at 60% of last October's sales.

[MarkoJ]

[Nparker]

It looks like October 2020 is going to blow October 2019's sales out of the water.

[MarkoJ]

Will be a record breaking October. Also, at the end of this month sales volume for the year will be 3rd highest on record and will have already exceeded all of 2018 and 2019.

 

[Victoria Watcher]

thank you for the new graphic Marko.

It’s a bit easier to quickly read.

[MarkoJ]

Another record breaking month

 

[Citified.ca]

Real-estate: Busiest October on record fuelled by non-locals attracted to COVID-free Victoria

https://victoria.cit...-free-victoria/

[Victoria Watcher]

The Real Estate Board of Greater Vancouver says October home sales were up 29 per cent compared to a year ago, making it the second-best October on record.

 

The board says its agents sold 3,687 homes last month, up from 2,858 sold in October 2019.

 

Home sales were also up 1.2 per cent from September amid a surge in sales of detached homes.

 

The benchmark price for Vancouver homes hit $1,045,100 in October, up six per cent from last October and 0.4 per cent from September.

 

 

 

 

https://www.timescol...e-29-1.24232276

Edited by Victoria Watcher, 03 November 2020 - 08:46 AM.

[Mike K.]

We had around 935 “home” sales, but a population seven times smaller. It just goes to show how the big cities are faring.

[lanforod]

We had around 935 “home” sales, but a population seven times smaller. It just goes to show how the big cities are faring.

 

Seems like Victoria is much stronger... but then you look at Chilliwack: https://mcuserconten...atistics.01.pdf

 

391 home sales. population roughly 95k

Edited by lanforod, 03 November 2020 - 11:00 AM.