Greater Victoria’s real estate market got off to a slow start in January, but it may not set the tone for the rest of the year, according to the new chair of the Victoria Real Estate Board.
That would take some doing considering the region posted just 278 property sales in January, a 41.4 per cent drop from the 474 sold at the same time last year. It was also a 13 per cent drop from the number of sales recorded in December. There were 1,739 homes listed for sale at the end of January, compared with 744 at the same time last year.
The benchmark price of a townhouse also rose in January to $785,100, up from $765,000 12 months earlier, while the median sale price dropped to $620,000 from $861,250.
So prices are now 'only' as INSANELY HIGH as in mid 2021? If that's limping I hope the market gets knee-capped.