![\"shutterstock_112589048\"](\"http:\/\/www.ingridjarisz.com\/blog\/wp-content\/uploads\/2017\/10\/shutterstock_112589048.jpg\")
<\/a>ere was a lot of pressure on pricing and demand,\u201d notes Victoria Real Estate Board President Ara Balabanian. \u201cNow the tempo of the market is trending slowly \u2013 very slowly \u2013 towards more balanced conditions. Recently we\u2019ve seen overall price increases level out, which can indicate slightly less demand, and inventory is building.\u201d<\/p>\nThere were 1,976 active listings for sale on the Victoria Real Estate Board Multiple Listing Service\u00ae at the end of September 2017, an increase of 3.1 per cent compared to the month of August and 4.1 per cent fewer than the 2,061 active listings for sale at the end of September 2016.<\/p>\n
The Multiple Listing Service\u00ae Home Price Index benchmark value for a single family home in the Victoria Core in September 2016 was $742,200. The benchmark value for the same home in September 2017 has increased by 10.9 per cent to $823,100.<\/p>\n
\u201cSimply because we\u2019ve seen sales drop from last year is not dire or unexpected news for our local real estate market.\u201d adds President Balabanian. \u201cThe ten year average for sales in September is 573 properties and the month exceeded that average by more than ten per cent, which indicates we\u2019re still in an active market. And of course there are neighbourhoods that are still tracking up in terms of value from last year. It\u2019s for reasons like these that now more than ever it makes sense to seek the assistance of a local REALTOR\u00ae to sell or buy your home.\u201d<\/p>\n
About the Victoria Real Estate Board<\/i> \u2013 Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of Realtors. The Victoria Real Estate Board represents 1,369 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market.<\/p>\n
View our press release and summary here<\/a>. A total of 640 properties sold in the Victoria Real Estate Board region this September, 18.1 per cent fewer than the 781 properties sold in September last year. \u201cWe can certainly feel the difference in the current market when we compare to last year\u2019s record breaking numbers. Last year the pace of the market was Continue Reading »<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,33,11,58,8,18,5,4,1,34],"tags":[37,10,36,23,15,35,67,60,69,14,68,53],"_links":{"self":[{"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/posts\/1203"}],"collection":[{"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/comments?post=1203"}],"version-history":[{"count":1,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/posts\/1203\/revisions"}],"predecessor-version":[{"id":1205,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/posts\/1203\/revisions\/1205"}],"wp:attachment":[{"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/media?parent=1203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/categories?post=1203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/tags?post=1203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nView our complete statistical package here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"