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Victoria`s real estate market is officially hot again now that June sales numbers hit their third highest monthly level in recent years and single-family prices continue climbing.
The total of number of sales in June was 946, trailing only 2007 when May had 963 sales and June had 949. The previous high was set in May 1991, with 1,083 sales, the Victoria Real Estate Board said Thursday.
Of the 946 properties, the vast majority were residential but numbers also include 12 commercial properties, all sold through the board`s Multiple Listing Service.
Last month`s sales reflect a whopping 31 per cent increase from 723 in June 2008, and were up by seven per cent from May 2009 when 879 properties changed hands.
"For the past couple of months, we have seen growing strength in the market as many people who were waiting to see which direction the market would move in have decided now is the time to buy," Chris Markham, Victoria Real Estate Board president, said Thursday.
Read the full article here.
The total of number of sales in June was 946, trailing only 2007 when May had 963 sales and June had 949. The previous high was set in May 1991, with 1,083 sales, the Victoria Real Estate Board said Thursday.
Of the 946 properties, the vast majority were residential but numbers also include 12 commercial properties, all sold through the board`s Multiple Listing Service.
Last month`s sales reflect a whopping 31 per cent increase from 723 in June 2008, and were up by seven per cent from May 2009 when 879 properties changed hands.
"For the past couple of months, we have seen growing strength in the market as many people who were waiting to see which direction the market would move in have decided now is the time to buy," Chris Markham, Victoria Real Estate Board president, said Thursday.
Read the full article here.