Posted by & filed under Victoria Real Estate Update.

The Victoria Real Estate Market is just that. Last Wednesday we listed a small little house on 1636 Kings Road. Listing price $299,900. This is a three bedroom 1400+ sqft home on an average lot. The home has been rented over the past few years. To get good exposure to the hot Victoria Real Estate Market all offers were presented yesterday (Saturday) and we had a total of six offers and the winner came in at $341,000. This is $41,000 over asking price. This shows us that there is still a very strong demand for entry level homes in Victoria. On our website, you can check out our Victoria Market Update and keep an eye on the trend.Many people ask us what the prices are going to do in the future. Well, some predictions are around 6% increase in the Greater Victoria Area. My crystal ball predicts an average selling price of close to $600,000 at the end of this year. Many people say I am way too enthusiastic. All I can say, time will tell.  I would love to hear your predictions. Contact us anytime.

Cheers, Anders

Royal LePage Coast Capital

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