charliesangelsperth Victoria Real Estate Prices - February 2020 — Mortgage Sandbox
 Victoria Real Estate Market Remains Balanced

Victoria Real Estate Market Remains Balanced

HIGHLIGHTS

  • Metro Victoria home prices have moderated recently when compared to 2016 and 2017.
  • Buyer interest picked up in the second half of 2019 for all property types.
  • Owners of houses appear to be reluctant to sell - there fewer "FOR SALE" signs on lawns. On the flip side, condo owners are trying to unload homes (perhaps flipping presales?) and there is an abundance of condo supply.
  • The typical Metro Victoria household still cannot afford current condo prices, nevermind house prices.
  • Metro Victoria real estate prices are still facing several high impact risks.
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Victoria

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