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Real Estate Sales In Victoria, Canada

Real estate in Victoria, Canada is listed on the Victoria Real Estate Board’s Multiple Listing Service^® (MLS^®) system which also provides numerous statistics on house sales. During the recession property is obviously not selling as well as it did in the early 2000’s. There are sales although the market is once again slowing.

A total of 395 homes and other properties sold in September 2010, through the MLS which is less than the 425 sales made in August. This is also a dismal showing compared to the 776 real estate sales in September of 2009. There was a surge of sales activity during the end of the month, so hopefully October 2010 will show an increase in sales. Strangely these September figures included the sale of 8 properties at over $1m, which is quite a feat in these times with such a poor financial prognosis.

Sadly, the 4,323 properties still for sale is an increase of 26% compared to the 3,419 available for the same month in 2009.

Unfortunately it seems that the property market has been badly hit by the current recession and matters are getting worse. So what can you do about these problems? The solution seems to be to prepare your house well for sale and find yourself an experienced and seasoned Realtor to sell your house. Your Realtor will be able to provide you with suggestions as how to improve the marketability of your real estate. Then you need to be patient and prepared to accept less for your house than you would have done a few years ago.

Ref: Canadian MLS Statistics

Real estate in Victoria, Canada is listed on the Victoria Real Estate Board’s Multiple Listing Service^® (MLS^®) system which also provides numerous statistics on house sales. During the recession property is obviously not selling as well as it did in the early 2000’s. There are sales although the market is once again slowing.

A total of 395 homes and other properties sold in September 2010, through the MLS which is less than the 425 sales made in August. This is also a dismal showing compared to the 776 real estate sales in September of 2009. There was a surge of sales activity during the end of the month, so hopefully October 2010 will show an increase in sales. Strangely these September figures included the sale of 8 properties at over $1m, which is quite a feat in these times with such a poor financial prognosis.

Sadly, the 4,323 properties still for sale is an increase of 26% compared to the 3,419 available for the same month in 2009.

Unfortunately it seems that the property market has been badly hit by the current recession and matters are getting worse. So what can you do about these problems? The solution seems to be to prepare your house well for sale and find yourself an experienced and seasoned Realtor to sell your house. Your Realtor will be able to provide you with suggestions as how to improve the marketability of your real estate. Then you need to be patient and prepared to accept less for your house than you would have done a few years ago.

Ref: Canadian MLS Statistics