THE VICTORIA MARKET & MARKET INVENTORY
The real estate market in Victoria started out strong in the 1st Qtr of 2020. Demand (i.e., the number of sales) was up dramatically, although it should be recalled that sales in the 1st Qtr of 2019 were the lowest recorded in the past decade. The inventory (i.e., the number of homes on the market) tightened. Sale prices continued to climb in the 1st Qtr. In summary, the market edged into seller’s market territory. However, the impact of the COVID-9 virus
outbreak on the economy became clear towards the middle of March 2020. There remains a lot of uncertainty going forward. Many people have plans to either buy or sell real estate this year. Realtors have been given guidelines to minimize the risk to both buyers and sellers.
John, and now his partner, Johnny, put the PROFESSIONAL in Real Estate Professional. Our house sale in the Sooke area went so well, so quickly, and so seamlessly because of our complete faith in John Vernon. His reputation preceded him, and it enabled us to concentrate on all the other details necessary for our move to Alberta while John took care of everything to do with the house sale. His relaxed, friendly manner coupled with immediate response to questions and concerns, made him so easy to work with. I know we were fortrunate to have the very best of the best in the Real Estate field. We also met John's son, Johnny, before we left, and can see what a great team they will make. To anyone in the Victoria area who is contemplating selling your home, make life easy for yourself and call John or Johnny Vernon. You just can't do any better than having them on your team.