Welcome July
As the sun graces us with longer days and warmer temperatures, the real estate market across the country prepares for a bustling summer season. Whether you’re a prospective buyer, seller, or investor, now is the time to seize the opportunities that summer brings to the housing market
Whether you’re embarking on a personal milestone, exploring new horizons, or seizing investment opportunities, allow the warmth and vibrancy of summer to guide you towards achieving your real estate aspirations.
ally and dennis
More time and choice in the Victoria real estate market
July 2, 2024 A total of 661 properties sold in the Victoria Real Estate Board region this June, 6.2 per cent fewer than the 705 properties sold in June 2023 and a 13.4 per cent decrease from May 2024. Sales of condominiums were down 16.5 per cent from June 2023 with 202 units sold. Sales of single family homes increased by 6.2 percent from June 2023 with 342 sold.
“June followed our normal seasonal trends,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “With more inventory and slightly fewer sales when compared to May, most buyers last month would have experienced a market with more choice and more time to make decisions, and some sellers may have experienced longer than expected timelines to find their buyer. Of course, the Greater Victoria real estate market is made up of many smaller markets with unique conditions, so there are still areas and price points where we see intense competition. Overall, however we saw the busier spring market shift into summer over the course of June, as we’d expect.”
See the full report HERE.
Tips to Keep Your House Cool In The Summer :
- Optimize Your Windows: Close blinds or curtains during the hottest part of the day to block out the sun’s heat.
- Use Fans Wisely: Position portable fans in strategic locations to enhance airflow and use exhaust fans in kitchens and bathrooms to remove hot air and reduce humidity.
- Optimize Your Air Conditioning: Ensure your air conditioner is running efficiently by cleaning or replacing filters regularly and scheduling professional maintenance. If possible, place your outdoor AC unit in a shaded area to improve its efficiency.
- Reduce Heat From Appliances: Avoid using the oven during the hottest parts of the day. Opt for a microwave, slow cooker, or outdoor grilling instead.
- Improve Insulation: Check for gaps around windows and doors and seal them with weather stripping or caulk to prevent warm air from entering and cool air from escaping.
