Welcome June
As we step into the vibrant days of June, we’re thrilled to bring you the latest updates and insights in the real estate world. With summer underway, the market continues to evolve, presenting new opportunities and trends for buyers and sellers alike.
This time of year is filled with sunshine, backyard barbecues, and endless possibilities. While we bask in the joys of the season, it’s also a great time to explore what’s happening in the real estate world. In this month’s newsletter, we’ll be sharing some helpful tips and insights to make your summer even brighter, along with a sprinkle of real estate news to keep you in the loop.
ally and dennis
More time and choice in the Victoria real estate market
June 3, 2024 A total of 763 properties sold in the Victoria Real Estate Board region this May, 1.5 per cent fewer than the 775 properties sold in May 2023 and a 12.5 per cent increase from April 2024. Sales of condominiums were down 5.2 per cent from May 2023 with 235 units sold. Sales of single family homes exactly matched the number from May 2023 with 399 sold.
“Spring is generally prime time for real estate in Victoria,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “And May is typically when we are at or near to the peak of activity in our property market. This May was another stable month for both buyers and sellers. With more inventory on the market, consumers had more choice and could take time to make decisions and complete their due diligence. The additional listings also meant less pressure on pricing, so prices remained relatively flat.”
See the full report HERE.
- Add Some Greenery: Incorporate potted plants, hanging baskets, or even a small herb garden to bring life and colour to your patio.
- Upgrade Your Seating: Comfortable and stylish seating can transform your space. Consider investing in weather-resistant furniture or adding cozy cushions and throws to your existing setup.
- Create Shade: Install a retractable awning, large umbrella, or pergola to provide shade and protect yourself from the sun. This will make your patio or deck more enjoyable during the hottest parts of the day.
- Lighting: Add string lights, lanterns, or solar-powered garden lights to create a warm and inviting atmosphere for evening gatherings.
- Accessorize: Incorporate outdoor rugs, decorative pillows, and side tables to add personality and function to your patio.
