https://dustinmcdowell.com/blog.html Real Estate Blog Copyright (C): Dustin McDowell, https://dustinmcdowell.com Sun, 10 Aug 2025 16:42:07 GMT Dustin McDowell 2025-08-10T16:42:07Z Copyright (C): Dustin McDowell, https://dustinmcdowell.com https://dustinmcdowell.com/blog.html/victoria-real-estate-market-stats-july-2025-8773448 <p class="block-p">Summer is in full swing here in Greater Victoria, and the July market numbers tell a story of steady activity with a few surprises. While things naturally slow down a little as people enjoy vacations, condos and townhomes are seeing renewed interest, and overall sales remain above last year’s pace. Here’s a breakdown of what happened in July.</p><h3><strong>Key Numbers at a Glance</strong></h3><ul><li><p class="block-p"><strong>Total Sales:</strong> 680</p><ul><li><p class="block-p">Up <strong>4.6%</strong> compared to July 2024</p></li><li><p class="block-p">Down <strong>10.6%</strong> compared to June 2025</p></li></ul></li><li><p class="block-p"><strong>Active Listings:</strong> 3,703</p><ul><li><p class="block-p">Up <strong>10.6%</strong> from July 2024</p></li><li><p class="block-p">Down <strong>2%</strong> from June 2025</p></li></ul></li></ul><h3><strong>Sales by Property Type (Year-over-Year)</strong></h3><ul><li><p class="block-p"><strong>Single Family Homes:</strong> 318 sales (↓0.3%)</p></li><li><p class="block-p"><strong>Condominiums:</strong> 225 sales (↑5.6%)</p></li><li><p class="block-p"><strong>Townhomes:</strong> 97 sales (↑19.8%)</p></li></ul><h3><strong>Benchmark Prices – Victoria Core</strong></h3><ul><li><p class="block-p"><strong>Single Family Home:</strong> $1,338,800 (↑3.3% from July 2024)</p></li><li><p class="block-p"><strong>Condominium:</strong> $563,300 (↓0.8% from July 2024)</p></li><li><p class="block-p"><strong>Townhouse:</strong> $849,200 (↑3.3% from July 2024)</p></li></ul><h3><strong>Market Insights</strong></h3><p class="block-p">While sales activity eased from June’s busier pace, year-over-year numbers show condos and townhomes gaining momentum. Inventory levels remain higher than in recent years, giving buyers more choice and time to make decisions. Detached home prices saw a modest lift, while condo prices are still slightly under last year’s levels, which could mean opportunities for buyers looking for value in the core.</p><p class="block-p">If you’d like to talk about how these trends might affect your buying or selling plans, I’d be happy to share my thoughts and help you make a confident move in this market.</p><p class="block-p"></p><p class="block-p"></p> Sun, 10 Aug 2025 16:42:07 GMT https://dustinmcdowell.com/blog.html/victoria-real-estate-market-stats-july-2025-8773448 2025-08-10T16:42:07Z https://dustinmcdowell.com/blog.html/welcome-to-the-real-estate-blog-8419774 <p>Welcome to our Real Estate Blog! Here you can find timely updates of my latest properties, open houses, just solds and much more.</p><p>Whether you are interested in <a href="https://dustinmcdowell.com/buying.html">buying</a> or <a href="https://dustinmcdowell.com/selling.html">selling</a> real estate, I am here to help guide you every step of the way.</p><p>If you have any questions about real estate from <a href="https://dustinmcdowell.com/home-evaluation.html">home evaluations</a> to <a href="https://dustinmcdowell.com/mortgage-calculator.html">mortgages</a> to <a href="https://dustinmcdowell.com/recip.html">searching for properties</a> in your area, don't hesitate to <a href="https://dustinmcdowell.com/contact.html">contact me</a> today!</p> Mon, 24 Feb 2025 19:37:03 GMT https://dustinmcdowell.com/blog.html/welcome-to-the-real-estate-blog-8419774 2025-02-24T19:37:03Z