Hey there, real estate enthusiasts! I'm Dr. Greg Eisert from the Victoria Property Group & eXp Realty, bringing you the latest insights into the Victoria real estate market for August 2024! In this video, we’ll break down the recent trends, including the Bank of Canada’s latest interest rate decrease, which could have a major impact on housing prices.

We'll cover everything from sales data, price trends, and active listings to what the rate cut means for buyers and sellers in the coming months. Whether you're in the market for a condo or single-family home, there's plenty of information to help you make smart real estate decisions as we approach the busy fall season.

Make sure to watch until the end, and if you find this update useful, give it a thumbs up, subscribe, and contact me for more personalized advice! All the details are in the description below.

📊 Key Highlights:

Bank of Canada rate cut from 4.5% to 4.25%
545 properties sold in August
Condo sales up 10%, single-family homes down 7.7%
Benchmark price for single-family homes: $1,287,400
Benchmark price for condos: $559,200
Active listings up 28.2% compared to last year
📅 Mark your calendars for October 23rd for the next Bank of Canada rate update!

👉 Let’s strategize together to make the most of this market shift. Contact me today to start your home journey!

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Dr Greg Eisert
Victoria Property Group
www.VictoriaProperties.com
Cel: 250-415-1078
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#VictoriaRealEstate #RealEstateUpdate #HousingMarket2024 #VictoriaBCHomes #InterestRateCut #MarketTrends #CondoSales #RealEstateInvestment #VictoriaPropertyGroup #DrGregEisert

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