Victoria BC Real Estate Buyer’s Profile – January 2010

The Railyards in Victoria, BC (Vic West)
The Railyards in Victoria, BC (Vic West) Credit: pnwra on Flickr

Last month, I started a new series about buyer activity in the greater Victoria real estate market. The data comes directly from the “man (or woman) on the street” by way of a survey sent out by the Victoria Real Estate Board to agents who worked with a buyer to complete a transaction in that month.

Key highlights from this month’s data:

  • 25% of buyers used high-ratio (more than 80%) financing to purchase their home
  • Sooke, Langford, Colwood and Metchosin accounted for 20% of all purchases last month
  • Only three buyers found out about the property they bought via print media like a classified ad or real estate newspaper/magazine.
  • Agents are reporting more traffic at open houses, and more instances of multiple offers on the same property.

Check out the full details of the survey here.

Tim Ayres – Sooke Real Estate Professional

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Published by Tim Ayres

Tim Ayres is a Sooke and Victoria BC REALTOR®, with Royal LePage Coast Capital Realty. Tim is actively involved in helping clients buying and selling real estate in the southern Vancouver Island region. Tim is an active member of the Victoria Real Estate Board and served seven years (2009-2015) as a director, including serving as President in 2014.

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