Wednesday, March 14, 2007

Sudden change in the housing market

Spring has come to Victoria and the housing market suddenly bloomed. As I mentioned, I am looking at houses in the Tillicum Gorge area at the moment. For the last few months house prices were stagnant or falling. Houses were falling in price, people were waiting and hoping for buyers and places wer moving for their assessed rate.

Then things changed. There have been houses listed in the last few weeks that have been selling for more than their list price.

There were two nice houses I wanted to look and consider and they sold in a few days.

I think we will ahve to back out of hte market until May or there is some sign of cooling.
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