Wednesday, September 17, 2008

The Roller Coaster Continues

This downward portion of the coaster is a little scarier, isn't it? There appears to be uncertainty all around us. Having started our little family, life decisions take on another magnitude of seriousness. The best thing to do may be to hunker down and work hard. Who knows what tomorrow brings! I think it's better to be optimistic, while being realistic, in decision making. I refuse to live in fear all the days of my life.

Regarding non-real estate related comments - it's all good with me. Just keep them family friendly and no personal attacks, please. I think that real estate, the economy, even politics, are intertwined. So go ahead - carry on!

It looks to me like real estate listings continue to increase for Greater Victoria. On September 2, after the month-end drop-off in listings, there were 4836 listings. Today, there are 5109 listings on this realtor's website. That's an increase of 273. 5109 is the highest I have recorded for this year.

As for sales, I'm watching SFH sales more closely these days. It looks to me like the average price for September will be very similar to August, as there have been a number of million dollar homes sold. However, median sales price should be lower than last months'. The number of sales should be higher than August, yet lower than September 2007. If the current trend continues, I'm guessing we'll see around 260 - 280 SFH sold in September for Greater Victoria.

Sorry, I have no idea what's going on with condos and townhomes. Any ideas?