cheaprealty net

Just an observation, but last month in the VREB area, there were 16 sales valued over $1,000,000.00. Some for a lot more, I'm sure.

Anyway, today as I check the MLS for Greater Victoria, I note that there are 209 properties listed at a million dollars and up. Of these, 158 are listed as detached single family dwellings.

So, while every month we get another announcement of a new high in Victoria area single family home prices, at the same time, by my rudimentary calculations, there are now more than 9-13 months of high priced inventory on the market.