Blog post content goes hereAugust in Victoria was the real estate equivalent of a hammock nap—quiet, steady, and surprisingly refreshing. With 525 properties sold, we saw a 3.7% dip from August 2024 and a 22.8% drop from July 2025. Condominiums took a breather with a 16% decrease year-over-year, while single-family homes bucked the trend, rising 6.3% compared to last year
📈 "Inventory: More Choices, Less Chaos"Buyers rejoiced as active listings climbed to 3,600 by month's end—a 12.8% increase from August 2024. While this marks a 2.8% decrease from July, the year-over-year boost indicates a healthier balance between supply and demand
💸 "Price Tags: Holding the Line"Prices remained remarkably stable. The benchmark price for single-family homes stood at $1,308,100, up 1.6% from August 2024 but down slightly from July. Condos held steady at $551,300, a 1.4% decrease year-over-year and a dip from July's $563,300. This stability is a welcome change from the volatility of previous months
🧭 "Navigating the Market: A Balanced Approach"With fewer multiple-offer situations and more time to ponder decisions, August's market offered a breather for both buyers and sellers. It's a great time to strategize for the upcoming fall market, whether you're considering buying, selling, or simply staying informed.
Looking Ahead: What’s Next for August and Fall?
As we move into September and fall approaches, the market is expected to remain balanced, with moderate activity and stable pricing. Buyers may find more options and less competition, while sellers can take advantage of motivated buyers who are serious about making moves before the winter slowdown. It’s a perfect time to plan, research, and position yourself strategically for the coming months.
Interest rates, economic conditions, and seasonal patterns will continue to play a key role in shaping the market. While we may not see dramatic swings, staying informed and proactive will be crucial for anyone thinking of buying or selling. For those watching the market, this is a chance to observe trends, learn from the summer’s patterns, and prepare for opportunities that may arise in the fall.
If you’re curious about what this all means for your home’s value or your next move, I’d be happy to chat. Whether it’s a quick check-in or a full strategy session or complimentary home evaluation, I’m here to help.
Let’s stay connected,Rick
📈 "Inventory: More Choices, Less Chaos"Buyers rejoiced as active listings climbed to 3,600 by month's end—a 12.8% increase from August 2024. While this marks a 2.8% decrease from July, the year-over-year boost indicates a healthier balance between supply and demand
💸 "Price Tags: Holding the Line"Prices remained remarkably stable. The benchmark price for single-family homes stood at $1,308,100, up 1.6% from August 2024 but down slightly from July. Condos held steady at $551,300, a 1.4% decrease year-over-year and a dip from July's $563,300. This stability is a welcome change from the volatility of previous months
🧭 "Navigating the Market: A Balanced Approach"With fewer multiple-offer situations and more time to ponder decisions, August's market offered a breather for both buyers and sellers. It's a great time to strategize for the upcoming fall market, whether you're considering buying, selling, or simply staying informed.
Looking Ahead: What’s Next for August and Fall?
As we move into September and fall approaches, the market is expected to remain balanced, with moderate activity and stable pricing. Buyers may find more options and less competition, while sellers can take advantage of motivated buyers who are serious about making moves before the winter slowdown. It’s a perfect time to plan, research, and position yourself strategically for the coming months.
Interest rates, economic conditions, and seasonal patterns will continue to play a key role in shaping the market. While we may not see dramatic swings, staying informed and proactive will be crucial for anyone thinking of buying or selling. For those watching the market, this is a chance to observe trends, learn from the summer’s patterns, and prepare for opportunities that may arise in the fall.
If you’re curious about what this all means for your home’s value or your next move, I’d be happy to chat. Whether it’s a quick check-in or a full strategy session or complimentary home evaluation, I’m here to help.
Let’s stay connected,Rick