Pending transactions up nearly 10% inTwin Cities compared to 2019Below are the weekly stats we received from our brokerage (RE/MAX Results)...Compared to last year, I was surprised to see
Victoria Real Estate Early 2020 Outlook
Victoria is a growing, family friendly community with great schools in the southwestern metro. Victoria is the City of "Lakes and Parks", and is located in Carver County which was ranked the #1 Happiest County in America.
Victoria home values have seen historic appreciation over the last few years with a 20.7% increase in average home prices since January 2016!
Homes on the market in Victoria on average are currently receiving 98.8% of list price, indicating strong offers from buyers.
Victoria median home prices are up an impressive 4.5% just since January 2019!
Given the numbers we are seeing, with the added "fuel" of record low mortgage interest rates, we expect early 2020 in Victoria to be a VERY strong sellers market, and an excellent time to buy as well!