A shaky global economy hasnB次元官网网址檛 rattled the local real estate board presidentB次元官网网址檚 confidence in Greater VictoriaB次元官网网址檚 property market.

B次元官网网址淚tB次元官网网址檚 hard to look (ahead) over a couple of years, especially with the instability in the world economy right now,B次元官网网址� said Dennis Fimrite, president of the Victoria Real Estate Board and a realtor with Firm Management Corp., when asked about the future of real estate in the region.

B次元官网网址淧eople in Victoria realize real estate is a safe place to put their money still. I think weB次元官网网址檒l see prices steadily rise for the next few years.B次元官网网址�

Fimrite said historically, prices can spike dramatically in the region, then tend to flatten out for the following three to four years.

Asked whether he thought real estate prices might ever drop significantly, Fimrite said, B次元官网网址淣ot really, no.B次元官网网址�

Good employment opportunities, a diversified economy and beautiful surroundings will hold the market steady, he said.

According to the Multiple Listing Service, sales slowed once again after a modest revival in August. In September, 458 properties moved, compared to 542 the month before. September 2010 was a particularly slow month, with 395 property sales.

Month over month, the average price of properties declined slightly in Greater Victoria. The average price of a single-family house was $622,393 B次元官网网址� about $30,000 less than in August.

The average price for condos slipped slightly, by about $6,500 to $332,490 in September. The average for townhouses showed virtually no change.

In September, 17 properties sold for more than $1 million, including a Saanich East house that went for more than $6 million.

The average price for a detached house in Greater Vancouver was $888,243 in August 2011, or $407,457 for a condo.