Victoria Real Estate Market Report

A total of 661 properties sold in the Victoria Real Estate Board region this August, 11.3 per cent more than the 594 properties sold in August 2018 but a 6.4 per cent decrease from July 2019. Sales of condominiums were up 4.1 per cent from August 2018 with 203 units sold. Sales of single family homes increased 15.5 per cent from August 2018 with 351 sold.

“August could be considered a status quo month for real estate in greater Victoria with entry-level homes selling quickly when priced appropriately, and higher-end properties moving at a slower pace," says Victoria Real Estate Board President Cheryl Woolley. “As expected, we’ve seen relatively stable pricing, with an uptick in sales – particularly single family homes.

Waterfront Condo for sale in Victoria

This unit was completely renovated to the highest standard in 2014/2015 by James Joinery, a custom building company that restores many James Bay heritage homes in Victoria. 50 Songhees actually mimics the style of a typical Edwardian country home, the era when bay windows were first incorporated in private homes. The unit features a huge bay window which runs the entire width of the living room and provides water views that are greater than one hundred and eighty degrees.

The owners were true to the Edwardian style of the building in the finishing and materials used in the home— the solid walnut flooring, lighter wall colors and a mixture of dark wood tones with white baseboards and door trims is typical for the

Mid-Century Modern West Coast Contemporary.

Designed and built in 1963, this timeless architecture is married with the ecological ethics of our evolving culture. A private arrival at this farm status South facing 5 acre homestead on Salt Spring Island you are greeted by a large carport connected to the home via covered walkway amongst mature landscaping. Inside we have 6 bedrooms and 2 kitchens reflecting the walkout one bedroom suite. An open plan with a recent custom kitchen update featuring local clear fir millwork and marble countertops .

An adjacent open pantry with laundry is beautifully constructed with Douglas Fir custom cabinets.Throughout the home you will enjoy relaxing on the hardwood floors, if you like doing your early morning yoga or

Victoria Real Estate Market Report

Overall: Market demand remained steady in July with 3.4 months of inventory compared to June. Sales volume was down 3.8% compared to last month but the supply ratio of listings vs. sales was steady. Sales were up 18% compared to July 2018. Average days on market for listings has crept up a little to 44 days (vs. 39) and sold listings also took a little longer with 29 days on market (vs. 27). This overall market snapshot does not truly reflect our market conditions: we are continuing to see an increase in demand and lack of supply of condos and a steady demand of detached homes under $1M. Demand for luxury condos and homes continues to falter and inventory is growing.

Single Family homes for sale

Detached: Sales volume

Things to do in Victoria

One of the many great things about living on Vancouver Island is the ability to hike out to incredible places like Mystic Beach | Juan de Fuca Marine Trail.

An hour out of Victoria is this beautiful part of the world. The Juan de Fuca Marine Trail is a rugged 47-kilometre wilderness hiking trail located within Juan de Fuca Provincial Park along the southwestern coast of Vancouver Island. The trail stretches from China Beach, 35 km west of Sooke, to Botanical Beach, just outside Port Renfrew. Panoramic views of the coastline, Juan de Fuca Strait and the Olympic Mountains can be seen from many points along this rainforest trail. Lucky are those who spot a pod of whales, but it is not uncommon to view sea lions, bald eagles,

A lukewarm spring comes to an end for the Victoria Real Estate market

A total of 740 properties sold in the Victoria Real Estate Board region this June, 4.5 per cent more than the 708 properties sold in June 2018 but a 12.7 per cent decrease from May 2019. Sales of condominiums were down 6.1 per cent from June 2018 with 216 units sold. Sales of single family homes increased 10.4 per cent from June 2018 with 394 sold.

*IF you would like to see more specific graphs like the ones above, please don't hesitate to ask.

“June has trended lower than May for the past few years and tends to signal the end of the active spring market," says Victoria Real Estate Board President Cheryl Woolley. “The summer months of July and August generally see less activity

Living on the West Coast

Welcome home to Cordova Bay. Sited on a 16000 sqft lot, this Cordova Bay home for sale is a wonderful family home nestled back from the road in amongst mature Cedars.

Victoria Real Estate has been a staple of the economy in BC and this Cordova Bay home for sale stands in a pretty special location. The home has 4 bedroom and 3 bathrooms with the master on the main floor with ensuite & a second bedroom. Many people today are looking for one level living in the event of bad knees or heart issues, so having the master on the main is a desirable feature.

Hardwood floors through the main portion of the home, updated kitchen with great access to west facing patio for dinners outside. A generous living room allows for separation from

Live on a Float Home

Living in style on the water has never been more affordable. Introducing "The Swan". Renovated at Fisherman's Wharf to accommodate a fabulous west facing deck off the new living space with lofted ceilings and a glass wall this float home will not disappoint! New hardy back plank siding, new plumbing throughout upstairs and downstairs, New potlights and lighting throughout.Stainless appliances with maple millwork in kitchen and granite countertops. 2 custom propane fireplaces. Flooring included acacia engineered hardwood+maple & mahogany. Hot water on demand, laundry & full bath. Sliding barn doors Metal roof as well as new billets flotation for an added 8000 pounds of weight bearing. Parking included in your service fee. Minutes

Victoria West Townhouse for sale | Victoria Real Estate

Victoria West Townhouse

Vic West is ideally located for access to everything you desire. A short walk, bike or drive to downtown, this pet friendly, southwest facing end unit is perfect for growing families or those with pets. The private patio is a gardeners oasis and a peaceful space to relax at the end of a busy work day. A good size kitchen and living area on 4 levels provide both privacy for you and your family along with space for your pets. You can walk out your door to End unit townhouse located in a quiet family oriented complex.You will appreciate all that Victoria has to offer here with close access to parks, trails, french and english schools and the Songhees walkway. The spacious

The Victoria real estate market’s return to balance not linear, but also not unexpected

November 1, 2018  A total of 598 properties sold in the Victoria Real Estate Board region this October, 9.9 per cent fewer than the 664 properties sold in October of last year, but a 12.2 per cent increase from September 2018. Sales of condominiums were down 15.5 per cent from last year in October with 180 units sold, but up 20.8 per cent when compared to September 2018. Sales of single family homes were down 14.7 per cent from 2017 with 289 sold this October, 1.4 per cent more than the previous month.

Single Family Average List Price for the month of October

"We continue to see the housing market shift into a more balanced state, though the trajectory is not