Real Estate Blog

Market Report Victoria June 1,2020

June 1, 2020 A total of 457 properties sold in the Victoria Real Estate Board region this May, 46.1 per cent fewer than the 848 properties sold in May 2019 but 59.2 per cent more than the previous month of April 2020. Sales of condominiums were down 55.7 per cent from May 2019 with 108 units sold. Sales of single family homes were down 42.9 per cent from May 2019 with 254 sold.

"Our market continues to respond to the current health crisis," says Victoria Real Estate Board President Sandi-Jo Ayers. "Activity in real estate right now echoes the activity in our broader community - as restrictions gradually begin to lift - so too have our sales and listings numbers. Of course, like any industry, we do not expect a sudden

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Westcoast Beaches

CURRENT STATISTICS

Victoria Spring market far from the usual as real estate continues to react to pandemic

May 1, 2020  A total of 287 properties sold in the Victoria Real Estate Board region this April, 58.8 per cent fewer than the 696 properties sold in April 2019 and 52.8 per cent fewer than the previous month of March 2020. Sales of condominiums were down 64 per cent from April 2019 with 73 units sold. Sales of single family homes were down 55.8 per cent from April 2019 with 163 sold.

"We continue to see the impact of the COVID-19 pandemic on the local real estate market," says Victoria Real Estate Board President Sandi-Jo Ayers. "Sales numbers are much lower than what we expected to see this spring and new listings are slow to come to market as

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North Saanich View home for Sale

Show me the price - West Coast Contemporary living

The architect

Originally designed by Architect Brian T.W.Morris, this west coast modern home is sited to capture spectacular views up the Satellite Channel across to Salt Spring Island and Cowichan Bay.

Brian’s approach for private residences focuses on the client’s needs and desires while carefully analyzing all aspects of the site and its surrounding context. The end result is a highly personalized home which fits well with the natural aspects of the site and makes people feel welcome, comforted and interested in their environment.

Brian was involved in all stages of this project and maintains a close working relationship with his clients throughout the design and

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Waterfront home

9314 Lochside Rd, North Saanich, BC V8L 1N6

Sitting on the shores of the Bazan Bay in North Saanich, this unique 2 bed 2 bath home Waterfront home for sale includes almost 10,000 sq ft of a private lowbank waterfront foreshore.

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Waterfront home

 

The waterfront home for sale has upgrades that include new electrical, plumbing, windows, oak flooring, quartz countertops & backsplash with mahogany shaker kitchen cabinets & a stainless appliance package. The bathroom features a custom teak cabinet as well as matching orange onyx sink and faucet along with infloorWaterfront homes for sale heat.

 

Most of the home was brought back to the studs to allow for the upgraded lighting as well as new insulation and an entire new room

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Victoria Real Estate Market wraps up a relatively flat year for home sales

A total of 402 properties sold in the Victoria Real Estate Board region this December, 7.2 per cent more than the 375 properties sold in December 2018 and a 30.3 per cent decrease from November 2019. Sales of condominiums were up 17.5 per cent from December 2018 with 121 units sold. Sales of single family homes increased 13.8 per cent from December 2018 with 198 sold.

A grand total of 7,255 properties sold over the course of 2019, 1.47 percent more than the 7,150 that sold in 2018. 2019 sales came in at slightly under the ten-year average of 7,413 properties sold.

“Overall, our market throughout 2019 can be characterized as still active, slow to grow and low in supply,” says 2019

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Waterfront Property

If you've dreamed of walking out your door of your Waterfront home in Victoria BC and soaking in morning sun on your own private dock while preparing over looking private dockfor a paddle on a protected inlet, look no further. This South facing waterfront home for sale in Victoria BC enjoys beautiful sun throughout the day onto an orchard like front yard with fruit bearing trees and private backyard waterfront oasis. A rare foreshore frontage onto affords the use private enjoyment of your own dock. You will feel at home in nature while also enjoying close proximity to downtown Victoria BC by car or bicycle.

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Waterfront home

Upper floor

Suite

 This waterfront home for sale in Victoria BC is fed by two salmon bearing streams and one of the

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Victoria Real Estate market impacted by low inventory, consistent demand

 

November 1, 2019  A total of 619 properties sold in the Victoria Real Estate Board region this October, 3.5 per cent more than the 598 properties sold in October 2018 and a 0.5 per cent increase from September 2019. Sales of condominiums were down 1.1 per cent from October 2018 with 178 units sold. Sales of single family homes increased 10 per cent from October 2018 with 318 sold.

"This month's overall numbers are very similar to the numbers we saw last year," says Victoria Real Estate Board President Cheryl Woolley. "It's interesting that last month we saw a large uptick in condo sales, but this month is fairly flat when compared to last year. This shows that we are not yet

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Strata Parking May Get Simpler

In its newest report (the “Report”), the British Columbia Law Institute’s formidable committee of strata experts (the “Committee”) recommends more changes to the Strata Property Act (the “Act”). If adopted, these changes will make it easier for a REALTOR® to confirm how strata parking is designated.

 
Background


Depending on the circumstances, a strata parking stall may be: 

  • a separate strata lot (except where intended to be used in conjunction with a residential strata lot); 
  • part of a strata lot; or
  • common property.

 

The Committee focused on projects where parking is part of the common property. Where a parking stall is common property, it may also be:  

  • used under a developer’s long-term lease or license
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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.

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Waterfront Condo for sale in Victoria

ThisPenthouse for sale in Victoria 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

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