Real Estate Blog

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

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Victoria Real Estate

Victoria Real Estate Market Continues to Stabilize A total of 533 properties sold in the Victoria Real Estate Board region this September, 16.7 per cent fewer than the 640 properties sold in September of last year, and a 10.3 per cent decrease from August 2018. Sales of condominiums were down 30.4 per cent from last year in September with 149 units sold. Sales of single family homes were down 9.2 per cent from 2017 with 285 sold this September.

Victoria Single Family home Stats for September

 

Victoria Condo Sales & Stats for September

Victoria Townhome Sales & Stats for September

Summary

“This year’s housing market has continued to behave as we’ve expected, moderating after the record setting pace of 2016 and

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Victoria's Real Estate Market Simmers at the End of Summer

September 4, 2018  A total of 594 properties sold in the Victoria Real Estate Board region this August, 19.3 per cent fewer than the 736 properties sold in August of last year, and an 8.8 per cent decrease from July 2018. Sales of condominiums were down 5.3 per cent from last year in August with 195 units sold. Sales of single family homes were down 22.1 per cent from 2017 with 304 sold this August.

"Prices in our market are quite flat right now, with a slow, long-term trend toward a more balanced market," says Victoria Real Estate Board President Kyle Kerr. "Listings have remained relatively static for months after an initial increase last spring. However, this plateau has included more high value

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Golf Course Lifestyle & Living

Embrace the West Coast with this exceptional home.

Show me the price!
Bear Mountain Retreat

**$60,000 Golf Membership included in price!

Sited perfectly at the end of a cul-de-sac with unobstructed views and privacy on the 18th fairway and green of the included membership at Bear Mountains Jack Nicklaus designed golf course. Victoria Realtor Stephen Foster takes the viewer through this Bear Mountain Real Estate for sale.Hedgestone Lane

The home was designed and crafted with a discerning eye and care, the residence boasts 3388 sqft of curated living space. The 3 bed, 4 bath home with office and guest accommodation with extra kitchen, has been spared no expense in the details. 12' ceilings dominate the entry.Whitewashed oak

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322 Plaskett Place | Waterfront Property for Sale | Victoria BC

322 Plaskett Place is a rare combination of four high value elements in today’s Victoria; an protected waterfront location, a estate sized lot , a gracious single family dwelling and a short commute to the downtown core. 

The Location

Set back on a no-through road and nestled between Macauley Point and Saxe Point park, it is a 10 minute walk to shopping, restaurants, cafe’s, groceries and the brand new Esquimalt recreation center. Launch your boat for sight seeing or fishing right next door at the Esquimalt Anglers Association at Macauley Point Park.  Downtown Victoria is a 10 minute drive or bike to the inner harbour and the vibrant culinary and cultural downtown core.

The Property

The

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Victoria Market Report

June 1, 2018  A total of 755 properties sold in the Victoria Real Estate Board region this May, 25 per cent fewer than the 1,006   properties sold in May of last year, and a 2.5 per cent decrease from April 2018. The sales of condominiums were down 17.4 per cent from last year in May with 237 units sold. Sales of single family homes were down 23 per cent from 2017 with 406 sold this May.

"It's no surprise that our current market is very different than it was last year," says Victoria Real Estate Board President Kyle Kerr. "Due to recent changes in mortgage qualification rules, many buyers' purchasing power has been reduced. Unfortunately, in our area we have one third fewer single family homes for sale under $750,000 when compared to

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Outside Influences Impact Spring Real Estate Market in Victoria

A total of 688 properties sold in the Victoria Real Estate Board region this March, 25.9 per cent fewer than the 929 properties sold in March last year, but a 26.2 per cent increase from the month previous. The sales of condominiums were down 28.2 per cent from last year in March with 211 units sold. Single family homes were 30.8 per cent down from the year previous, with 337 sold this March.

"As we expected, March sales are tracking lower than in 2017," says Victoria Real Estate Board President Kyle Kerr. "This is likely due to a number of factors that have created hesitation in consumers, including recent heavy measures by the provincial government to reduce the value of home prices and
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Victoria Homes for Sale

Victoria Real Estate Market Adapts to Changing Policy Landscape A total of 545 properties sold in the Victoria Real Estate Board region this February, 19.3 per cent fewer than the 675 properties sold in February last year. The sales of condominiums were down 15.5 per cent from last year in February with 174 units sold. Single family homes were 24.4 per cent down from the year previous, with 260 sold this February.

“We certainly anticipated that we would see some lower numbers this year compared to last,” says Victoria Real Estate Board President Kyle Kerr. “Right now prospective home buyers are met with many hurdles as they start shopping for their new home. They’re in a market that’s experienced long-term low inventory, which

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Victoria Real Estate

February 1, 2018  A total of 431 properties sold in the Victoria Real Estate Board region this January, 9.8 per cent fewer than the 478 properties sold in January last year. The sales of condominiums were down 30.6 per cent from last year in January - with 118 sold. Single family homes were 4 per cent down from the previous year, with 215 selling in the first month of 2018.

Homes for sale

"We expected January to be a bit slower after the increase in activity we saw in November and December, which was likely due in part to buyers entering the market early to avoid the new mortgage stress test," says 2018 Victoria Real Estate Board President Kyle Kerr. "We have yet to see the full effect of the stress test, as many people attained a

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