Real Estate Blog

What happened in August?

A total of 736 properties sold in the Victoria Real Estate Board region this August, 16.6 per cent fewer than the 883 properties sold in August last year.

"I admit to being a little surprised by the August numbers," notes Victoria Real Estate Board President Ara Balabanian. "I expected inventory numbers to be climbing by now, but instead we've seen even lower numbers of listings on the market. This is likely leading to some buyer fatigue along with pressure on pricing in high demand areas."

There were 1,917 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2017, a decrease of four properties compared to the month of July, and 8.5 per cent fewer than the 2,094 active

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James Bay is nestled into the southwest region of downtown Victoria and is home to charming Victorian and Edwardian character homes. “It’s the oldest residential neighbourhood on the West Coast of Canada, (source),” making it rich with history and diversity. This lovely neighbourhood is surrounded by water on three sides; Victoria Harbour to the north and west, and the Strait of Juan de Fuca to the south. Beacon Hill Park also provides a green border to the east. These attractions lend themselves to a wide array of tourism opportunities. Everything from horse drawn carriages to the vibrant Fisherman’s Wharf can be enjoyed year round.

History: Historically, James Bay was home to the Swenghwung First Nations who belong to the Lekwungen people of the

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Victoria is home to not only some of the best restaurants to grab a glass but also provides some incredible local wineries to tour and enjoy. “A cluster of Vancouver Island wineries are just a short drive north of Victoria along the Saanich Peninsula. Idyllic farms, dramatic ocean views and arbutus trees provide the backdrop for wineries here, (source).” Victoria’s climate is temperate all year round making it ideal for a variety of different growing seasons. “The Saanich Peninsula’s mild temperatures and fertile land produces fruity whites such as Pinot Gris and medium-bodied reds such as Marechal Foch. Pair wine with cheese from Salt Spring Island, Qualicum Beach and the Comox Valley or try locally caught Vancouver Island seafood, (source).” Below are

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Brentwood Bay is a small idyllic neighbourhood in the municipality of Central Saanich, which is nestled on the Saanich Peninsula. It lies north of Victoria and south of Sidney on the southern tip of Vancouver Island. “Previously named Slugget, after pioneer John Sluggett who settled in the area in 1876, the village of Brentwood Bay was given the rather more appealing name in 1925. Brentwood Village takes its name from the English town of Brentwood in Essex, home town of R.M. Horne-Payne, president of the British Columbia Electric Company in the 1920s, (source).” The Brentwood Bay-Mill Bay ferry is also a convenient 25-minute route across the Saanich Inlet for those travelling to or from the Swartz Bay terminal and destinations north of

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Market Report June 2017

"This year may feel a bit steady and less exciting when compared to last year's record-breaking market. People are getting used to this new tempo of brisk sales," says 2017 Victoria Real Estate Board President Ara Balabanian. "However, when we look at the longer term numbers, we're in a very active market. This June we counted over one thousand properties sold, while the ten year average for sales in the month of June is 798. If we remove 2016 sales, this June would have been the record breaker."

Victoria Real Estate stats

A total of 1,008 properties sold in the Victoria Real Estate Board region this June, 14.1 per cent fewer than the 1,174 properties sold in June last year.

There were 1,915 active listings for sale on the

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Broadmead in the Past

The Broadmead area of Victoria, B.C is now home to some of the more desirable lots and amenities within Victoria. “One of the best characteristics of Broadmead, is its unique residential community full of homes within a naturalistic West Coast setting as envisioned by its original developers,(source).” Broadmead’s history wasn’t always this pretty and took some blood, sweat and tears to get it to where it is now. “Broadmead’s history comprises a varied mix of hard work, horses, rifles, religion, burial grounds, famous battles and war veterans, with an Emily Carr vision thrown in for good measure, (source).” Broadmead’s history traces back to the 1880s where it was simply forestland and a large extension of the

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660 Cain Rd

Sequestered in the warm, sandy & safe sheltered Cain beach lies this 3 bedrooom 3 bathroom fully renovated Gulf Island getaway home. Completely renovated by celebrated local custom builder Hunterston Homes, featuring engineered wide plank oak flooring, Artisan milled oak used for built in storage, railings & accents. Heated porcelain tile floors, quartz countertops & undermount sinks, heated towel bars with custom fixtures in the new spa inspired bathrooms. New concrete approaches to house & outdoor terraces allow for wheelchair accessibility. Beachside sunroom & lower library take full advantage of the 158 ft of unobstructed water frontage. Located in walking distance from the ferries and shops of Galiano Island it makes for the perfect home

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Distinguishing from what you want and what you really need in your new home can be incredibly tricky since emotions run high and can cloud your judgment. When prospective buyers come to me for assistance, two of the major questions I ask before we go out shopping together for houses are:

1: What do you want?

2: What do you need?

These two areas are major and often can provide a lot of insight into what kinds of houses I’m going to pull for my clients and also provide them with what they truly need. Couples, unsurprisingly, frequently have very different ideas of what they both want and need. Laying it out plain and simple not only shows prospective clients what they’re looking for but also means there’s less surprises. This also works in my advantage

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3955 Burchett Place | 4bed 2.5 Rancher | Cadboro Bay Queenswood

Elegant one level living in Queenswood/Cadboro Bay. This quiet cul-de-sac is in walking distance to the quaint village & white sandy beaches of Cadboro Bay. Walking in from the private SW patio, the 4 bed,2.5 bath 2627 sqft home features generous 36" wide openings onto new white oak hardwood floors throughout. Recent updates to this home include custom millwork in all rooms with sourced hardware to match. New windows along with Kolbe sliding french doors from the living and kitchen areas open to the backyard oasis with basalt stone rock water feature and gas firepit. Solid hardwood doors, rift & quartered white oak vanity & powder room features, along wth quartz countertops. Professional

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Victoria’s craft spirit scene is booming and hosts some of British Columbia’s finest small, handcrafted batches of premium liquor. “The number of local distilleries has exploded in recent years as changes to BC liquor laws have allowed small and medium sized distillers to set-up shop and sell their products directly from the distillery in on-site lounges and tasting rooms, (source).” As the building blocks of a fantastic cocktail, spirits are the backbone that bartenders and fanatics alike rely upon to make the perfect drink. “As opposed to huge corporations like the Beam Inc. from the US (Maker’s Mark, Jim Beam, Canadian Club) or Diageo from the UK (Smirnoff, Ketel One, Crown Royal), craft distilleries produce small runs of artisanal spirits with their

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