Victoria Market Report

Limited inventory continues to be key in Victoria real estate market

A total of 474 properties sold in the Victoria Real Estate Board region this January, 26.6 per cent fewer than the 646 properties sold in January 2021 but an 8.2 per cent increase from December 2021. Sales of condominiums were down 13 per cent from January 2021 with 188 units sold. Sales of single family homes decreased 39.7 per cent from January 2021 with 179 sold.

“A cursory glance at our sales numbers could lead to the quick conclusion that our market is slowing down,” says 2022 Victoria Real Estate Board President Karen Dinnie-Smyth. “But what we must consider is not only the number of homes that have sold, but also the number of homes which were for…

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Victoria Market Report 2021

No change on the horizon for the Victoria real estate market

A total of 653 properties sold in the Victoria Real Estate Board region this November, 17.9 per cent fewer than the 795 properties sold in November 2020 and 12.3 per cent fewer than the previous month of October.

236 condominiums sold, 5.2 per cent fewer than in the previous month of October. 276 single family homes sold, 18.6 per cent fewer than in the previous month of October. "Strong demand for housing in our community continues to exceed the ultra-low number of listings of homes available for sale,” said Victoria Real Estate Board President David Langlois. “This demand creates competition and pressure on pricing and we continue to see home values notch…

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Renovation of a Historic home in Victoria

This past year, I helped clients purchase a beautiful home on Fort St in Victoria.  This section on Fort st is home to a variety of zones including; Residential, Multi family, Commercial and Office.

Originally a family home, over the past 130 years it has had several uses ( Real Estate Office, Care Home management to name a few)  Historic home renovation

The house required a major lift for these clients who were looking for a space to move their family wealth management business into.  The home had great interior features that needed some new love and planning.  Parking downtown was tough and at the very least, this site offered generous space for employees and clients.  

I thought it would be fun to take people on a journey…

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Multiple Offers!

  Tight housing market continues in February with relentless demand and low inventory. Demand has grown in all housing types and sales increased 36% compared to January with only a 3% increase in inventory. Prices were up 7% overall compared to January averaging 121% of assessed value. Median house price has increased from $710,000 to $746,000. Housing supply has again diminished, leaving us with only 1.2 months of inventory vs. 1.5 months in January and December. Not sure we can get more blood from this beautiful rock we live on.  

Sales stats for Victoria

Single Family Homes: We are down to a 0.9 month supply of single family homes with 314 sales and 296 listings; with an average of 9 days on market, most sales…

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Victoria Real Estate Market Report

Overall housing demand on the South Island remained at 1.7 months supply but with 20% less residential sales and 20% less inventory. November sales volume was approx. double that of November 2019 and that of November 2018. Average sales prices remained at 111% of the assessed value.  

Single Family Homes:

Detached home demand dropped only slightly from 1.4 months to 1.5 months of supply, with a 20% drop in sales and 16% drop in listings. Sales prices averaged 117% of assessed value which is up from 114% last month. Sales volume in Saanich East and in Sooke did not change, all other areas were down. The 1 week trend ending November indicates that the market is not slowing down just yet. By price,…

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Show me the price - Country LIfe

Country life. Welcome to the farm! 

Saanich farm for sale

 

Situated on a sun drenched 4.22 acres adjacent to Bear Hill Park on a no exit country road in Central Saanich. Backing onto Bear Hill l park with trails connecting to the Elk Lake Equestrian Center.

 

The house

 A completely renovated 3 bedroom 4 bathroom 2436 sqft home. 

The interior features include, travertine, engineered hardwood and hardwood  flooring throughout. The kitchen is a masterpiece with expansive granite counters offering multiple cooking and entertaining surfaces while using the professional series appliance package. Custom solid wood millwork throughout with reclaimed 100 yr old exposed fir beams. Each room has its' own ensuite with custom…

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Show me the price - Convenient Condo

Welcome to the Heart of Quadra Village. If you are in the market for a great condo located in one of the most up and coming neighbourhoods in Victoria, then look no further.

Show me the price - Convenient Condo

This 2 Bedroom, 2 bathroom home features in-suite laundry, a large west facing balcony with great light and good privacy from the natural screening of Cedar trees. A wood fireplace to take the chill off in the winter months and to top it off,is pet friendly! Both bedrooms enjoy large West facing windows onto green space.

Floor plans

 

 

 

 

The master has a sweet 2 piece bathroom with a huge closet that could even be used for a large ensuite if needed. Multiple closets and laundry in the…

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Show me the price - Waterfront Beauty

Waterfront Condo

What a wonderful location to watch a working harbour in the best city in the country! 2 Bed, 2 bath, with generous 10' ceilings on the top floor of this well managed and funded strata. Undeniably some of the very best waterfront views in the city are to be had from this top floor unit with a large patio on the water of the inner harbour of Victoria! Hardwood floors and lovely millwork in the kitchen with a new quartz countertop are excellent interior features of this well planned home on the water.

Show me the price - Waterfront Beauty

A large master with ensuite and multiple closets as well as water and mountain views from your bed. Barbecue your locally caught seafood on your…

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Show me the price - Pet friendly condo!

Vic West Condo for sale

Bright South West facing 1 bedroom home in a 2006 heritage conversion. This suite is one of only 3 units in this beautifully renovated home. Immediately noticeable are the 9’ ceilings, hardwood floors and bright living space. A large open plan kitchen with living/dining area features a custom wall unit with integrated electric fireplace anchoring the space, creating a warm and welcoming sociable hub.

Show me the price - Pet friendly condo!

Custom retractable screens on the double french doors opening onto the private sun-drenched patio allow for fresh air in the summer and shoulder seasons. 2 well established gardens - one at the private front entry, the other on the patio…

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Show me the price - Waterfront Paradise

Located in the Southern Salish sea only 60 minutes from Vancouver and Victoria by ferry you will find the bucolic paradise that is called Gossip Island.

The offer

These two waterfront lots are being sold together as a package. They share more than 160 ft. of low bank waterfront. 

 

 

Lot 41 is .67 acres and contains the main cabin (1725 sq.ft.), a workshop (380 sq. ft, a 2 stall carport and four top quality storage sheds. The workshop could also function as a guest cabin.

 Lot 40 is .75 acres and contains an auxiliary building (630 sq. ft.) a storage shed and an outhouse. Although the building is currently used as a gym with hot tub; it could easily be converted to a small cabin. This…

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