SOLD!

Today is a great day for our Sellers as this wonderful Burnside, Victoria listing is now officially off the market! We can’t wait to show you the beautiful home they will be headed to for the next chapter of their lives .

We can leverage our skills in pricing & marketing to get your home sold fast. Call us today and find out how we can help you 250-592-4422⠀

Greater Victoria Market Update October 2020

Call or email us if you'd like to know more! You are about to complete the biggest transaction of your life; let us help you to make sure this is done right!

Whether buying or selling, we are dedicated to treating your transaction with the utmost of care and trust. 

Victoria Real Estate Market continues to outperform in unpredictable times:

November 2, 2020 A total of 990 properties sold in the Victoria Real Estate Board region this October, 59.9 per cent more than the 619 properties sold in October 2019 and 0.1 per cent more than the previous month of September 2020. Sales of condominiums were up 70.8 per cent from October 2019 with 304 units sold. Sales of single family homes were up 53.1 per cent from October 2019 with 487 sold.

"Once again, another month concluded with numbers that surprised many of us," said Victoria Real Estate Board President Sandi-Jo Ayers. "Sales for October broke the record for the month and inventory continues to be snapped up quickly. Due to this high demand, low supply environment, we are seeing many multiple offer situations. Condos and single family homes both continue to be popular choices for buyers."

There were 2,122 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2020, 19.7 per cent fewer properties than the total available at the end of October 2019 and an 11.2 per cent decrease from the 2,389 active listings for sale at the end of September 2020.

"We have mentioned previously the pent-up demand - how sales that were depressed over the spring because of the pandemic occurred later during the summer. These delayed sales resulted in higher than average numbers for our summer and early fall market," adds Ayers. "We may also be seeing some brought-forward demand - where people are making their future moves now. In part this may be to take advantage of lower mortgage interest rates. It may also be because of our current public health situation. Some people may be anticipating a slow down in general activity over the winter months due to the course of the pandemic and so are accelerating their plans. This may mean continued heightened sales activity through the fall and early winter, which is contrary to our normal market trend. In a normal year, we would see a tapering off of activity leading to the winter season, but thus far we have seen sustained sales and demand through October. Check in with a local REALTOR® to ascertain the to-the-minute market environment if you are considering buying or selling a property."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in October 2019 was $859,900. The benchmark value for the same home in October 2020 increased by 2.3 per cent to $879,600, virtually the same value as listed in September. MLS® HPI benchmark value for a condominium in the Victoria Core in October 2019 was $512,500, while the benchmark for the same condominium in October 2020 remained close to last year’s value at $512,300, 0.3 per cent more than the September value of $510,600.

About the Victoria Real Estate Board - Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,382 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market.

Read the Complete Stats Package Here

Victoria BC Home for Sale - SOLD!

Congratulations to our First Time Home Buyers who secured this awesome Victoria home backing onto the Galloping Goose Trail! We can't wait to hand over keys to their new home in just a few short weeks!

JUST SOLD IN VICTORIA, BC!

Today was a great day & we are OVER THE MOON with happiness for our Seller!

MLS # 857064

203 909 PENDERGAST ST
VI FAIRFIELD WEST V8V 2W7

LISTED AT $295,000

Greater Victoria Market Update September 2020

Call or email us if you'd like to know more! You are about to complete the biggest transaction of your life; let us help you to make sure this is done right! Whether buying or selling, we are dedicated to treating your transaction with the utmost of care and trust.

- Rosemarie & Tom

Consumer interest in homeownership in Victoria unwavering over course of pandemic

A total of 989 properties sold in the Victoria Real Estate Board region this September, 60.6 per cent more than the 616 properties sold in September 2019 and 1 per cent more than the previous month of August 2020. Sales of condominiums were up 26.7 per cent from September 2019 with 280 units sold. Sales of single family homes were 91.9 per cent from September 2019 with 539 sold.

"Another month has passed where we have seen surprisingly high sales numbers - which included quite a few higher end properties," says Victoria Real Estate Board President Sandi-Jo Ayers. "I don't think that anyone who was trying to predict market outcomes in our area over the course of the pandemic expected that the pent up demand from dampened sales in April and May would result in this level of market activity. There's no doubt that buyers are extremely motivated and this increased demand, coupled with limited inventory, fueled the September market."  

There were 2,389 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2020, 15.4 per cent fewer properties than the total available at the end of September 2019 and a 7.5 per cent decrease from the 2,584 active listings for sale at the end of August 2020.  

"We had some much-needed new inventory enter the market over the course of September," adds Ayers. "But the supply has not been sufficient to outstrip the heightened demand. We continue to see multiple offers and pressure on pricing across many neighbourhoods. Looking forward, it is impossible to determine what our fall market will look like, but if the past couple of months are an indication, we may see higher seasonal numbers than we would have expected in a more predictable year. That said, since our situation can change in a blink, we cannot look at the past months as the start of a trend, but instead as a moment in our market during an unpredictable time."  

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in September 2019 was $849,100. The benchmark value for the same home in September 2020 increased by 3.5 per cent to $879,200, 1.1 per cent less than August's value of $889,200. The MLS® HPI benchmark value for a condominium in the Victoria Core in September 2019 was $512,500, while the benchmark value for the same condominium in September 2020 decreased by 0.4 per cent to $510,600, 0.6 per cent less than the August value of $513.900.

View the complete stats package here

100th Donation!!

Tom’s lifetime dedication to donating blood makes him OUR hero!

Did you know? 1 in 2 Canadians are eligible to give blood but less than 4% actually do. The demand for blood-related products like plasma and platelets grows annually and becomes challenging to meet. Currently, #CanadianBloodServices is experiencing an insufficient number of blood donors and is at risk of becoming unable to provide treatment to many patients in need. Someone requires blood every 2 seconds, and you can become their hero! ♥️⠀

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We are so proud of you, Tom!

We received a lovely comment from @canadaslifeline : "Thank you very much for sharing this amazing milestone, and Congratulations Tom on your 100th donation. It is truly an inspiring achievement, that has helped improve the lives of countless Canadian patients. We are deeply honoured to have such giving and dedicated donors like Tom, and appreciate all your continued support. Together, we are Canada's Lifeline - MM"