December 1, 2015, Victoria BC - Victoria Real Estate Board President Guy Crozier confirms that November was another busy month for the popular Victoria real estate market. "Holding true to the theme we've seen throughout the year, the Victoria market had another great month of sales, with numbers exceeding those from the same time last year." 

A total of 573 properties sold in the Victoria Real Estate Board region this November, an increase of 23.2% compared to the 465 properties sold in the same month last year.

There were 2,952 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November, 18.7% fewer than the 3,631 active listings at the end of November 2014. 

Crozier notes that prospective sellers may want to take advantage of the current market conditions. "One thing I can say about the market right now is that due to lower inventory levels, this is the best time in the past ten years to list a house. Demand from buyers in most areas is up, but inventory continues to decrease on a year over year basis. The good news for buyers is that pricing remains competitive and there are new listings coming onto the market every day."

What does Crozier recommend buyers and sellers keep in mind as the year comes to a close? "There are real estate microclimates in Victoria. Different areas have different levels of demand and ability to meet that demand. Though properties are selling everywhere, what to expect in terms of value and time to sell may differ depending on your area and the type of property. Now more than ever it's important to work with a REALTOR® to understand the market and track the activity." 

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core last year in November was $558,600. The benchmark value for the same home in November 2015 has increased by 9% to $608,600.

More information on the November 2015 report and the Multiple Listing Service® Home Price Index is available from the Victoria Real Estate Board, at vreb.org.

OPEN HOUSE Nov 22nd 1-3pm

Listed at $649,000

An Executive Town Home beautifully appointed located in a quiet Hill Top Neighbourhood! Gorgeous features incl: open gourmet kitchen w/ granite counters; gas range in eating bar/island; built-in convection & microwave; sun tubes; & SS appliances; 9 ft ceilings w/ pot lights, cherry hardwood flrs; in floor radiant heating; Large main-level master bed w/ sumptuous ensuite; forest & some ocean views. Main also has: formal dining room; gas fireplace; washer/dryer, patio in front; deck w/ woodland & some ocean views; gas hook up for BBQ; double garage. Lower level has two large bedrooms w/ views, study/guest bed & large crawl space up to 6'4" high. Pet Friendly. New Royal Bay Sec. School/Com. Arts Center opening nearby!

#303-1680 Poplar Avenue

Listed at $209,000

OPEN HOUSE: SAT NOV 21st 1-3pm!

Come see this beautiful and peaceful Top Floor, corner, 2 bed suite! There's much to love here, including: new paint; marble entrance and bathroom floor; large living room; 9 foot ceilings; bright window-lit dining area; tall closets; brand new flat-top stove & hood fan; new kitchen floor; newer fridge; new LED kitchen lighting; dishwasher; SS double sink; new carpet in bedrooms; entertainment-size balcony with garden view; extra storage & parking spot. This friendly adult building offers: pool; hot tub; sauna and hobby room, lots of visitor parking. Well maintained strata with Depreciation Report. Heat & Hot water included in strata fees! In this vibrant area enjoy easy access to shops, sushi, Fairway Market, restaurants, Mt. Tolmie, UVic, bus routes, & much more! 

Listed at $259,000

Open House; Sun Nov 15th 1-3pm

Bright, quiet, 2 bed 2 bath South & East facing, lovingly renovated corner suite with ocean view! New additions include: wood trim, full-size washer/dryer, fridge, countertops, bathroom tile, carpets, bedroom blinds, sunblock shades, light switches, baseboard heaters, paint, taps, sinks, toilets, etc, etc. Also features durable warm-for-the-feet, hardwood faux-tile flooring, newer hot water tank, newer easy-open windows, 3 ceiling fans & wall mounted TV in Master. Vibrant neighborhood close to Esquimalt core, Downtown, schools and West Bay seaside boardwalk. Quiet, private south-side balcony views Ogden Pt, cruise ships & mountains. Enjoy great vistas on the common rooftop deck! Building is small (24 suites), friendly & well-managed. Pet Friendly.

MLS#356998

Thank you to my wonderful friends and clients who made this possible, Rosemarie

November 2, 2015, Victoria BC - The Victoria Real Estate Board today released its report on real estate activity for October 2015. A total of 734 properties sold in the Victoria Real Estate Board region this October, an increase of 21.9% compared to the 602 properties sold in the same month last year.

There were 3,170 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October, 19.3% fewer than the 3,927 active listings in October 2014. 

"This is the twenty-ninth month in a row that we've seen monthly sales increase over the year before," Victoria Real Estate Board President Guy Crozier says. "This month we also saw sales numbers surpass the total for last year - in 2014 there were 6,698 sales and as of October 31, 2015 there are 7,257 sales on record with two months to go in 2015! We're looking down the home stretch of 2015 and there is no sign of a market slow down." 

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core last year in October was $555,900. The benchmark value for the same home in October 2015 has increased by 9.4% to $608,200.

What's President Crozier's advice to buyers shopping for their perfect home? "It's critical to work closely with your REALTOR® to stay on top of the market. With home sales almost at the pace of new listings, the market is moving quickly and some homes in high demand areas like the Victoria Core are selling in days. Working with your Realtor on a plan of what you require over the course of the transaction can remove stress and risk from the process."

OPEN HOUSE SUNDAY NOV 1st 1-3PM! 

#7-3650 Citadel Place, Victoria

Listed at $649,000

MLS#355688