Things are already heating up in Langford, Colwood, Saanich and Victoria with new listings and competing bid situations. Top Victoria Homes has already been flooded with calls for Market Assessments and New Buyers both from Victoria and Vancouver.

 

Eventhough it's a seller's market, not all homes are selling. It is important to price you home correctly and have an expereinced and professional Realtor to market your home to ensure it has the widest exposure to get you top dollar for your home.

 

We have already seen sought after properties selling for over $80k more than list price. It is important for buyers to do their homework. Make sure you can afford the home you are looking for and that the bank has given you a certified pre-approval.

 

For homes that have a delayed offer situation, it is important to use the preceeding days wisely. Have you bank do an appraisal and get a pre-inspection so you can go into a competing bid situation with all your ducks in a row and minimal to no conditions on your offer.

 

There are all sorts of new ideas to help with the "Colwood Crawl" A potential bid for a new Ferry between Royal Bay and Downtown Victoria, the McKenzie Interchange is progressing well and a lot of new constuction and road improvements are in the works.

 

Contact Mimi for more information on the current Real Estate Market and if it's time for you to buy or sell.

 

250-889-5553

info@mimiaktes.ca

 

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Welcome to the New Year. Langford and Colwood has grown leaps and bounds in the past 5 years. Developments have been booming with Bear Mountain and Royal Bay at the helm.

 

Property Assessments increased for most homes over 20% in the CRD and Surrounding Areas. 

 

New Road Construction and Shopping Centers are in the works everywhere you look. Langford has everything your heart desires. Millstream Shopping, Westshore Mall, Costco, Best Buy, Staples, Boutique Shops and Services Galore.

 

Langford is known as one of the best places to raise a familly. Juan de Fuca Park, Eagly Ridge Commmunity Centre, Family Fun Park, North Langford Recreation Centre, West Shore Parks and Recreation Society, Westhills YMCA and so many more places to enjoy.

 

Goldstream Park and Thetis Lake are amazing spots to hike, and enjoy the beautiful nature that Vancouver Island boasts.

 

The Nicklaus Golf Course at Bear Mountain has hosted teh PGA Gold Tournaments the past two years, bringing in a whole new level of patrons to Langford.

 

2018 is an exciting year for real estate and career growth in the Westshore of Victoria. Langford, Colwood, View Royal, Highlands are among the fastest growing sectors of the CRD.

 

 

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I have sold a property at 2384 Fleetwood CRT in VICTORIA.
Spacious, private home nestled in Nature. Boasting 4000 sq feet of living space. 3 levels with 8 bedrooms. Large 2-3 bedroom in-law suite with potential to be legal suite. Open concept close to all amenities including Lakewood School, Costco, Groceries, Restaurants and more. Natural Gas Fireplaces, spa ensuite for the master bedroom, large spacious rooms throughout the home. Accepted Offer in Place conditions due off on Jan 22nd.
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Victoria Real Estate Market Inventory Edges Up, Sales Still Constrained

May 1, 2017 - "The numbers we saw in April are a further indication that the market is gradually moving towards a more balanced state compared to the record setting pace of 2016." says 2017 Board President Ara Balabanian.

A total of 885 properties sold in the Victoria Real Estate Board region this April, 31.2 per cent fewer than the 1,286 properties sold in April last year. The ten year average for sales in April is 772 properties.

"We are starting to see hints of a more traditional spring market. Local agricultural production has been delayed due to the late spring, and so has the local real estate market," adds President Balabanian, "More sellers listed their homes for sale over the month of April compared to the month previous."

There were 1,690 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of April 2017, an increase of 8.6 per cent compared to the month of March, but 34.8 per cent fewer than the 2,594 active listings for sale at the end of April 2016.

"Inventory is still low, which means that buyers may encounter multiple offer situations in some of the high demand areas - there is still more demand than supply," adds President Balabanian.

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in April 2016 was $684,900. The benchmark value for the same home in April 2017 has increased by 17.6 per cent to $805,100.

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 1,360 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.

View our press release and summary here.

View our complete statistical package here.

 

For More Information

Victoria Real Estate Board 
Denise Hogue, Communications Manager

Phone: 250-920-4652