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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I have listed a new property at 305 150 Nursery Hill DR.
Investor Alert! Top Floor - Open Concept, 2 bedroom, 2 bathroom condo built in 2013 in the desirable Thetis Edge Complex. Close to all amenities, east commute to Victoria or Westshore. Steps away from Thetis Lake Park and Galloping Goose Trail. Stainless Steal appliances in a chefs kitchen. In-Suite Laundry and Secure Underground Parking with a large storage unit, bike locker and more.
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I have listed a new property at 305 150 Nursery Hill DR.
Investor Alert! Top Floor - Open Concept, 2 bedroom, 2 bathroom condo built in 2013 in the desirable Thetis Edge Complex. Close to all amenities, east commute to Victoria or Westshore. Steps away from Thetis Lake Park and Galloping Goose Trail. Stainless Steal appliances in a chefs kitchen. In-Suite Laundry and Secure Underground Parking with a large storage unit, bike locker and more.
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I have sold a property at 305 150 Nursery Hill DR.
ACCEPTED UNCONDITIONAL OFFER IN PLACE. NO FURTHER SHOWINGS. THANKS FOR YOUR INTEREST. Quiet top floor, rentable 2013 built 2 bedroom/2 bath condo in beautiful Thetis Edge complex, adjacent to 13 acres of peaceful parkland. This is a fantastic, sought after location in Westshore and just minutes to the Galloping Goose trail, Thetis Lake Park, world class golf courses and more! Features open concept living space w/ lots of natural light, premium laminate flooring, and walk out from living area to oversize deck. Offers gourmet kitchen, stainless steel appliances including dishwasher, large view windows, tile floors, in-suite laundry & electric fireplace. Secure underground parking, large storage unit, bike locker room & cooperative recycling.
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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