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Real Estate in Colwood

The City of Colwood is located on the coast of Vancouver Island, just southwest of Victoria. As a fast growing and family-friendly community, Colwood has become an increasingly popular place for home buyers to invest in. This waterfront community has a unique connection to nature and incredible opportunities in real estate. 

 

Set amongst some of the most beautiful parks and trails on Southern Vancouver Island, there is no better place to work, live, and play, than Colwood. Colwood proudly preserves well-visited historic sites and heritage buildings including Hatley Castle at Royal Roads University, Fisgard Lighthouse, and the St. John Baptist Church. The growing city has many upcoming opportunities for real estate, businesses, and community growth. With the new state-of-the-art Royal Bay Secondary School, and the new developments along the Royal Bay waterfront, Colwood has become the perfect place to raise a family. 

 

There are more than 500 businesses in Colwood, making it an easy place to shop for all of your amenities. “Employment opportunities are projected to increase by 83.7% in Colwood by 2038 as the population grows and businesses in the nearby City of Victoria look to expand and diversify.” With a growing number of employment opportunities, population, and businesses, the real estate in Colwood is only going to become more valuable and sought-after. 

 

Colwood is home to a wide variety of luxury waterfront properties, as well as suburban living, rural and town residential options, and condominium homes. Acreage lots are popular in Colwood, and may encompass inviting possibilities for business and residential development. 

 

If you’re looking for west coast country living, or a luxury waterfront lifestyle, Colwood provides both without sacrifice or inconvenience. Colwood is just 10 kilometres up the road from BC's capital city of Victoria and less than 40 km from the Victoria International Airport and the BC Ferries Swartz Bay Terminal. 

 

If you are interested in buying or selling in the area of Colwood, contact me today to explore your options. 


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David on Jun 1, 2017 2:55 PM
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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