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Posted in condo, housing market, victoria condo market 2019

I keep getting asked what will happen to the Victoria Condo Market in 2019. The simple answer is nothing. If you look at condo prices in Victoria ( that is the price per square foot ) we are still undervalued compared to the rest of Canada. Plus!  the market in Victoria has  similar rental rates compared to major cities in Canada.


No one has a crystal ball to forecast exactly the condo market, but we do know that in the longtern , the prices are always upward trending.


There is no place on earth like earth. Invest in it!


Talk soon :-)


Shirin 

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SHIRIN PUREWAL BC HOME GROUP View this email in your browser Victoria Real Estate Newsletter

VREB market statistics for August released to media

Victoria real estate summer sales and inventory levels follow historic patterns

A total of 661 properties sold in the Victoria Real Estate Board region this August, 11.3 per cent more than the 594 properties sold in August 2018 but a 6.4 per cent decrease from July 2019. Sales of condominiums were up 4.1 per cent from August 2018 with 203 units sold. Sales of single family homes increased 15.5 per cent from August 2018 with 351 sold.

"August could be considered a status quo month for real estate in greater Victoria with entry-level homes selling quickly when priced appropriately, and higher-end properties moving at a slower pace," says Victoria Real Estate Board President Cheryl Woolley. "As expected, we've seen relatively stable pricing, with an uptick in sales - particularly single family homes. Unfortunately, summer has been accompanied with a slowing of new inventory coming onto the market, which suggests it is a good time for prospective sellers to consult with their REALTOR® about selling in the fall market."."...Read More

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House Hunting

Thinking of selling? Here's what my clients are currently looking for!

- Fixer upper in Victoria, Langford, or Saanich - Under $650,000
- 2 Bedroom 2 Bath Condo in Saanich & surrounding areas under $450,000
- Homes in Saanich with a rental suite up to $750,000
- 2 Bedroom Condo Westshore up to $420,000
- Condo in Bear Mountain up to $425,00
- Home in Bear Mountain up to $850,000
 

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Market News

Anthem expands Victoria portfolio; buys strategic site

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Region’s real estate prices, sales, inventory drop off during August

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Home & Garden Tips

Spring tips from a Sask. expert to help your garden grow

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Testimonials

"Shirin was wonderful to work with. She listened to our expectations for selling, helped formulate a plan and sold our house in record time! We found her very professional!"

- Lisa Sykes

"I've had AWESOME experience working with Shirin as my Realtor. We left our home in Toronto in Dec 2016 and took a bold step in buying a house in Victoria in April 2017 but knew no one here. She communicated with my whole family about differing needs staying in constant contact with important information - both basic and complex stuff. She listened in terms of adapting to our needs from understanding our time frame to giving references/contacts to sharing local knowledge honestly. She is hardworking, technology savy, detailed oriented, tenacious!."

- Anjan Chhetry

Please click here to see more testimonials!

"When it comes to buying, insuring you make the right decision is my priority and I have your long term, best interest at heart. If something is not right for you, I will tell you, straight. When it comes to selling, I take marketing to an entirely new level. Call me to find out how!"
- Shirin Purewal
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