Archived blog posts for : October 2024

Open House. Open House on Saturday, October 12, 2024 1:00PM - 3:00PM Meet at front door or underground vistor parking door. Call/text number if not at lobby thanks

Posted on October 11, 2024 by Shirin Purewal

Posted in Es Old Esquimalt, Esquimalt Real Estate

Open House. Open House on Saturday, October 12, 2024 1:00PM - 3:00PM
Meet at front door or underground vistor parking door. Call/text number if not at lobby thanks

Please visit our Open House at 508 916 Lyall St in Esquimalt. See details here

Open House on Saturday, October 12, 2024 1:00PM - 3:00PM Meet at front door or underground vistor parking door. Call/text number if not at lobby thanks

OH Sat Oct 12 1-3 Spacious 1250 sqft sub penthouse with City, Water & Marina views 2 Bed 2 Bath 2 underground parking spaces & storage lockers. Finished with Hardwood Floors, Heated bathroom floors, extra large dual entry closets, Fisher Paykel Gas Cooktop/Oven, stainless range hood, paneled Blomberg fridge/freezer, dual pull out dishwasher, quartz countertops, glass backsplash, roller blinds. Both generously sized bedrooms offer large oversized windows to soak up the views and patio access with gas connection, water tap & 2 electric plugs. Unique Westbay Quay split Bedroom Floor Plan was created by combining 2 units by the developer, giving the option of dual primary suites. Mthly Strata fee includes gas, hot water. 2022 built Steel & Concrete construction with underground visitor parking, EV charging stations, bike/kayak storage, secure fob entry. Great location convenient to downtown, transit, recreation, shopping, and Marina. This is the West Coast lifestyle you dream about!

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Victoria Market Real Estate Statistics for September

Posted on October 3, 2024 by BC HOME GROUP

Victoria real estate market current conditions benefit buyers and sellers

A total of 571 properties sold in the Victoria Real Estate Board region this September, 15.8 per cent more than the 493 properties sold in September 2023 and a 4.8 per cent increase from August 2024. Sales of condominiums were up 21.9 per cent from September 2023 with 189 units sold. Sales of single family homes increased by 19.3 per cent from September 2023 with 272 sold.

“The real estate market in Victoria right now is much more stable and more predictable than it has been in recent years,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “We have seen a few solid months of near-balance in the market, which means it’s neither a seller’s nor a buyer’s market and positives exist for both sides of a transaction. With downward trending interest rates and stable pricing combined with more inventory on the market, our current conditions are the most comfortable for consumers to navigate that I’ve seen in a few years.”

There were 3,361 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2024, an increase of 5.3 per cent compared to the previous month of August and a 24.5 per cent increase from the 2,699 active listings for sale at the end of September 2023.

“In times of more balanced markets,” adds Chair Lidstone. “There is less pressure on pricing and more opportunity to take time to make big decisions on real estate. However, there are still situations where you can encounter competition. When the house, price and location are all highly desirable for buyers, we can see situations where there are competing offers. As always if you are thinking about making a move, connecting with a local REALTOR® to start building your strategy is advisable.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in September 2023 was $1,316,100. The benchmark value for the same home in September 2024 decreased by 2.8 per cent to $1,279,700, down from August’s value of $1,287,400. The MLS® HPI benchmark value for a condominium in the Victoria Core area in September 2023 was $583,400 while the benchmark value for the same condominium in September 2024 decreased by 5.1 per cent to $553,400, down from the August value of $559,200.

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Open House. Open House on Sunday, October 6, 2024 1:00PM - 3:00PM New Price and immediate Possession

Posted on October 3, 2024 by Shirin Purewal

Posted in Vi Mayfair, Victoria Real Estate

Please visit our Open House at 3115 Glasgow St in Victoria. See details here

Open House on Sunday, October 6, 2024 1:00PM - 3:00PM New Price and immediate Possession

Open House Sun Oct 6 1-3pm Priced over $50k Below Assessed Value. Fantastic location with the great bones you have been looking for with loads of opportunity and potential for you to make it your own. Featuring a bright main floor with high ceiling with hardwood floors, a spacious living room with fireplace and vintage built-in, 2 bedrooms, bathroom and office/bedroom no closet. Large kitchen with built-in dining nook, mud room with counter space with access to the deck and tree lined backyard. Walkout lower level, with 2 bedrooms and garage access. 5000 sqft level lot. Take advantage of the available rebates and programs such as the Secondary Suite program, Multi Unit zoning, or purchase plus improvement financing options to maximize the potential of this "as-is" home. Walkable to nearby shopping, dining, parks and elementary school with easy access to transit and highways in a family friendly neighbourhood. Bring your offer. Immediate Possession.

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Open House. Open House on Saturday, October 12, 2024 1:00PM - 3:00PM Meet at front door or underground vistor parking door. Call/text number if not at lobby thanks

Victoria Market Real Estate Statistics for September

Open House. Open House on Sunday, October 6, 2024 1:00PM - 3:00PM New Price and immediate Possession

PRESENTED BY BC HOME GROUP

SHIRIN PUREWAL

KAREN POT:

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