May 1, 2023 A total of 637 properties sold in the Victoria Real Estate Board region this April, 22.7 per cent fewer than the 824 properties sold in April 2022 but an 8 per cent increase from March 2023. Sales of condominiums were down 21.8 per cent from April 2022 with 205 units sold. Sales of single family homes decreased 19.4 per cent from April 2022 with 325 sold.
"Sales numbers for this April are more moderate than the higher levels we've seen in recent years," said Victoria Real Estate Board Chair Graden Sol. "We are in a familiar market pattern, where the majority of sales for the year occur in the spring. While we've seen an increase in sales over the previous month, we're not expecting a return to record setting activity. Our inventory levels continue to be very low and new properties are slow to come onto market. More inventory is needed to balance the supply against spring demand. The good news is that prices have stabilized for now. If listings do not pick up over this season, there is a risk that the price stabilization could turn and we could see prices increase."
There were 2,043 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of April 2023, an increase of 3.7 per cent compared to the previous month of March and a 49.7 per cent increase from the 1,365 active listings for sale at the end of April 2022.
"Though we are seeing multiple offers in our market, these situations are dependent on a number of factors including price, competition, area, condition of home, etc.," adds Sol. "This means sellers should seek clarity on what to expect during their transaction as this spring market continues to evolve. Overall, consumer confidence in the market has returned. Accurately priced homes are selling quickly and close to list price. Your REALTOR® can help you understand the pulse of the market should you be contemplating buying or selling this spring."
I have sold a property at 306 2311 Mills Rd in Sidney. See details here
Open House Saturday Jan 28. 1-3. Welcome to the Beechwood, a well-managed 55+ building only blocks from Beacon Ave in Sidney! Enter into this third floor CORNER UNIT and be wowed by the natural light that fills the space. Large eat-in kitchen with lots of counterspace that opens into the living/dining room. A roomy primary bedroom has access to the 4 piece main bathroom. A secondary bedroom/den can be found through French doors off of the living room, plus this unit also comes equipped with an OVERSIZED laundry room that can be utilized for storage, bonus space or office. Enjoy the outdoors on your private, secluded, and covered deck. The foyer, hallways and common areas are beautifully in this building and Chef prepared meals available next door at Amica, plus hair/nail salon. All of this a short walk to the thriving downtown core of Sidney and its many amenities like shopping, coffee shops, restaurants and oceanside walkways. Close to transit. This unit is a MUST SEE.
I have sold a property at 402 118 Croft St in Victoria. See details here
In the heart of James Bay on a quiet tree-lined street you will find this gem of a property only steps to the ocean! 2 bedroom, fully renovated top floor south-west corner with amazing views across to the ocean and Olympic mountains. Brand new kitchen and appliances, new bathroom, new doors, flooring and more. Spacious and bright, this home is move in ready with nothing to do! Relax on the southwest facing deck with amazing sunsets from the Sooke Hills. Heat and hot water are included in your low strata fee, and your own large storage room is across the hall. Laundry and bike storage on the ground level, and one covered parking stall included. 2 cats or dog up to 40 lbs are permitted. Thriftys, Heron Rock Bistro, shops and amenities all nearby and an easy walk – or bike - to Dallas Rd, Ogden Point and Fisherman’s Wharf. This home with its amazing location is not to be missed.
I have sold a property at 110 2038 Gatewood Rd in Sooke. See details here
THE FINEST IN AFFORDABLE LUXURY LIVING! Like-new! Sparkling & spacious, 2021 built, 2 bedroom, 3 bathroom, 1280 sqft, townhouse in desirable Carrington Place. Conveniently located just a short stroll to Sooke Centre, bus, waterfront, harbour, parks, trails & schools. Bright, open floor plan w/gleaming vinyl plank floors awash in light thru picture windows & enhanced by airy vaulted ceilings. Chef's kitchen w/quartz counters & peninsula w/breakfast bar, stainless steel sink & stainless steel appliances. Inline dining room is perfect for those family dinners & the generous living room w/cozy electric fireplace opens thru sliders to the patio. 2pc powder room & storage area complete main lvl. Up: 2 spacious bedrooms both w/ensuite bathrooms. The primary bedroom enjoys uplifting views over ALR land to the snow capped Olympic Mtns & a custom closet organizer boasting high-end birch drawers. Bonus: full size washer/dryer, attached garage & balance of New Home Warranty. Outstanding value!
I have sold a property at 1159 Timber Lane in Saanich. See details here
Nestled on a quiet Cordova Bay lane steps to the ocean, this 1950 home sits on a large, usable 16,500 sqft lot. If you’re looking for a great opportunity, this is it! Located on a private, dead end lane, this well constructed home offers an extremely desirable location. Ocean glimpses from the private, sunny deck which also overlooks the large, fully fenced south-facing rear yard for all day sun. This 3-level split home with ample room for expansion – is a rare first-time offering since being built. A variety of possibilities for future development including a garden suite is possible. Enjoy the current home with bonus features such as hardwood flooring throughout, vinyl windows, RV/Boat parking, in ground sprinkler system, cinder block detached workshop, double garage, a circular driveway and the enormous amount of yard space. Sure to impress any buyer is the short walking distance to shopping, schools, golf courses, parks and trails.
I have sold a property at 4253 Grange Rd in Saanich. See details here
Welcome to this move-in-ready Rancher that has been lovingly maintained over the years. Conveniently located on a "less travelled" portion of Grange Rd accessed off either Carey or Loenhome - the popular Colquitz River Trail, part of Sannich's extensive Centennial Trail System, is literally at your doorstep! The home features spacious Living and Dining areas featuring a Propane Fireplace to warm you on those cold winter nights or utilize the Heat Pump to cool down during the next heat dome. Offering three bedrooms - the Primary with double closets and a 2-piece en-suite Bath. A lovely bright Kitchen features raised panel oak cabinetry with an adjacent eating area and access to the easy care level lot with fenced rear yard, covered patio and raised garden bed. Also included is an attached single-car garage with outside access. This Northridge location is convenient to all levels of schooling, bus transportation & a short drive to Shopping at Royal Oak and Eagle Creek.