According to our Victoria Real Estate Board, June saw a significant surge in property sales throughout the Greater Victoria area. With a total of 946 properties sold in June compared to 879 sales in May - a 7% increase, and a 31% increase compared to June of 2008.
The average price for single family homes sold in June was $588,186, with the median price being $529,900.
The average price for condos was $298,200, with the median price being $275,000.
The average price of townhomes was $413,218, with the median price of $375,000.
I would be happy to co-operate with you in referrals. To view my listings and sold properties please take a look at my websites:
The design of our Canadian flag, consisting of the red maple leaf, was created in 1925, but at the time the Canadian Red Ensign and the Union Jack represented Canada until 1946. At that time new designs were submitted to a select Parliamentary committee but it wasn't until the centennial celebrations of Confedration were approaching and Canada still had no flag of its own that a search began in earnest.
In 1946 the Prime Minister at that time, Lester B. Pearson, told the House of Commons that the government wanted a national flag to be ready by 1967 and the centennail celebrations. Red and white was considered Canada's national colours in 1921, and finally in 1964 the inclusion of the maple leaf in the new Canadian flag was officially recognised.
Canada was established as a self-governing country on July 1, 1867, thus making it 142 years old today!
This bright, spacious 1981 Rancher is set well back from the road and is conveniently located within walking distance to absolutely all amenities.
Sitting on a large 8,483 sqft lot and offering almost 1800 sqft of living space, this home features 3 Bedrooms, including Master with 3 pc ensuite, 2 Bathrooms, Living room with Gas Fireplace, and open concept Kitchen off Family room, with wood stove.
Newer roof, sunny, private fully fenced rear yard with pleasant deck, plum and apple trees. Wheelchair friendly access.
Whether you're downsizing, a first time buyer or looking for revenue property, don't miss this opportunity in one of Victoria's best neighbourhoods at a fraction of the price.
For more information and photos please contact me or view my website:
Today, our local rag 'The Times Colonist' shouted out the following headline .. which is what we have been thinking for a while:
Victoria real estate turns around
Despite all the talk of recession, according to the president of the Victoria Real Estate Board, Chris Markham, Victoria seems to have pulled through.
He says: A total of 879 homes and other properties were sold in May through VREB's multiple listing service. This is a 17% increase over April and even up 14% in comparison with the 770 sales in May of 2008.
First time buyers are being spurred on by low interest rates and lower property prices. Single family homes priced from $400K - $600K are in most demand, whereas those at the higher end of the market are slower to move.
Let's hope the trend continues and starts happening elsewhere in Canada and the US.
Victoria Day, this year on May 18th, is celebrated throughout Canada as Queen Victoria's Birthday, and being the first long weekend of the season the holiday timing couldn't be better.
The tourist businesses and attractions are opening up and our city is putting on its early show with new flowers.
Victoria is steeped in history as well as the arts. The Canadian Pacific Ballet is putting on a special performance of Victoria and Albert at the Royal Theatre and the McPherson Theatre, for this weekend only, 16 - 17 May, 2009.
You can also see what life was like for soldiers in 1859 or World War II at a Military Encampment, showing British Columbia’s military history and re-enacted by over 30 volunteers at the Fort Rodd Hill National Historic Site. You will see demonstrations, uniforms and historic weapons.
The 72nd Victoria Highland Games & Celtic Festival is being held at Topaz Park. The weekend is packed with music, dance, games and competitions. You can even stop by the Single Malt Whisky Tasting School, and watch some Haggis Hurling competitions.
Come and join in the fun this weekend- May 16 and 17, 2009
While prices have been falling off from historic highs in Victoria, buyers are now getting back into the market, especially in the lower end price range.
In the greater Victoria area the average price for a single-family home in March 2009 was $534,689, down 10.46% from March of 2008, and the average price of a condo in March was $295,624, down 10% from March 2008.
The main activity in the current market is in the $350K to $500K range. So, in spite of the current economic uncertainty, I am feeling very optimistic for the remainder of this year.
I was born in England and brought up in Canada, but I thought it about time to celebrate St. George's Day (today, April 23), so I'm posting both the St. George Cross and the Union Jack.
Many people in North America celebrate St. Patrick's Day and very rarely do I see anyone celebrating St. George!
Although I like our British Columbia Flag, which contains parts of the Union Jack with a bit of BC sun!
In Victoria, British Columbia real estate sales bounced back in February of this year, with a substantial 63% increase over January, and prices for single family homes and condos rose by 16% compared to February of 2008.
With great mortgage rates offered at the moment in Victoria, e.g. 3.25% for 1 year, and a 5 year closed at 3.85%, there seems to be more "first-time buyers" on the search for a home. Also noticeable is the rise in sales so far this month (March), with SOLD signs showing up in all areas of Victoria.
Let's hope the "rebound" continues!
Photo: Craigdarroch Castle, Victoria, BC
David Stevens Real Estate Superior Service. Plain and Simple. I fully participate in referrals.
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