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Lots of Buyers are now showing up ... it's a great time to buy!

By David Stevens

Real Estate Agent with Royal LePage Coast Capital Realty, Victoria BC Canada

March 20, 2009 12:43 PM

Craigdarroch Castle, Victoria, BC

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.

250.893.1016

www.david-stevens.ca

www.victoriahomes.bc.ca

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Stephanie Feinzilberg

Remax Services - Delray Beach, FL

I hope they pick up here in South Florida too.

Mar 20, 2009 12:47 PM

David Stevens

Royal LePage Coast Capital Realty, Victoria BC Canada - Victoria, BC

Royal LePage Coast Capital Realty

Stephanie - Yes, I hope so too.

There certainly seems to have been lots of realtors dropping out of the business over the past few months here in British Columbia.

Mar 20, 2009 12:54 PM

Pat Champion

John Roberts Realty - Eustis, FL

Call the "CHAMPION" for all your real estate needs

I hope it continues for all of us-it is great to be busy. I wish us all success.

Mar 20, 2009 01:08 PM

Michael Wayne Jackson

Coldwell Banker - Novato, CA

Broker - Seniors Real Estate Specialist Novato

There has been a wave of buyers trying to get a home now, I hope it continues too.

Mar 20, 2009 01:15 PM

David Ravashiere

David Ravashiere, Tee 2 Green Real Estate - Chandler, AZ

I'm especially glad to hear that things are going well up there. I am the owner of a brokerage in Arizona, and I have to tell you that your fellow countrymen(who are coming down in droves to buy inexpensive properties) are providing us with one of the few bright spots in our market!

I would love the opportunity to work with you in this market on a referral basis. I'm honest, ethical, and strive hard to make the buying experience as seamless and pleasant as possible!

Let me know!

Mar 20, 2009 01:15 PM

Bob Foster

Century 21 Lanthorn R. E. Ltd. Belleville, Ontario - Belleville, ON

Great stats, David! It's nice to hear such encouraging news.

Mar 20, 2009 01:17 PM

Michelle Buckman

Long & Foster - Washington, DC

Showing the Best Views in Metro DC

There are lots of buyers out looking in the Washington,DC area. I hope the looking turns into purchasing. I am very hopeful, especially with such great interest rates.

Michelle Buckman

Mar 20, 2009 01:55 PM

David Stevens

Royal LePage Coast Capital Realty, Victoria BC Canada - Victoria, BC

Royal LePage Coast Capital Realty

Pat and Mike - I wish you all the best for this year. Let's hope things turn around faster than expected!

Cheers!

Mar 21, 2009 02:50 AM

David Stevens

Royal LePage Coast Capital Realty, Victoria BC Canada - Victoria, BC

Royal LePage Coast Capital Realty

David (of T 2) - Yes, I will definitely send any prospects or referrals your way, as there certainly are lots of people here in British Columbia who spend time in Arizona during the winter months. Many of them have been renting but with prices so low in the US I hope Canadians continue to keep buying down there.

All the Best!

Mar 21, 2009 02:57 AM

David Stevens

Royal LePage Coast Capital Realty, Victoria BC Canada - Victoria, BC

Royal LePage Coast Capital Realty

Bob - We're keeping our fingers crossed that the stats continue to improve, and I hope things are looking up in Belleville too!

Michelle - when the buyers are showing up, the sales will happen. I wish you success!

All the Best.

Mar 21, 2009 03:02 AM

Susan Peters

Dove Realty Inc. - Seattle, WA

The Better it Looks the Better it Sells

Hi David,

It's good to ear good news for a change. I've been busier with buyers this winter than last year. let's hope it keeps up!

Apr 15, 2009 05:41 PM

David Stevens

Royal LePage Coast Capital Realty, Victoria BC Canada - Victoria, BC

Royal LePage Coast Capital Realty

Hi Susan,

Good news - and all the Best to You for 2009. You dogs look very sweet - they look like they are posing for the camera!

Apr 21, 2009 02:01 PM

David Stevens

Royal LePage Coast Capital Realty, Victoria BC Canada - Victoria, BC

Royal LePage Coast Capital Realty

Oops - sorry Susan - I have only just got around to re-reading my last comment ... I meant to type 'your', not you.

David

Apr 24, 2009 01:07 PM

Kathy Clulow

Uxbridge, ON

Trusted For Experience - Respected For Results

David - every persons home is their castle great looking castle. Your comment above is a great reminder that Spell check only gets the job half done and could get us done in.

Apr 27, 2009 01:19 AM

David Stevens

Royal LePage Coast Capital Realty, Victoria BC Canada - Victoria, BC

Royal LePage Coast Capital Realty

Well said Kathy! You're absolutely right :)

Apr 29, 2009 04:28 AM