Your Monthly real estate update
““The spring market in Victoria kicked off with a gentle increase in sales when compared to last year and continued stable pricing,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “These factors, combined with growth in the available inventory, has created a welcoming and more balanced market for buyers and sellers.”
There were 3,017 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of April 2024, an increase of 14 per cent compared to the previous month of March and a 47.7 per cent increase from the 2,043 active listings for sale at the end of April 2023.” Continue here to reach full article.
The statistics below show changes in average prices over the year & month, and the full press release from the board is linked below!
Average Sale Price Mar 2024 Apr 2024 Apr 2023
Single Family Dwelling $1,304,353 $1,291,529 $1,291,399
Condo/Apt $628,092 $605,816 $620,606
Row/Townhouse $822,049 $828,896 $786,010
Financing Update
- BMO shared survey results noting that 72% of aspiring homeowners are waiting on the sidelines until rates start to drop.
- “Though inflation has slowed in Canada in recent months, the central bank will be closely watching consumer price index data that comes out May 21 ahead of its June 5 meeting” (read full article here).
- Looking for a trusted advisor to discuss financing or re-financing? Reach out and I can put you in touch with a trusted and knowledgeable broker.
NEW SERVICE
Property Management
I have been working on ways to add value to my clients and be able to take care of their needs beyond just helping them buy and sell real estate. I am thrilled to announce that I am now officially also licensed as a PROPERTY MANAGER!
Buying, selling, investing, or renting? I have your back. If you are curious about hiring a property manager for your rental, reach out and we can walk through the details together!
For Sale!
205-1216 Carlisle Ave
Now offered at $574,900
- 1 Bedroom, 1 Bathroom Luxury condo built in 2020.
- 665 Fin Sq Ft with a storage locker and underground parking (including EV Charging).
- Steps to the Esquimalt Recreation Centre, Bullen Park, Public Library, 2 grocery stores, farmer’s market, café’s restaurants, and a quick drive to Saxe Point and Naden!
- The main living area has an abundance of natural light and character with a brick feature wall.
- The kitchen includes high end Bosch appliances, a gas stove top and tons of storage.
Reach out for details or floorplans!
Now Vacant & Move In Ready!
212-2022 Foul Bay Rd
Offered at $469,900
This location has it all! Located in one of the most convenient areas of the city, close to all major amenities. You are within a block of major bus routes, bike lanes, the Royal Jubilee Hospital, grocery store, pet store, Oak Bay Rec Centre, cafe’s, restaurant’s, and so much more! Welcome to this generously sized 2 bedroom, 1 bathroom condo at just under 1,000 Fin SqFt! This unit has been tastefully updated with new flooring and a renovated 4 piece bathroom. The spacious primary bedroom has new carpet and features a walk through closet, cheater ensuite, and access to the balcony (spanning the entire width of the unit).
This condo has been immaculately kept and includes a covered parking stall and storage locker. Plus, you’re only a few minutes drive to beautiful Willow’s Beach, Oak Bay Village, Camosun College, and UVic. The perfect opportunity for a first time home buyer, investor, or someone wanting proximity to the hospital or university. This unit is now VACANT and MOVE IN READY!
Reach out for details or floorplans!
May Events
Highland Games & Celtic Festival – Victoria
May 18 and 19
Victoria Day Parade & Performances – Downtown
May 20
Luxton Spring Fair – Langford
May 16-19
Swiftsure International Yacht Race – Victoria
May 25-26
Flowers for Shelter (see below)- Langford
May 11 at 10am – 1pm
