Victoria Abode

Your Vancouver Island Realtor®

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mobile: 250-891-8991
office: 250-479-3333
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Victoria Real Estate Board
Tues Feb 19, 2019:

  February February
  2019 2018
Net Unconditional Sales: 259 545
New Listings: 454 837
Active Listings: 2,059 1,545


Please Note

  • Left Column: stats so far this month
  • Right Column: stats for the entire month from last year

Look here for updated figures each Monday morning.  

Other Statistics Resources 

  • Realtor Link® > Statistics > Last Month's Statistics
  • Realtor Link® > Statistics > Statistics Archive
  • Realtor Link® > Statistics > MLS® HPI Dashboard
  • Current Statistics on the VREB public website
  • Historical Statistics on the VREB public website

Learn how to capture this news item: Matrix Help > FAQ: Other Topics > Capturing Matrix News Articles.

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Victoria Real Estate Board
Mon Feb 11, 2019:

  February February
  2019 2018
Net Unconditional Sales: 152 545
New Listings: 308 837
Active Listings: 2,063 1,545


Please Note

  • Left Column: stats so far this month
  • Right Column: stats for the entire month from last year

Look here for updated figures each Monday morning.  

Other Statistics Resources 

  • Realtor Link® > Statistics > Last Month's Statistics
  • Realtor Link® > Statistics > Statistics Archive
  • Realtor Link® > Statistics > MLS® HPI Dashboard
  • Current Statistics on the VREB public website
  • Historical Statistics on the VREB public website

Learn how to capture this news item: Matrix Help > FAQ: Other Topics > Capturing Matrix News Articles.

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Victoria Real Estate Board
Fri Feb 1, 2019:

  Jan Jan
  2019 2018
Net Unconditional Sales: 329 431
New Listings: 897 772
Active Listings: 2,057 1,491

Please Note

  • Left Column: stats for the entire month from this year
  • Right Column: stats for the entire month from last year
  • This information comes from the latest 'Monthly Comparative Activity By Property Type' Report

Look here for updated figures each Monday morning. 

Other Statistics Resources

  • Realtor Link® > Statistics > Last Month's Statistics
  • Realtor Link® > Statistics > Statistics Archive
  • Realtor Link® > Statistics > MLS® HPI Dashboard
  • Current Statistics on the VREB public website
  • Historical Statistics on the VREB public website

Learn how to capture this news item: Matrix Help > FAQ: Other Topics > Capturing Matrix News Articles.

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Victoria Real Estate Board
Mon Jan 28, 2019:

  January January
  2019 2018
Net Unconditional Sales: 261 431
New Listings: 711 772
Active Listings: 1,980 1,491


Please Note

  • Left Column: stats so far this month
  • Right Column: stats for the entire month from last year

Look here for updated figures each Monday morning.  

Other Statistics Resources 

  • Realtor Link® > Statistics > Last Month's Statistics
  • Realtor Link® > Statistics > Statistics Archive
  • Realtor Link® > Statistics > MLS® HPI Dashboard
  • Current Statistics on the VREB public website
  • Historical Statistics on the VREB public website

Learn how to capture this news item: Matrix Help > FAQ: Other Topics > Capturing Matrix News Articles.

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Victoria Real Estate Board
Mon Jan 21, 2019:

  January January
  2019 2018
Net Unconditional Sales: 171 431
New Listings: 501 772
Active Listings: 1,914 1,491


Please Note

  • Left Column: stats so far this month
  • Right Column: stats for the entire month from last year

Look here for updated figures each Monday morning.  

Other Statistics Resources 

  • Realtor Link® > Statistics > Last Month's Statistics
  • Realtor Link® > Statistics > Statistics Archive
  • Realtor Link® > Statistics > MLS® HPI Dashboard
  • Current Statistics on the VREB public website
  • Historical Statistics on the VREB public website

Learn how to capture this news item: Matrix Help > FAQ: Other Topics > Capturing Matrix News Articles.

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Victoria Real Estate Board
Mon Jan 14, 2019:

  January January
  2019 2018
Net Unconditional Sales: 93 431
New Listings: 274 772
Active Listings: 1,884 1,491


Please Note

  • Left Column: stats so far this month
  • Right Column: stats for the entire month from last year

Look here for updated figures each Monday morning.  

Other Statistics Resources 

  • Realtor Link® > Statistics > Last Month's Statistics
  • Realtor Link® > Statistics > Statistics Archive
  • Realtor Link® > Statistics > MLS® HPI Dashboard
  • Current Statistics on the VREB public website
  • Historical Statistics on the VREB public website

Learn how to capture this news item: Matrix Help > FAQ: Other Topics > Capturing Matrix News Articles.

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Victoria Real Estate Market responds as expected to the changing market conditions of 2018

 
A total of 375 properties sold in the Victoria Real Estate Board region this December, 18.8 per cent fewer than the 462 properties sold in December 2017 and a 24.7 per cent decrease from November 2018. Sales of condominiums were down 24.3 per cent from 2017 in December with 103 units sold. Sales of single family homes were down 26.6 per cent from December 2017 with 174 sold.
 
A grand total of 7,150 properties sold over the course of 2018, 20 per cent fewer than the 8,994 sold in 2017. 2018 sales came in very close to the ten-year average of 7,351 properties sold. Condominium sales totalled 2,162 in 2018, compared to 2,783 in 2017. Single family home sales were down from 4,069 in 2017 to 3,187 in 2018.  
 
"The story arc in real estate this year has been the impact of government influence on a market which was showing signs of levelling out through the latter part of 2017," says outgoing Victoria Real Estate Board President Kyle Kerr. "All levels of government turned their focus to try to make housing more affordable and attainable across the property spectrum. The federal government's change to mortgage lending qualification rules this year meant many consumers lost 20 per cent of their purchasing power, which contributed to slowing down the pace of the market. On a municipal level, we saw many councils activating how they can influence affordable housing by leveraging current land assets, acquiring new land and creating partnerships to bring new affordable units to market - and that's a very exciting thing for our market in the long term. The provincial government has also promised huge investments into new affordable developments. These developments are important to the long-term growth of our community, because the only way to make more affordable housing in our area is to build it."
 
There were 1,988 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of December 2018, a decrease of 15.2 per cent compared to the month of November but 43.6 per cent more than the 1,384 active listings for sale at the end of December 2017.  
 
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in December 2017 was $832,000. The benchmark value for the same home in December 2018 increased by 3.2 per cent to $858,600, lower than November's value of $865,200. The MLS® HPI benchmark value for a condominium in the Victoria Core area in December 2017 was $464,300, while the benchmark value for the same condominium in December 2018 increased by 8.2 per cent to $502,400, slightly more than November's value of $500,500.
 
"The market in 2019 will continue to be quieter than in previous years, as buyers and sellers adjust to new market conditions and government policies," adds President Kerr. "Inventory is still quite low when you look at a longer range, which will continue to put pressure on pricing. Our overall economy is predicted to slow slightly, and that will likely mean a slower increase in interest rates but also slower growth. The good news is that savvy buyers will have more time to find their new homes, and that sellers will be under less pressure if they are planning to move within our market. Remember in evolving markets like ours, it's important to enlist the services of a REALTOR® to help you navigate what may be your largest transaction ever."
 
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Victoria Real Estate Board
Mon Dec 10, 2018:

  December December
  2018 2017
Net Unconditional Sales: 226 462
New Listings: 272 441
Active Listings: 2,146 1,384


Please Note

  • Left Column: stats so far this month
  • Right Column: stats for the entire month from last year

Look here for updated figures each Monday morning.  

Other Statistics Resources 

  • Realtor Link® > Statistics > Last Month's Statistics
  • Realtor Link® > Statistics > Statistics Archive
  • Realtor Link® > Statistics > MLS® HPI Dashboard
  • Current Statistics on the VREB public website
  • Historical Statistics on the VREB public website

Learn how to capture this news item: Matrix Help > FAQ: Other Topics > Capturing Matrix News Articles.

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Victoria Real Estate Board
Mon Dec 10, 2018:

  December December
  2018 2017
Net Unconditional Sales: 129 462
New Listings: 158 441
Active Listings: 2,211 1,384


Please Note

  • Left Column: stats so far this month
  • Right Column: stats for the entire month from last year

Look here for updated figures each Monday morning.  

Other Statistics Resources 

  • Realtor Link® > Statistics > Last Month's Statistics
  • Realtor Link® > Statistics > Statistics Archive
  • Realtor Link® > Statistics > MLS® HPI Dashboard
  • Current Statistics on the VREB public website
  • Historical Statistics on the VREB public website
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The Victoria real estate market chills out for winter

 
A total of 498 properties sold in the Victoria Real Estate Board region this November, 25.8 per cent fewer than the 671 properties sold in November of last year and a 16.7 per cent decrease from October 2018. Sales of condominiums were down 30.9 per cent from last year in November with 152 units sold. Sales of single family homes were down 20.8 per cent from 2017 with 267 sold this November.
 
"We certainly anticipated a difference this year in terms of sales for November compared to last year," says Victoria Real Estate Board President Kyle Kerr. "This time last year, the government announced plans to change mortgage lending qualification rules and our market saw a rush of activity as buyers tried to beat that new lending criteria which was rolled out January first. Our ten-year average of units sold for the month of November is 515, which is likely a better comparison than to the unusual market conditions we saw last year."
 
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in November 2017 was $832,800, while the benchmark value for the same home in November 2018 increased by 3.9 per cent to $865,200, lower than October's value of $881,000. The MLS® HPI benchmark value for a condominium in the Victoria Core area in November 2017 was $456,200, while the benchmark value for the same condominium in November 2018 increased by 9.7 per cent to $500,500, slightly less than October's value of $502,600.
 
There were a total of 2,343 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2018, an increase of 32.8 per cent compared to November 2017 but 6.7 per cent fewer than the month previous.
 
"Inventory continues to be low compared to historic averages," adds President Kerr. "The ten-year average for active inventory in November is 3,204, so although it has improved compared to last year, we are still low on choice for buyers. At the same time, waning demand has meant that there is less urgency in our market right now, which can benefit buyers and sellers. The market tends to naturally slow down in the winter, so I'd expect we will have a more balanced market heading into the new year."
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I have sold a property at 207 406 Simcoe ST in VICTORIA.
Exceptional Investment opportunity! This large, quiet one bedroom + den can be easily converted to a two bedroom. Features include a wood burning fire place, dining area, eat at kitchen counter and two bathrooms. Right in the heart of James Bay, 406 Simcoe St. is centrally located and close to schools, parks, shopping, cafés, tennis courts, restaurants, the ocean and down town. Pet friendly (no size res.), families and rentals welcome. Great floor plan. The building has been well maintained and has had recent improvements such as new balconies, roof, paint and more.
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Victoria Real Estate Board
Mon Nov 26, 2018:

  November November
  2018 2017
Net Unconditional Sales: 395 671
New Listings: 659 843
Active Listings: 2,353 1,764


Please Note

  • Left Column: stats so far this month
  • Right Column: stats for the entire month from last year

Look here for updated figures each Monday morning.  

Other Statistics Resources 

  • Realtor Link® > Statistics > Last Month's Statistics
  • Realtor Link® > Statistics > Statistics Archive
  • Realtor Link® > Statistics > MLS® HPI Dashboard
  • Current Statistics on the VREB public website
  • Historical Statistics on the VREB public website

Learn how to capture this news item: Matrix Help > FAQ: Other Topics > Capturing Matrix News Articles.

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I have sold a property at 1538 Edgware Rd RD in Victoria.

OPEN HOUSE Sat July 4th 1-3pm.

You've found a home! Immaculate newer home on a quieter street in desirable Oaklands area; close to all amenities, bus routes and Hillside Mall. Great family layout with 3 bedrooms upstairs including large master bedroom with cheater-style ensuite bathroom. Main level offers open concept living featuring a beautiful kitchen with quartz counters and stainless steel appliances. Beautifully landscaped easy care lot with a fully fenced rear yard and lovely patio area. Custom window coverings, pot lights, designer colours and attached garage too. A rare offering in this neighbourhood... no renovations or work needed! Just move in and enjoy this 5 year old home with balance of the new home warranty still in place.

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Distributed to media today: 

The Victoria real estate market's return to balance not linear, but also not unexpected
 
A total of 598 properties sold in the Victoria Real Estate Board region this October, 9.9 per cent fewer than the 664 properties sold in October of last year, but a 12.2 per cent increase from September 2018. Sales of condominiums were down 15.5 per cent from last year in October with 180 units sold, but up 20.8 per cent when compared to September 2018. Sales of single family homes were down 14.7 per cent from 2017 with 289 sold this October, 1.4 per cent more than the previous month.
 
"We continue to see the housing market shift into a more balanced state, though the trajectory is not smooth," says Victoria Real Estate Board President Kyle Kerr. "This month had slower sales compared to last year and a slightly lower level of inventory coming into the market, but it also had an increase in sales from last month, which may surprise some people. The moderating changes over last year have been punctuated with some competition and price pressure on lower and mid-priced homes while the upper end of the market has softened slightly. Right now pricing is key across all segments as we transition to a more balanced market."
 
There were a total of 2,510 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2018, an increase of 31.8 per cent compared to October 2017 but 5.1 per cent fewer than the month previous.
 
"The market is definitely reacting to the changes in mortgage lending requirements," adds President Kerr. "Lending was made tougher to dampen the market and these measures have certainly had an impact on purchasing power. The threat of the looming Speculation and Vacancy tax has also cooled development in our area, which is unfortunate because the only way to create affordable homes in our area is to build them. We hope that moving forward the municipal, provincial and federal governments will work collaboratively to enable more supply at all levels of housing by funding public / private partnerships to support the increase of home stock in our area. We hope that aside from taxation and mortgage rules, governments will work together to ensure a future supply in our area to stabilize prices in the long term."
 
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in October 2017 was $830,100, while the benchmark value for the same home in October 2018 increased by 6.1 per cent to $881,000, slightly lower than September's value of $883,700. The MLS® HPI benchmark value for a condominium in the Victoria Core area in October 2017 was $457,500, while the benchmark value for the same condominium in October 2018 increased by 9.86 per cent to $502,600, slightly less than September's value of $503,000.
 
 
Stats will be posted on the VREB website this afternoon.
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I have listed a new property at 466 Meredith RD in MILL BAY.
Welcome to 466 Meredith! This majestic ocean front estate features a custom west coast contemporary main house & an elegant cottage overlooking the Saanich Inlet. Experience a sense of calm on the private drive, w/ 9+ acres of awe-inspiring forest featuring prodigious firs. Imagine morning coffees, basking in the warm sunshine, watching killer whales swim by or walking along your own beach! The main house was designed by Will Peereboom w/ no expense spared. Notice the attention to detail & energy efficiency throughout including vaulted ceilings, exposed fir beams, RF heating, Geo-Thrml syst., heat pump, master chef’s kitchen w/ grnt counter tops & breakfast bar. Open concept living at it’s finest! The mstr bdrm boasts a jacuzzi tub, shower, 2 sinks, wlk-in clst & private balcony. Reward each day w/ staggering views throughout this home while enjoying added features such as a 3 car garage, cottage, barn & art studio! This estate must be seen to experience its true beauty and serenity!
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Victoria Real Estate Board
Thu Nov 1, 2018:

  Oct Oct
  2018 2017
Net Unconditional Sales: 598 664
New Listings: 958 979
Active Listings: 2,510 1,905


Please Note

  • Left Column: stats for the entire month from this year
  • Right Column: stats for the entire month from last year
  • This information comes from the latest 'Monthly Comparative Activity By Property Type' Report

Look here for updated figures each Monday morning. 

Other Statistics Resources

  • Realtor Link® > Statistics > Last Month's Statistics
  • Realtor Link® > Statistics > Statistics Archive
  • Realtor Link® > Statistics > MLS® HPI Dashboard
  • Current Statistics on the VREB public website
  • Historical Statistics on the VREB public website

Learn how to capture this news item: Matrix Help > FAQ: Other Topics > Capturing Matrix News Articles.

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Victoria Real Estate Board
Mon Oct 22, 2018:

  October October
  2018 2017
Net Unconditional Sales: 395 664
New Listings: 683 979
Active Listings: 2,567 1,905


Please Note

  • Left Column: stats so far this month
  • Right Column: stats for the entire month from last year

Look here for updated figures each Monday morning.  

Other Statistics Resources 

  • Realtor Link® > Statistics > Last Month's Statistics
  • Realtor Link® > Statistics > Statistics Archive
  • Realtor Link® > Statistics > MLS® HPI Dashboard
  • Current Statistics on the VREB public website
  • Historical Statistics on the VREB public website

Learn how to capture this news item: Matrix Help > FAQ: Other Topics > Capturing Matrix News Articles.

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Victoria Real Estate Board
Mon Oct 15, 2018:

  October October
  2018 2017
Net Unconditional Sales: 276 664
New Listings: 444 979
Active Listings: 2,556 1,905


Please Note

  • Left Column: stats so far this month
  • Right Column: stats for the entire month from last year

Look here for updated figures each Monday morning.  

Other Statistics Resources 

  • Realtor Link® > Statistics > Last Month's Statistics
  • Realtor Link® > Statistics > Statistics Archive
  • Realtor Link® > Statistics > MLS® HPI Dashboard
  • Current Statistics on the VREB public website
  • Historical Statistics on the VREB public website

Learn how to capture this news item: Matrix Help > FAQ: Other Topics > Capturing Matrix News Articles.

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Categories:   1703 Fernwood Rd | CS Island View, Central Saanich Real Estate | CS Saanichton, Central Saanich Real Estate | Es Esquimalt, Esquimalt Real Estate | Es Kinsmen Park, Esquimalt Real Estate | La Bear Mountain, Langford Real Estate | La Langford Proper, Langford Real Estate | La Mill Hill, Langford Real Estate | ML Mill Bay, Malahat & Area Real Estate | NS Ardmore, North Saanich Real Estate | NS Dean Park, North Saanich Real Estate | OB Estevan, Oak Bay Real Estate | OB Henderson, Oak Bay Real Estate | OB North Oak Bay, Oak Bay Real Estate | OB South Oak Bay, Oak Bay Real Estate | OB Uplands, Oak Bay Real Estate | SE Camosun, Saanich East Real Estate | SE Cedar Hill, Saanich East Real Estate | SE Gordon Head, Saanich East Real Estate | SE High Quadra, Saanich East Real Estate | SE Lambrick Park, Saanich East Real Estate | SE Maplewood, Saanich East Real Estate | SE Mt Tolmie, Saanich East Real Estate | SE Quadra, Saanich East Real Estate | SE Queenswood, Saanich East Real Estate | SE Ten Mile Point, Saanich East Real Estate | Selling Your Property Guide | SW Strawberry Vale, Saanich West Real Estate | SW Tillicum, Saanich West Real Estate | Vi Burnside, Victoria Real Estate | Vi Downtown, Victoria Real Estate | Vi Fairfield East, Victoria Real Estate | Vi Fairfield West, Victoria Real Estate | Vi Fernwood, Victoria Real Estate | Vi Hillside, Victoria Real Estate | Vi James Bay, Victoria Real Estate | Vi Jubilee, Victoria Real Estate | Vi Mayfair, Victoria Real Estate | Vi Oaklands, Victoria Real Estate | Vi Rockland, Victoria Real Estate | VR Prior Lake, View Royal Real Estate | VR Six Mile, View Royal Real Estate | VW Songhees, Victoria West Real Estate | VW Victoria West, Victoria West Real Estate | Z03 West Duncan, Zone 03 - Duncan Real Estate
NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate.