The trend of decreasing sales volume continued in November with a total of 498 properties sold, 17% fewer sales than in October and 26% fewer than the 671 sold in November of last year. Condo sales were down 31% and single family sales were down 21%. In the fall of 2017 the federal government announced the changes to mortgage lending rules which came into effect January 1, 2018 and led to a frenzy of activity in November and December 2017. Last months sales volume was just 3% lower than our 10 year average sales volume of 515 in November.
The MLS (Multiple Listing Service) HPI (Home Price Index) benchmark value for a single family home in the Victoria Core (Victoria, Vic West, Esquimalt, Oak Bay, Saanich and View Royal) was up 4% to $865,200 from…
A seller's market can be an intimidating place for buyers because it's unfortunately easy to be taken advantage of if they're not careful. Luckily, there are ways that buyers can help themselves get a better deal on their home without lowering their expectations.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Be Ready to Pounce
A home in a popular neighborhood isn't going to stay on the market for very long, which means that buyers will need to jump the moment the property is listed. The ideal time to tour the home is within the first 24 hours because it provides hard and fast proof to the seller of the buyer's interest. These kinds of tight
Breathtaking ocean and mountain views encompass this sprawling custom home that was built to the highest standards with earthquake-proof construction a fire suppression and high-quality roofing system.
Featuring a large open concept floor plan with generously sized rooms, massive surrounding deck and a versatile floor plan.
Vaulted ceilings throughout, large kitchen with bar and separate eating area, custom woodwork and a large three-way gas fireplace.
Currently, with the up and down separated (could be converted back) you can have the peace and quiet of Sooke living, with million dollar views and a potential income helper or revert back to a full wet bar, billiards room, guest accommodation and media
It may seem like unnecessary hassle and expense to secure a permit for home improvements or renovations, but any number of homeowners can testify that the cost and consequences of ignoring the requirements are higher.
Aside from the plight of inferior workmanship that sometimes is the hallmark of a job performed by a contractor who neglects to secure a proper permit and call for needed inspections, there are possible legal and financial consequences. Obtaining necessary plan reviews in order to secure a permit can add time delays and additional cost to a planned renovation or building project, but they should be considered a necessary part of the job.
For informational purposes only. Always consult with a licensed West Saanich real estate