Victoria BC Real Estate Blog

I thought I would share with you the Current Heart Beat of the Oak Bay real estate market place Today around Oak Bay .This Morning I looked up on our MLS system Oak Bay Map Areas North Oak Bay, Uplands, Estevan, South Oak Bay,Gonzales and Henderson for Current residential single family Listings and Pending Sales...

Surpising to see the Amount of Activity in Pending Home Sales...Wow.

In the Month of June there where a total 60 MLS Sales, with 49 Single Family Homes and 11 Condo's Sold

Here are the 6 real estate map areas of Oak Bay 

• North Oak Bay there are Currently 4 Homes & 1 Townhouse For Sale and 3 Pending Sales.That's 75% of the Listings in North Oak Bay are Selling

• Uplands  there are currently 13 Homes For Sale & 4 Pending Sales..With an Average Selling Price of $2,373,500 .One Sale was for 5.6 Million on Humber Rd
• Estevan there are currently 3 Homes For Sale  with 3 Pending Sales...What Slow Market, a popular area to live in Oak Bay:.
  
• Henderson  there are currently 8 homes For Sale with  10 Pending Sales. Wow !
• South Oak Bay there are currently 36 Homes For Sale with 17 Pending Sales with an average selling price of $841,529
• Gonzales there are currently 3 homes For Sale  with  1 Pending Sales Not a lot homes For sale in this popular area

We here at Fred Carver Real Estate Marketing Re/Max Camosun continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends.  Below you will find Fairfield & Rockland real estate market update for the month of June, 2009.

NEW listings of Homes, Condo’s and Townhouses in Fairfield & Rockland = 40

Number of New Pending Sales= 56 Wow !

Number of Sold’s (completed sale)= 38

Number of homes, Condo's and Townhouses Listings Expiring= 11

Current Pending Sales -Average days on the market= 36

Year to-date (02/03/08 to 02/03/09)  Activity:  Solds = 279 Total Pending = 56

Current Active listings of homes, condo’s and townhouses = 95

Average Current Pending Selling Price in Fairfield & Rockland :

Single Family Homes = $844,976 from 26 new sales.

Condo & Townhouse = $368,519 from 27 new sales.

Go Here to find the value of your Fairfield or Rockland home 

If you would like a free list of homes for sale in this neighborhood, and would like more information about Buying or Selling a home in Fairfield & Rockland or would you like to be the first to know about HOT new listings before other buyers do, then give me a call at: 250-598-2963

Find  homes for sale throughout Fairfield and Rockland

Original Source Victoria Real Estate Blog

Cheers

Fred Carver
Re/Max Camosun-Oak Bay

2239 Oak Bay Ave, Victoria, BC V8R 1G4 
Victoria, BC
250-598-2963

Victoria Homes and Properties For Sale

Copyright © 2009 By Fred Carver All Rights Reserved "Fairfield Real Estate Market Update June 2009"

We here at Fred Carver Real Estate Marketing Re/Max Camosun Oak Bay continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends.  Below you will find Oak Bay real estate market update for the month of June 2009.

NEW listings in June of Single family Homes, Condo’s and Townhouses = 31

Number of New Pending Sales= 60

Number of Sold’s (completed sale)= 50

Number of homes, Condo's and Townhouses Listings Expiring= 3

Current Pending Sales -Average days on the market= 54

Year to-date (02/03/08 to 02/03/09)  Activity:  Solds = 294 Total Pending = 60

Current Active listings of homes, condo’s and townhouses = 93

Average Current Pending Selling Price in Oak Bay :

Single Family Homes = $925,578 from 49 new sales.

Condo & Townhouse = $518,627 from 11 new sales.

Go Here to find the value of your Oak Bay Home  

If you would like a free list of homes for sale in this neighborhood, and would like more information about Oak Bay or would like to be the first to know about HOT new listings before other buyers do, then give me a call at: 250-598-2963

Fred Carver Associate Broker

Promise Made…Promises Kept !

Fred Carver Real Estate Marketing with Re/Max Camosun-Oak Bay 250-598-2963

Find Hundreds of homes for sale throughout Victoria & Oak Bay

Original Source Victoria Real Estate Blog

Cheers

Fred Carver
Re/Max Camosun-Oak Bay

2239 Oak Bay Ave, Victoria, BC V8R 1G4 
Victoria, BC
250-598-2963

Victoria Homes and Properties For Sale

Copyright © 2009 By Fred Carver All Rights Reserved "Oak Bay Real Estate Market Update June 2009"

I thought I would share with you the Current Heart Beat of the Victoria real estate market place Today around Greater Victoria. This Morning I looked up on our MLS system different districts throughout Victoria for Current residential single family Listings and Pending Sales...Surpising to see the Amount of Activity in Pending Sales...Wow.

Here are 14 real estate areas of Victoria that I searched

• Oak Bay there are Currently 69 Homes For Sale and 54 Pending Sales.That's better than 78% of the Listings in Oak Bay are Selling

• James Bay there are currently only 7 Homes For Sale in James Bay & 7 pending Sales..100% of the Listing are Selling
• Fairfield there are currently 22 Homes For Sale in Fairfield with 21 Pending Sales...Wow What Slow Market, popular area to live:.
  
• Gordon Head  there are currently 40 homes For Sale in Gordon Head with  34 Pending Sales. Wow 98% of the Listing are selling
• Maplewood there are currently  14 homes For Sale in Maplewood with  10 Pending Sales...Wow another popular area to Live
• Broadmead there are currently 10 homes For Sale in Broadmead with  9 Pending Sales with an average selling Price of $ 778,333, up from April
• Cordova Bay there are currently 43 homes For Sale with 11 Pending Sales..Popular area of Victoria with still some great choices
  
  
• Gorge there are currently 10 homes For Sale in the Gorge with 13 Pending Sales..Over100% of the Listings Are Selling,  way up from April..
• Glanford there are currently  8 homes For Sale with a Whopping 20 Pending Sales...WOW !! This area is getting bought up Fast.

• Northridge there are 6 Homes For Sale in Northridge with 5 Pending Sales...If this Keeps up it will be hard to find a home here to Buy.
• Tillicum there are 3 homes For Sale in Tillicum with 9 Pending Sales...Wow another popular area with Buyers
  
  
• Esquimalt there are 25 homes For Sale in Esquimalt with 30 Pending Sales...Over 100% of the Listings are selling throughout this area
• Colwood & Langford there are  211 homes For Sale with  157 Pending Sales...74% of the Listings are selling., listings are down here
• Sidney  there are 35 homes For Sale with  16 Pending Sales.. with an average selling price of  $562,000 way up from the spring

As you Can See there is an active Real Estate Market in Victoria, Low Mortgage Rates are Helping Homes Sales throughout the Victoria Region

Original Source Victoria Real Estate Blog

The New Victoria MLS Open House Web Site is up and Running, search for Open Houses in Victoria ,by the day,district, price, bedrooms etc.

Plus you can print off an property info sheet for each property which includes a Directional Google Street Map search www.openhousesvictoria.ca  Check Back Often as Open Houses are added to this site 24/7

 Victoria is proving to be the most resilient housing market during the current downturn in the provincial economy. With a relatively large proportion of workers on government payrolls, concern for job security is less widespread. In addition, a sizable number of major projects underway in the region are helping to offset weaker activity in the tourism sector. While the global economic recession will continue to negatively impact the province through 2009, Victoria is expected to fair relatively better than other BC major centres. A sharp downturn in home sales was experienced last year, declining 27 per cent over 2007. While recent data suggests improvement in consumer demand, the low level of sales recorded at the beginning of the year will pull the annual total lower again in 2009. MLS® residential sales through Victoria Real Estate Board are forecast to decline a further 5 per cent to 5,850 units this year. However, housing demand is now well above the trough recorded during the winter months and home sales are expected to remain higher for the balance of this year and through 2010. MLS® residential sales are forecast to increase 6 per cent to 6,200 units next year. A marked improvement in housing market conditions over the last three months has shifted Victoria from a buyer’s market to a balanced market. The combination of fewer homes for sale and increased consumer demand is putting little, if any, downward pressure on home prices. Lower home prices and record low mortgage interest rates have contributed to a sizable increase in affordability. At the beginning of April, the carrying cost of the average priced home in Victoria was 25 per cent less than the previous year. This is drawing first-time buyers back into the market and enabled move-up buyers to sell their current homes. A significant pull-back in housing starts this year is limiting growth in the housing stock and setting the stage for a much healthier market in the months to come.

Source VREB

What is Going on In Real Estate in Victoria this 23rd Day Of May

I thought I would share with you the Current Heart Beat of the Victoria real estate market place Today around Greater Victoria. This Morning I looked up on our MLS system different districts throughout Victoria for Current residential single family Listings and Pending Sales...Surpising to see the Amount of Activity in Pending Sales...Wow.

Here are 14 real estate areas of Victoria that I searched

• Oak Bay there are Currently 85 Homes For Sale and 50 Pending Sales.That's better than 58% of the Listings in Oak Bay are Selling

• James Bay there are currently only 8 Homes For Sale in James Bay & 3 pending Sales..sales are down here from April
• Fairfield there are currently 24 Homes For Sale in Fairfield with 24 Pending Sales...Wow What Slow Market, popular area to live:.
  
• Gordon Head  there are currently 42 homes For Sale in Gordon Head with  38 Pending Sales. 90% of the Listing are selling
• Maplewood there are currently  10 homes For Sale in Maplewood with  12 Pending Sales...Wow over 100% of the listings are selling here, soon there may not be a home here to buy..
• Broadmead there are currently 13 homes For Sale in Broadmead with  8 Pending Sales with an average selling Price of $ 741,000, up from April
• Cordova Bay there are currently 43 homes For Sale with 13 Pending Sales..Popular area of Victoria with still some great choices
  
  
• Gorge there are currently 12 homes For Sale in the Gorge with 12 Pending Sales..100% of the Listings Are Selling,  up from April..
• Glanford there are currently  12 homes For Sale with a Whopping 21 Pending Sales...WOW !! This area is getting bought up Fast, up from April.

• Northridge there are 5 Homes For Sale in Northridge with 4 Pending Sales...If this Keeps up it will be hard to find a home here to Buy.
• Tillicum there are 6 homes For Sale in Tillicum with 13 Pending Sales...Wow The Average selling Price Here is $ 414,000 down from April.
  
  
• Esquimalt there are 28 homes For Sale in Esquimalt with 21 Pending Sales...75% of the Listings are selling throughout this area
• Colwood & Langford there are  223 homes For Sale with  130 Pending Sales...58% of the Listings are selling.
• Sidney  there are 36 homes For Sale with  13 Pending Sales.. with an average selling price of  $499,000

As you Can See there is an active Real Estate Market in Victoria, Low Mortgage Rates are Helping Homes Sales throughout the Victoria Region

What is Going on In Real Estate in Victoria this 30th Day Of April 

I thought I would share with you the Current Heart Beat of the Victoria real estate market place Today around Greater Victoria. This Morning I looked up on our MLS system different districts throughout Victoria for Current residential single family Listings and Pending Sales...Surpising to see the Amount of Activity in Pending Sales...Wow.

Here are 12 areas of Victoria that I searched

• Oak Bay there are Currently 87 Homes For Sale and 45 Pending Sales.That's better than 50% of the Listings in Oak Bay are Selling

• James Bay there are currently only 6 Homes For Sale in James Bay & 6 pending Sales..if this keeps up there will be nothing for Sale
• Fairfield there are currently 25 Homes For Sale in Fairfield with 21 Pending Sales...Wow What Slow Market:.
  
• Gordon Head  there are currently 45 homes For Sale in Gordon Head with  27 Pending Sales. 60% of the Listing Are selling
• Maplewood there are currently  10 homes For Sale in Maplewood with  9 Pending Sales...Wow almost 100% of the listings are selling here.
• Broadmead there are currently 16 homes For Sale in Broadmead with  5 Pending Sales with an average selling Price of $ 719,000
• Cordova Bay there are currently 37 homes For Sale with 13 Pending Sales..Popular area of Victoria with still some great choices
  
  
• Gorge there are currently 11 homes For Sale in the Gorge with 8 Pending Sales..72% of the Listings Are Selling 
• Glanford there are 13 Homes For Sale in Glanford with  13 Pending Sales..Wow 100% of the Listings Are selling :O)
• Northridge there are 5 Homes For Sale in Northridge with 7 Pending Sales...If this Keeps up it will be hard to find a home here to Buy.
• Tillicum there are 6 homes For Sale in Tillicum with 9 Pending Sales...Wow The Average selling Price Here is $ 429,700
  
  
• Esquimalt there are 26 homes For Sale in Esquimalt with 14 Pending Sales...53% of the Listings are selling throughout this area

As you Can See there is an active Real Estate Market in Victoria, Low Mortgage Rates are Helping Homes Sales throughout the Victoria Region

Sales of homes and other properties throughout Greater Victoria soared in April while prices remained stable http://bit.ly/122k32

Record Low Interest Rates are Helping Home Buyers

Effective March 31, 2009 Home Inspectors in BC will have to be licensed.

British Columbia is the first Province in Canada to License home inspectors. Licensing will fall under the Business Practices and Consumer Protection Authority (BPCPA)by March 31, 2009.

• Assessing the qualifications of and requiring mandatory Licensing for home inspectors.
• Receiving and responding to complaints from Consumers.
• Monitoring compliance through inspections and enforcement, with Penalties that can range as high as $5,000

First-time home buyers are reawakening in Victoria’s real estate market. Record low interest rates such as 3.25% for one year term mortgages and government incentive programs are prompting purchasers to enter the marketplace—a fact best illustrated by the noticeable increase in Realtor Open House traffic, upswing in the number of showings, and up tick in overall sales activity. Softer market conditions—characterized by a decline in both sales and average price, and a 20 per cent upswing in active listings—have spelled opportunity for home purchasers.Many first-time buyers are looking to areas like Downtown,Victoria Saanich West, Westshore and Esquimalt to realize their dream of homeownership.

The starting price for a single-detached home is now $310,000, down from$350,000 one year ago, while a condominium apartment can be purchased for as low as $190,000. Given the cost of rent, the difference between owning and renting may be as simple as a fi ve per cent down payment.

Need Help to Find your First Home?
Call 35 Year Veteran Realtor Fred Carver 250-598-2963
Experience Does Help.
Re/Max Camosun
Original ReMax Report March 11/09