Victoria's South Side Real Estate is....HOT !
As we Move into 2010, a look at Real Estate activity shows the Market is HOT on the South Side of Victoria BC.
Check out these South Side Home Sales Numbers just in Fairfield, Fernwood and Oak Bay.
Fairfield Homes SOLD Since Jan 1...14 Homes Sold or Pending with an average Sale price of $787,913 Days on the Market ...16 WOW!
Fernwood Homes SOLD Since Jan 1....8 Homes Sold or Pending with an average Sale Price of $572,211
Days on the Market....19 WOW !
Oak Bay Homes SOLD since Jan 1...22 Homes Sold or Pending with an average Sale Price of $885,227
Days on the Market....58.
If You or anyone you know Is Thinking of Selling or Buying a Home on Victoria's South Side Call Me...Fred Carver, and ask me to Show You what I do to Sell Homes...39 Years Experience Does Help !
In the Mean time Search Google Fred Carver-ReMax..then check out Freds Competition online for their Search results.
Henderson, Oak Bay - Announcing aNew Listingon 2385 Epworth Street, a 2,198 sq. ft., 3 bath, 4 bdrm 2 story "Full Basement". Now 
MLS® $625,000 CAD - Great Value.
Property information
SORRY NOW SOLD, Call me you get your home Sold or to Find your Next Home. Spotless 1969 family home located steps from shopping, schools and amenities 4 bedrooms and 2.5 bathrooms quiet Oak Bay St. Main floor,3 bdrms, Laminate floors, bright updated 2005 kitchen Open plan to Dining area and South East Facing Sun deck. Down are 1 bdrm, 3 pce bath,laundry, Den & Family room Gas fireplace & Eating area. Professional updating includes electrical updating,roof(13yrs); New energy efficient furnace, Hot water tank, renovated main bathroom, 2004 Van Isle thermo windows,Plus Much more. Corner lot with carport, off st parking for 2 cars. Excellent Value.
Pre-View this Home Here 24/7 Than Call Fred Carver 250-598-2963 to Make an appointment today to see this Great Oak Bay Home
James Bay in Victoria Real Estate-James Bay Real Estate Review
James Bay-Victoria- Real Estate 2009 Year in ReviewÂ
As we Start 2010....... I thought I would review the Real Estate activities of Victoria, an area know by the locals as James Bay, an area bordered by Dallas Rd and the Victoria Waterfront to the South and West, Bellville St and the Victoria Inner Harbour to the North, Douglas St and Beacon Hill Park to the East.
View James Bay Victoria BC in a larger map
Single Family Sales since January 2009 in the James Bay Area Total 38Â during the 12 months of 2009 Â with an Average Selling Price of $ 622,108 with an average of 51 days on the market.
Single Family Pending Sales Total 2 with an average selling price of $ 696,250 with an average of 12 days on the market.
It would appear James Bay Single Family Real Estate sale prices are up, and the days on the market have decreased this Winter.
Condominium Sales since January 2009 in the James Bay Area total 102 during the 12 months of 2009 with an Average selling price of $ 380,823 with an average of 64 Days on the market.
Condominium Pending Sales total 8 with an average selling price of $ 409,313 with an average days on the market of 73 Days.
It Would Appear the James Bay Area Condominium Sales Prices are Up and the Days on the Market have increased this Winter.
Currently there are 4 Single Family James Bay Homes For Sale with an average asking price of $ 716,725 ranging in price from $ 599,900 for a home on Rendall St and up to $ 849,000 for a home on Ontario St.
I recently drove along the Dallas Rd Waterway and took a Video of the Dallas Rd area to give you an idea of the Quaintness and Character of the Dallas road Waterfront where it is a popular walking Area from the Ogden Point Break Water to Clover Point Near Moss Street in Fairfield. Great Place for Family and Pets Â
History of James Bay, a high density neighbourhood of Victoria, BC. It is the oldest residential neighbourhood on the West coast of North America that is north of San Francisco. James Bay occupies the south side of the Inner Harbour close to downtown. Access to the neighbourhood is along Belleville Street, Government Street, Douglas Street and Dallas Road.
Check out My James Bay Page on My Web Site.
JANUARY - 2010-BC Bans Cell Phone Use While Driving.
January 1, 2010 Drivers in BC are banned from using their cell phone while driving, even while stopped at an intersection.
Pull over and talk, or let someone else drive, even better use the Time to enjoy being Cell phone Free.
Leave a voice message on your Voice Mail, "I'm driving and I will return calls when done, please leave me a detailed message, and the best time and number to reach you at" Fred Carver.
HAPPY NEW YEAR--HAVE THE BEST YEAR EVER IN 2010
Victoria BC-Fernwood Real Estate Year in Review
As 2009 draws to a close....... I thought I would review the Real Estate activities of Greater Victoria's Fernwood Real Estate. Fernwood Single Family Sales since January Total 110 Homes Sold with an 2009 year to date Average Selling Price of $464,571 with an average of 25 days on the market. Fernwood Single Family Pending Sales Total 5 with an average selling price of $ 460,400 with an average of 8 days on the market. It would appear Fernwood Single Family Real Estate sale prices are steady, and the days on the market have decreased. Currently there are 6 Single Family Homes For Sale in Fernwood with an Average asking price of $ 587,467 the the lowest on Denman Street at $169,900 to $679,000 for a home on Fell Street.
History of Fernwood Residential development began in earnest in the 1890s, and many homes in western Fernwood and along Fernwood Road itself date from this era. In the early 1900s a large area west of Fernwood Road was used as a sand and gravel pit to supply construction materials to local builders, to the dismay of many early residents. The problem was partly solved by the construction of the present Victoria High School in 1912 on some of the lands that had been used as the sand and gravel pit.
Historically, a Spring in Fernwood supplied Victoria with its main source of water, hence the earlier name of the neighborhood, Springridge. In 1875 Victoria began piping water from Elk Lake, and in 1885, the site of the original springs became the location of the Empire Brewery.
One of Colwood's most popular subdivisions. You enter into a large foyer with a family room off to the left with a gas fireplace. there is 2 more bedrooms and a good size 4 piece bathroom on the lower floor which could easily be converted into an in-law suite. Upstairs offers a spacious living room with feature fireplace, huge eat-in kitchen with loads of cabinet space. 2 spare bedrooms along with a generous sized 4 piece main bathroom. The master suite has a walk through closet and 3 piece ensuite. This fantastic layout will suite all of your needs. This home is situated on a large private lot backing on to an elementry school, with a great vegetable garden and kids Jungle Jim...awsome, close to all amenities and bus routes. ML# 270576
Fred Carver Re/Max Camosun 250-370-7788/250-598-2963 email fredcarver@remax.net
Housing performance expected to accelerate in 2010,
as economic stability returns to Canadian markets, says RE/MAX
Fifteen markets to set new records for average price in 2009
In the midst of one of the most tumultuous economic periods in recent history, residential real estate has proven to be a safe harbour, with sales and average price expected to post gains in most major Canadian cities in 2009, according to a report released by RE/MAX.
The RE/MAX Housing Market Outlook for 2010 examined residential real estate trends in 23 markets. The report found that sales are forecast to recover in almost all major centres by year-end 2009, led by an anticipated 45 per cent increase in Greater Vancouver. Two markets --Ottawa and Quebec City -- are expected to hit historic highs in the number of homes sold. Average price should post new records in 65 per cent of markets surveyed this year. As economic performance ramps up across the country, so too will residential real estate. Eighty-three per cent of markets (19/23) are expecting sales to increase over 2009 levels while housing values are forecast to escalate in 91 per cent (21/23) of Canadian centres in 2010. The remaining markets will match 2009 levels.
Approximately 465,000 homes are expected to change hands nationally in 2009, a seven per cent increase over one year ago. Canadian housing values are forecast to close the year at $318,000, up five per cent from $303,594 in 2008. By year-end 2010, the number of homes sold is predicted to climb another two per cent to 475,000 units. The average price of a home is also expected to experience an uptick, rising two per cent to $325,000 – the highest level in Canadian history.
Some of the greatest percentage gains were reported in Western Canadian markets in 2009– demonstrating the higher the peak, the lower the valley. That said, the recession barely registered on year-over-year activity in most major centres. The economic fundamentals in place going forward ideally position the ten provinces, and the sector overall, for further growth.
The upswing in residential housing values speaks volumes. By year-end 2009, average price is expected to increase in 15 of the 23 markets surveyed, led by St. John’s, NF (15 per cent); Quebec City, QC (eight per cent); Regina, SK (seven per cent); Saint John, NB (six per cent); and Winnipeg, MB, Ottawa, ON, and Greater Toronto, ON (five per cent). Other noteworthy developments include shattered price benchmarks in Greater Vancouver at $600,000; Toronto at $400,000; Ottawa at $300,000; and Quebec City and St. John’s at $200,000. St. John’s will once again lead the country in terms of percentage increase in average price in 2010 with a projected upswing of 11 per cent. Quebec City and Regina are expected to experience escalation of six per cent, while Calgary, Kelowna, and Victoria are forecast to climb five per cent next year. Victoria, Kelowna, Edmonton and Calgary – all down marginally in 2009 – are all positioned for growth in 2010.
-more-
RE/MAX 2010 Housing Market Outlook…..2
2009 was without question the year of the house. Real estate not only defied industry and analysts’ predictions in 2009—it’s performance went well beyond the realm of expectation by boosting consumer confidence levels and ultimately kick starting the national economic engine. While low interest rates were a principle factor driving home buying activity, no one can discount the value that Canadians place in owning a home.
The major frontrunners in terms of unit sales appreciation in 2010, are all located in Western Canada, including Kelowna with an anticipated upswing of 10 per cent in housing sales; Calgary with an expected increase of eight per cent: and Victoria, which rounds out the top three with a seven per cent hike forecast for unit sales.
Canadians continue to demonstrate their commitment to homeownership – regardless of the economic climate. No where in Canada is that more evident than in Quebec. The province, with one of highest percentage of renters in the country, is well-poised for an escalation in homeownership levels as renters enter the market en masse to take advantage of ideal market conditions. Prices remain well under the national average, making ownership more attainable and leaving more room for appreciation that’s been long overdue.
A number of factors will help prop up activity going forward, including improved economic conditions, continued low interest rates, rising consumer confidence and solid capital spending which will buoy employment. Inventory will once again assume the wildcard role, with any decline placing upward pressure on prices. Multiple offers will remain the exception in most markets, more commonplace on quality entry-level product which remains in tight supply.
Call or email me for a Complimentary Home Evaluation today
Fred Carver
250-598-2963
fredcarver@remax.net
35 years Experience Dees Help
Find out what I do to Sell Homes
Victoria-Oak Bay-Real Estate-South Oak Bay Real Estate Review
South Oak Bay Real Estate Year in Review
As 2009 draws to a close....... I thought I would review the Real Estate activities of Victoria's Mincipality of Oak Bay, an area know by the locals as South Oak Bay, an area bordered by Oak Bay Ave to the North, Beach Drive to the East and South and Foul Bay Road to the West.
Single Family Sales since January in South Oak Bay Total 88 with an 2009 year to date Average Selling Price of $852,391 with an average of 59 days on the market.
Single Family Pending Sales Total 10 with an average selling price of $ 873,700 with an average of 78 days on the market.
It would appear South Oak Bay Single Family Real Estate sale prices are up slightly, however the days on the market have increased.
Currently there are 31 Single Family South Oak Bay Homes For Sale with an Average asking price of $ 1,499, 846 ranging in price from $499,900 for a home on Mitchel Street and up to $12 Million for a home on Beach Drive.
I recently drove through South Oak Bay on Oliver Street and took a Video of the homes to give you an idea of the Quaintness and Character of South Oak Bay Real Estate.
History of Oak Bay, Oak Bay was once part of the Hudson Bay Trading Company's Pacific Northwest Holdings and 1st settled by the Songhees First Nation
Victoria's-Rockland-Fairfield Real Estate
I thought I would share with you the Current Heart Beat of Victoria's-Rockland-Fairfield real estate market place.
Today around the Victoria's-Rockland-Fairfield area of Victoria BC.This Morning I looked up on our Victoria MLS system Rockland-Fairfield Real Estate Map Areas for Current residential Single Family- Condominium and Townhouse Listings and Pending Sales...
Surprising to see the Amount of Activity in Pending Home Sales so far this November...Wow.
So Far in Month of November in Rockland and Fairfield there is a currently total 48 MLS Pending Sales, from 21 Single Family Homes, 20 Condo's and 7 Townhouse sales.
Real Estate map areas of Victoria's Rockland-Fairfield district.
- In Rockland there are Currently 7 Single Family Homes For Sale with an average asking price of $1,830,700
- In Rockland there are currently 4 Condominiums For Sale with an average asking price of $ 446,575
- In Rockland there are Currently 1 Townhouses For Sale with an asking price of $ 799,000
- In Rockland the Average Single Family Pending Sale Price is $ 790,725
- In Rockland the Average Condominium Pending Sale Price is $ 346,667
- In Rockland there are currently no Townhouse Pending Sales
- In Fairfield there are Currently 15 Single Family Homes For Sale with an Average Asking Price of $980,380
- In Fairfield there are Currently 29 Condominiums For Sale with an Average Asking Price of $ 392,470
- In Fairfield there are Currently 9 Townhouses For Sale with an Average asking Price of $ 539,256
- In Fairfield the Average Single Family Pending Sale Price is $ 661,553
- In Fairfield the Average Condominium Pending Sale Price is $ 326,853
- In Fairfield the Average Townhouse Pending Sale Price is $ 465,389
What's Your Home Worth in Todays Real Estate Market?..Call Fred Carver 250-598-2963 for a Complimentary Home Market Evaluation.
News..Victoria Real Estate industry welcomes a decision by the BC Provincial Government to increase the HST
threshold for rebates on new homes to a maximum purchase price of $525,000 and a maximum rebate
of $26,500. “This is certainly a ‘win’ for new home buyers,” said Victoria Real Estate Board President,
Chris Markham. “We’re very pleased that the government listened to the lobbying efforts by the real
estate profession and other groups including the Canadian Home Builders Association and the Greater
Victoria Chamber of Commerce."
The province aims to ensure that, on average, purchasers of new homes up to $525,000 pay no more tax due to harmonization. Purchasers of new homes would be eligible for a rebate of 71.43 per cent of the provincial portion of the HST paid on a new home, up to a maximum of $26,250. Homes above $525,000 would receive a flat rebate of $26,250. This is a 30 per cent increase in the threshold and maximum rebate available.
Source VREB
Property sales throughout the Victoria area last month were at their highest level for the month of October since 1992.742 homes and other properties sold in October through the Victoria Real Estate Board’s MLS system,down slightly from the 776 sales in September.
The average price for single family homes sold in Greater Victoria last month was $590,567, down from $619,936 in September. The median price was $536,000.
The overall average price for condominiums was $322,349 last month, down slightly from $325,106 in September.
The average price of all townhomes sold last month was $438,058 down from $441,966 in September.
MLS® sales last month included 400 single family homes, 203 condominiums, 76 townhomes and 12 manufactured homes.
Monthly Sales Summary
Average Selling Price Graphs
Active Listings, New Listings and Sales Graphs
Source VREB
Spring Forward .....Fall Back
It's almost time to Change our Clock Back One Hour as Daylight Saving Time ends November 1, 2009 at 1.59 AM..You should put all your Clocks and Watches back to 1 AM. Good News we'll get an extra Hour Sleep after a busy night from Trick or Treating on Oct 31.
Personally, I change my Clocks back one hour when I go to Bed on October 31.
Here's a great Reminder to also Change you Smoke Detector Batteries at the Same Time Daylight Savings begins and ends.
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 "Spring Forward..Fall Back "
Annual Halloween Bonfire at the Oak Bay Fire Hall
Everyone Welcome...to Oak Bay's Annual Halloween Bonfire next to the Oak Bay Firehall. It starts at Fireman's Park at 7 PM Saturday October 31, 2009. 1703 Monterey Ave next to the Oak Bay Police Station and Fire Hall.
The Oak Bay Kiwanis Club will once again put on a costume parade for Children ages 1-12 in front of the Scout Hall . Hot Dogs, Popcorn, Pop and Halloween Candy with be available to all Children in Costume.
Plan to Be There and be safe..Sorry no fireworks are allowed in Oak Bay since 2007.
Google Map To Fred's Office