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Victoria Real Estate Market Update – December 2021

December 16, 2021 by CapitalCityGroup

We are starting to feel a little like a broken record with the Real Estate situation in Victoria BC.

In November a mere total of 653 properties were sold. That is 17.9% fewer than the 795 properties sold this same month a year ago and just over 12% less than the previous month of October 2021.

The average price for a single family home in November was $1,330,251. The average price for a townhome was $807,289 and for a condominium was $648,867.

Of the total properties sold 276 were single family homes sales, 76 were townhome sales, and 236 were condominium sales. The sales-to-Active Listings ratio for November 2021 was 73.6% and we finished November with 887 Active Listings. That’s over 50% fewer properties on the market than there was November 2020! Taking in these facts it is not surprising that there continues to be upward pressure on prices and competition with continued multiple offer situations.

The Governments announced their plan to introduce a cooling off period for resale homes instead of addressing the supply and attainability issues. We therefore do not foresee improvement to the supply and demand of our complex housing market as a result.

Victoria remains one of the most desired places to live in Canada which is no surprise to those of us already living here!

December is now upon us and we hope you have a peaceful holiday season with your family. Wishing you a prosperous 2022!

9885 Second St 4 $4,250,000

9885 Second St 4 Sidney, British Columbia

2 Beds 3 Baths 3,903 SqFt 0.08 Acres

21 Dallas Rd 1201 $3,950,000

21 Dallas Rd 1201 Victoria, British Columbia

2 Beds 4 Baths 4,155 SqFt 0.1 Acres

847 Dunsmuir Rd 802 $2,150,000

847 Dunsmuir Rd 802 Victoria, British Columbia

2 Beds 2 Baths 2,087 SqFt 0.05 Acres

9570 Fifth St 403 $2,099,000

9570 Fifth St 403 Sidney, British Columbia

2 Beds 2 Baths 2,000 SqFt 0.03 Acres

Real Estate Market Update April 2024

Real Estate Market Update – April 2024

ccg
April 23, 2024

A total of 588 properties sold in the Victoria Real Estate Board region this March, 0.3 per cent fewer than the 590 properties sold in March 2023 but a 25.1 per cent increase from February 2024. Sales of condominiums were down 10.2 per cent from March 2023 with 177 units sold. Sales of single family…

Continue Reading Real Estate Market Update – April 2024

Sept 2023 Real Estate Market Update

Real Estate Market Update – Sept 2023

ccg
September 19, 2023

Victoria real estate market needs better mix of housing supply to help restore balance A total of 544 properties sold in the Victoria Real Estate Board region this August, 13.8 per cent more than the 478 properties sold in August 2022 and an 8.6 per cent decrease from July 2023. Sales of condominiums were up…

Continue Reading Real Estate Market Update – Sept 2023

Real Estate Market Update June 2023

Real Estate Market Update June 2023

ccg
June 24, 2023

Summer is here! “The month of May marks the highest number of sales we’ve seen since April of last year,” said Victoria Real Estate Board Chair Graden Sol. “While we haven’t seen the number of total sales we would expect in a spring market, the month of May marks the fourth consecutive month with sales…

Continue Reading Real Estate Market Update June 2023

Filed Under: Real Estate

Sooke

Just 35 minutes away from Victoria and nestled along the Juan de Fuca coastline lies the growing community of Sooke. The area is a true nature lover’s delight and is known for hiking, kayaking, mountain biking, fishing and other outdoor activities. If you’re looking to live among nature with amazing water and Olympic Mountain views, … » Learn More about Sooke

View Royal

Centrally located, View Royal offers quaint waterfront neighbourhoods and park-like surroundings. Undulating topography filled with trees and forest meadows, View Royal has a unique rural feel while still being close to major urban centers. Homes For Sale in View Royal

Western Communities

Langford & the Westshore Victoria’s Western Communities – commonly referred to as the “Westshore” – includes Colwood, Metchosin and Langford, British Columbia’s fastest growing community. The area prides itself on offering affordable family homes and many local amenities. Home to Canada’s rugby team and several international sports centers (including Bear Mountain Golf & Tennis Resort), … » Learn More about Western Communities

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Welcome to 760 Wilson Street, a fully rented and well-maintained 4-plex ideally located just steps from the heart of Vic West. This updated investment property features a desirable suite mix of a 3-bedroom, a 2-bedroom, a 1-bedroom, and a bachelor unit, all with access to a shared laundry room and separate electrical meters. Set on a level lot with convenient off-street parking, the building has seen tasteful improvements over the years. Whether you're an experienced investor or exploring your first income opportunity, 760 Wilson offers stability, upside, and a prime location close to amenities, parks, and downtown Victoria. $1,498,000 Active

760 Wilson St Victoria, British Columbia

6 Beds 4 Baths 3,219 SqFt 0.15 Acres

EXCEPTIONAL OFFERING! Own a piece of Victoria’s heritage w this beautifully restored 1890 Queen Anne-style home on a corner lot in vibrant Vic West. Awarded The Hallmark Society Award of Merit, “Montview” blends late Victorian elegance w modern functionality. Reconstructed as 4 legal suites (3 one-bed + 1 studio), each with separate meters & hot water tanks, this stately residence features soaring 10’ ceilings, original wood floors & wallpaper, vintage fixtures, & a wood-burning fireplace. Distinctive heritage elements include hipped roof & three cross-gabled, two-storey pedimented bays, recessed corner porch w chamfered posts, spindled frieze, & turned balusters, along w wood storm windows, a finished attic, & a wide shingled beltcourse. Lovingly maintained gardens w irrigation, storage units, & off-street parking complete the offering. Steps from the Market Garden and Westside Village, this designated Heritage Home is a rare find! Great investment potential. Commercial MLS: 1003911 $1,574,900 Active

1020 Catherine St Victoria, British Columbia

4 Beds 4 Baths 3,900 SqFt 0.14 Acres

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Andrea Prowse
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Josh Prowse*

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Phone: 250-661-5674
Email: Josh@CapitalCityGroup.ca
*Personal Real Estate Corporation

Andrea Prowse

REALTOR®
Phone: 250-217-3465
Email: Andrea@CapitalCityGroup.ca

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