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Victoria Real Estate Market Update – March 2022

March 26, 2022 by ccg

No signs of slowing. 

February was yet more selling frenzy in a market that shows no signs of cooling off for Victoria Real Estate. Neither the interest rate hike nor the announcement of a potential cooling off period for buyers has done anything to slow things down. February offered up an unheard of 85% sales to active listings ratio with 718 listings selling, and 849 active listings at the end of February. Aggressive buyers, and multiple offers continue to be a tale of the tape.

Some savvy buyers have turned to pre-sales to get into the market without the feeding frenzy, and we here at CCG have teamed up with an amazing mortgage specialist who can offer 12-18 month pre approvals AND rate holds for new construction/pre-construction purchases. Finally some good news for buyers!!! If you want more details and a detailed list of new construction buildings currently available and coming up give me a shout today.

1284 Beach Dr 101 $1,450,000

1284 Beach Dr 101 Oak Bay, British Columbia

2 Beds 2 Baths 1,603 SqFt 0.04 Acres

2323 Hamiota St 103 $649,900

2323 Hamiota St 103 Oak Bay, British Columbia

1 Beds 2 Baths 1,198 SqFt 0.03 Acres

1175 Beach Dr 401 $1,360,000

1175 Beach Dr 401 Oak Bay, British Columbia

1 Beds 2 Baths 1,297 SqFt 0.03 Acres

1370 Beach Dr 409 $1,195,000

1370 Beach Dr 409 Oak Bay, British Columbia

2 Beds 2 Baths 1,601 SqFt 0.04 Acres


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Filed Under: Real Estate Tagged With: Capital City Group, Victoria Real Estate Market Update, YYJ 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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