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Victoria Real Estate Market Update – October 2021

October 5, 2021 by CapitalCityGroup

Rinse and Repeat.

September 2021 looked very much like August 2021 with sales year-over-year and month-over-month down but due to continuing low inventory levels and not due to a slow down in demand.

The sales to active listings ratio remains quite high with almost 68% of the available real estate selling during the month, well above the 20% threshold to show a sellers market.

This is a traditionally busy time of the year as people are generally settled back into their routines and now starting to think about where they want to spend the December holiday season.

With a strong demand, and a tediously slow pace of municipal redevelopment approvals throughout most of the jurisdictions it is unlikely we are going to see much change in the foreseeable future.

This remains an excellent time to sell and a challenging, and somewhat frustrating time to purchase. At Capital City Group we are developing an exciting new program to GUARANTEE home owners who want to sell but are afraid of ending up living in a van down by the river because they can’t buy, from being left homeless or forced to sell. Stay tuned or give me a call and we can discuss this innovative new program tailored for this crazy times, which is available exclusively from Capital City Group.

2285 Bowker Ave 302 $1,125,000

2285 Bowker Ave 302 Oak Bay, British Columbia

2 Beds 2 Baths 1,275 SqFt 0.03 Acres

1175 Newport Ave 503 $989,000

1175 Newport Ave 503 Oak Bay, British Columbia

2 Beds 2 Baths 1,502 SqFt

1318 Beach Dr 301 $780,000

1318 Beach Dr 301 Oak Bay, British Columbia

2 Beds 1 Baths 1,279 SqFt 0.03 Acres

2100 Granite St 105 $415,000

2100 Granite St 105 Oak Bay, British Columbia

1 Beds 1 Baths 714 SqFt 0.02 Acres

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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NEW LISTING! Vic West’s Most Desirable Area! Fully renovated legal duplex + 1-bed suite w fantastic revenue potential. Three suites: #914 main suite w 3 bed, 2 full bath, ~9 ft ceilings; den, laundry, +1 bed suite w its sep entrance. New laminate & tile flrs, white paint w black accents, custom lighting, waffle up/down blinds. Main kitchen w custom black walnut cabinetry, stone counter, under-mount sink, built-in gas range. Main bath w radiant flrs & designer fixtures. #916 unit adds strong income potential: 3 beds, bath, kitchen, living rm + laundry, newer flrs. MAJOR UPDATES: new water main, perimeter drain, sump pump 2017; windows; gas; hot water on demand; sheared walls/sides; roof 12 yrs; dual hydro meters. Professionally landscaped, drought proof & mow-free yard by Fi Campbell. Deck, fenced & gated yard, shed/studio, fire pit, lounge & dining area, storage under deck. Immediate access to parks, waterfront walkways, Galloping Goose Trail. Fry’s Bakery & Market Garden. See Brochure $1,399,900 Active

914/916 Russell St Victoria, British Columbia

7 Beds 3 Baths 2,708 SqFt 0.11 Acres

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

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Andrea Prowse
REALTOR®

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Josh Prowse*

REALTOR®
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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