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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.

242 Beach Dr $3,495,000

242 Beach Dr Oak Bay, British Columbia

5 Beds 4 Baths 5,261 SqFt 0.220 Acres

2383 Lyn Cres $2,595,000

2383 Lyn Cres Oak Bay, British Columbia

2 Beds 2 Baths 1,555 SqFt 0.160 Acres

1241 Monterey Ave $2,250,000

1241 Monterey Ave Oak Bay, British Columbia

4 Beds 3 Baths 2,940 SqFt 0.150 Acres

2850 Beach Dr $2,499,000

2850 Beach Dr Oak Bay, British Columbia

2 Beds 4 Baths 3,320 SqFt 0.620 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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Open House Sun March 25th 11am-2pm. In heart of Vic West this Charming 4 bedroom (plus bachelor suite) home epitomizes Old Victoria at its best, this lovely property boasts tons of street parking on a quiet street just off Selkirk waterway. A formal dining room & and lovely large living room, main home has 2 beds up and two beds down w bonus large Rec room on lower for your entertainment needs. Second half of home (1324 Burleith) is a Bachelor self-contained suite & could be easily reappointed back into the main portion of home. Recent updates include new kitchens & laundry in both . Ideal use as a family home at front with a bonus bachelor mortgage helper or used at its current capacity as a revenue property generating $4600 in combined income per month, your options are endless. Home sits on a flat 6000 sq ft lot with tons of light & fruit trees in an incredible location that's walkable to everything! This is a great investment with plenty of potential to make it your dream home. $1,199,900 Active

1322-1324 Burleith Cres Victoria, British Columbia

4 Beds 2 Baths 2,203 SqFt 0.140 Acres

Welcome home to 1111 Catherine St. A truly special property this beautifully restored and maintained  1907 Edwardian up down duplex is on a quiet Victoria West street . Two 1400 sq. ft. 2 bedroom suites with separate entrances and utilities . This fine  heritage designated home features many restored period details including  fireplaces , stain glass , wood floors  , period lighting , claw foot bathtubs . Set on a large 7000 sq. ft. garden lot with slate pathways , rock walls , pathways , fruit trees , underground sprinklers. Located a quiet street of other restored heritage homes . Enjoy walking to your local bakery , coffee shop , recreation center , and park. Easy access to the Gorge and Inner harbour. A quick commute by bike or car to downtown . Viewings by appointment only . Originally built as a single-family home, legally duplexed in 1942.  Traditionally, tenants have had the upper suite, the owners living in the lower suite.  It could readily become a single family home again. $1,600,000 Active

1111 Catherine St Victoria, British Columbia

4 Beds 2 Baths 4,226 SqFt 0.170 Acres

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Karen Williamson
Client Care Manager (Unlicensed)

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