Welcome to 2020 and our January newsletter!
Whew! We made it through another holiday season. With 2019 behind us, it’s time to start the decade off right with a focus on the more important things in life…like selling your home!
If you’re worried that listing your home before the cherry trees blossom is a bad idea, don’t be. While it’s true that springtime brings out a lot of buyers, it brings out a lot of sellers, too - often more than the number of people who are ready to purchase.
Less competition means serious buyers will notice your listing. Instead of competing with many similar properties on the market, your home will stand out among the crowd.
Best wishes for 2020. Thank you for your continued trust.
ally and dennis.
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local events happening in our city!
Victoria Real Estate Market wraps up a relatively flat year for home sales
January 2, 2020 A total of 402 properties sold in the Victoria Real Estate Board region this December, 7.2 per cent more than the 375 properties sold in December 2018 and a 30.3 per cent decrease from November 2019. Sales of condominiums were up 17.5 per cent from December 2018 with 121 units sold. Sales of single family homes increased 13.8 per cent from December 2018 with 198 sold.
A grand total of 7,255 properties sold over the course of 2019, 1.47 percent more than the 7,150 that sold in 2018. 2019 sales came in at slightly under the ten-year average of 7,413 properties sold.
"Overall, our market throughout 2019 can be characterized as still active, slow to grow and low in supply," says 2019 Victoria Real Estate Board President Cheryl Woolley. "Last year we saw many prospective buyers sit on the sidelines waiting for inventory to be added. As a result of this unmet demand, there was and continues to be a push from consumers to create townhomes and condos at accessible price points. We began 2019 discussing the potential impact of various taxes and lending rules introduced by the federal and provincial governments that were designed to calm housing market activity - although this activity had already begun to slow following our hyper-active market in 2016/17. The most impactful government change we saw was the tighter mortgage lending rules, which lowered consumer borrowing power and made many unable to qualify for the value of mortgages they had in the past, therefore compressing more demand into our mid- and lower-priced property market."
Find the full report HERE.
FOR SALE! 10986 Madrona Drive, North Saanich- $1,095,000
Welcome to your own slice of Waterfront heaven tucked into a quiet bay in Deep Cove! This modern and updated home with spectacular views is compact, bright and functional. It feels like a cozy beach cottage and has the modern finishing’s for today's buyer; granite counters, generous work surface, refinished hardwood flooring, loads of storage, skylights to take advantage of the natural light and French doors opening to a private deck overlooking the ocean. The lower level has laundry and rec room with simple kitchenette and more storage. There is a separate studio with private full bath for your guests. Plan to drop your kayak into the easy waters of this special ocean inlet from your private beach access and where your neighbour is a small Marina. Enjoy the smell of the sweet salt air! A foreshore lease is in place with a deep-water moorage buoy and a boathouse. Currently tenanted – do not approach property without appointment. 3rd bedrm has no closet. Year built unknown.
SOLD! 400 Latoria Road, Royal Bay- $842,000
Welcome to 400 Latoria Rd in Lovely Royal Bay - An excellent example of a 4 BED/4BATH West Coast custom home on a LARGE LOT with high-quality features throughout. Over 3470 sq ft this airy & bright home offers many space solutions for today's busy family including sunny living rm, den/office, formal and casual, indoor/outdoor dining spaces & bonus media room. A terrific home for large gatherings with easy access to flat, private yard and patio & great outlook from the front deck. Watch the kids and pets in the back garden from the window from open-plan kitchen! Special feat include 5” distressed plank flooring, heat pump, natural gas stove & fireplace, tankless hot water & skylight. Upper floor is private master suite w/spa-like ensuite & walk-in closet. No shortage of storage solutions & dbl garage. Lower level offers SUPER EASY SUITE CONVERSION with priv access without compromising family space. Close to amenities; enjoy the beach down the road & neighbourhood walkways.
SOLD! 7 515 Mount View Avenue, Victoria - $381,500
Welcome to 7- 515 Mount View Ave.: a well maintained 2 bed/2 bath, one level end unit townhome conveniently located and surrounded by green space. Bright, open design with large bay window overlooking your private pet friendly patio and garden. Well designed kitchen with eating area and pass-thru to the formal dining area. This sweet home has super in unit storage space, laundry room & a single car garage with driveway parking. The main bedroom has an ensuite with a brand new walk-in tub! The second bedroom, without closet, can be a den or office. This quiet adult complex is pet friendly and is centrally located close to shopping, transit, Royal Roads, the Galloping Goose & recreation facilities. Quick possession available. A great spot to call home!
Three Warm Ways to Cozy Up Your Home
Dealing with dreary weather can get you down. With spring still a few months away, it’s up to your home to provide the warm respite you need to get you through the cold season. With these handy tips, your home can be the cozy getaway you need to get you through to spring.
Cuddle up with a Blanket
A fluffy throw blanket is essential for cold winter nights. Ideal for cozying up with when you get chilly watching TV or lounging around the house, your perfect blanket elevates your living room or bedroom; plus, it also acts as an accessory, adding life and personality to your space.
Warm Up a Room with an Electric Fireplace
Enjoy all the perks of a fireplace without the cost, installation, or maintenance of a traditional fireplace. Keep yourself warm while enjoying the romantic ambiance. Choose from wall-mounted or mantle styles, or even a table-top model that lets you carry the cozy mood from room to room.
Bring Warm Colours Into Your Home
Science proves warm colours evoke feelings of warmth and comfort. Take refuge from the depressing winter forecasts and cold mornings by brightening your home with yellows, oranges, and shades of red. It’s as easy as tossing a throw pillow on the couch, laying textured rugs on the floors of any room, or adorning your tables with placemats, decorative centerpieces, and tablecloths.