Real Estate Information and Market Trends| Real Estate Victoria BC

Home Sales Surge in Interior/North

Vancouver, BC – May 15, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC declined 12.5 per cent to $3.8 billion in April compared to the same month last year. A total of 7,058 MLS® residential unit sales were recorded over the same period, down 1.8 per cent from April 2011. The average MLS® residential price was $532,855, 10.9 per cent lower than a year ago.

“A ten per cent dip in Lower Mainland home sales offset a 14 per cent increase across the rest of the province,” said Cameron Muir, BCREA Chief Economist. “Kamloops, the Okanagan and the North all posted double-digit increases in home sales in April compared to levels one year ago.”

“The share of provincial sales garnered by Vancouver and the Fraser Valley declined from 65 per cent in April 2011 to 60 per cent last month,” added Muir. “A larger proportion of homes sold in less expensive regions contributed to the average BC sales price dipping nearly 11 per cent.”

Year-to-date, BC residential sales dollar volume declined 15.8 per cent to $15 billion, compared to the same period last year. Residential unit sales dipped 9.7 per cent to 23,782 units, while the average MLS® residential price was 6.8 per cent lower at $546,870.

For the complete news release, including detailed statistics, click here.

-If you are planning to purchase real estate in Victoria BC in the future, just let us know. Our team of professionals has the knowledge and the know how to meet your needs. Contact Bill or David at Properties In Victoria Professional™ team. You can consult their Victoria Real Estate website www.PropertiesInVictoria.comor just email Bill and Dave.

Properties in Victoria Professionals™- Royal LePage Coast Capital Realty

Weekly Mortgage Rate Update from DLC Prime Mortgage Works Inc and Properties in Victoria Professionals™.

Mortgage Rates Effective: May 5, 2012

*Rates are Subject to Change Without Notice

If you are planning to purchase real estate in Victoria BC in the future, just let us know. Our team of professionals has the knowledge and the know how to meet your needs. Contact Bill or David at Properties In Victoria Professional™ team. You can consult their Victoria Real Estate website www.PropertiesInVictoria.comor just email Bill and Dave.

Properties in Victoria Professionals™- Royal LePage Coast Capital Realty

Multiple Royal LePage and Victoria Real Estate Board Award Winners!

FLAT MARKET IN APRIL 2012 MAINTAINS BALANCED REAL ESTATE IN GREATER VICTORIA

May 1, 2012

Pricing and sales numbers for most categories are essentially the same as in March 2012, spelling out a balanced real estate market for Greater Victoria. “That’s good news for both buyers and sellers,” says the President of the Victoria Real Estate Board (VREB). “The one category with increased sales is condominiums with 19% increase. New developments came on-stream in View Royal and Langford, resulting in a higher sales volume.”

The average price for single family homes sold in Greater Victoria last month was $609,376, down from $640,553 in March which was slightly elevated by two sales over $4 million. The median price, however, rose to $560,000.

“Homebuyers have time to research their purchases without pressure by working with home inspectors, mortgage professionals and REALTORS®,” VREB President says.

Total MLS® sales for April 2012 were 586, with 565 of those residential, compared to 574 and 540 respectively for the same period in 2011. Overall, current sales are on trend with the average 10-15 year cycle. Active listings were 4,638 for April 2012.

Cameron Muir, Chief Economist of the British Columbia Real Estate Association, expects modest growth in the economy, combined with a strong Canadian dollar will keep the Bank of Canada from raising its trend-setting interest rate until 2013.

Total waterfront Single Family Dwellings sold: 13, down 1 sale over April 2011

Total non-waterfront Single Family Dwellings sold: 316, down 9 sales over April 2011

Single Family Dwellings sold over $1 million: 18 (3 over $2 million)

If you are planning to purchase real estate in Victoria BC in the future, just let us know. Our team of professionals has the knowledge and the know how to meet your needs. Contact Bill or David at Properties In Victoria Professional™ team. You can consult their Victoria Real Estate website www.PropertiesInVictoria.comor just email Bill and Dave.

Properties in Victoria Professionals™- Royal LePage Coast Capital Realty

Weekly Mortgage Rate Update from DLC Prime Mortgage Works Inc and Properties in Victoria Professionals™.

Mortgage Rates Effective: April 27, 2012

*Rates are Subject to Change Without Notice

If you are planning to purchase real estate in Victoria BC in the future, just let us know. Our team of professionals has the knowledge and the know how to meet your needs. Contact Bill or David at Properties In Victoria Professional™ team. You can consult their Victoria Real Estate website www.PropertiesInVictoria.comor just email Bill and Dave.

Properties in Victoria Professionals™- Royal LePage Coast Capital Realty

Multi Royal LePage and Victoria Real Estate Board Award Winners!

 Properties in Victoria Professionals are proud to present this 3 bed 2 bath Rancher in Colwood.

Lots of appeal here for 1st time buyers or anyone wanting rancher style living! This 1275 sqft home that feels more like a single family house than a duplex and has been updated tastefully with newer flooring, modern colors, newer baseboards, and a nice kitchen with island and lightpipe. Wonderful features include 3 bedrooms, 2 bathrooms (4 & 3 pce), not to mention a great open floor plan, highlighted by the living room gas fireplace. Outside you will find a generously sized fully fenced yard that is perfect for the kids, entertaining or summer BBQ’s. Located near schools and shopping, and close to Veterans Memorial Parkway for easy access to the highway. This home has great value should not be missed.

For more information on this home including, floor plans and photos please click here.

If you are planning to purchase real estate in Victoria BC in the future, just let us know. Our team of professionals has the knowledge and the know how to meet your needs. Contact Bill or David at Properties In Victoria Professional™ team. You can consult their Victoria Real Estate website www.PropertiesInVictoria.comor just email Bill and Dave.

Properties in Victoria Professionals™- Royal LePage Coast Capital Realty

Bill has been a REALTOR® in Victoria since 2006. Originally from the Vancouver area, Bill moved to Victoria to attend the University of Victoria where he received his Bachelor of Science. Not only does Bill have a wealth of real estate knowledge he is also an active member of the community. He is a member of Triple Shot Cycling Club, Island Road Racers and is the Race Director for the Sooke River 10K.

Weekly Mortgage Rate Update from DLC Prime Mortgage Works Inc and Properties in Victoria Professionals™.

Mortgage Rates Effective : April 23, 2012

*Rates are Subject to Change Without Notice

If you are planning to purchase real estate in Victoria BC in the future, just let us know. Our team of professionals has the knowledge and the know how to meet your needs. Contact Bill or David at Properties In Victoria Professional™ team. You can consult their Victoria Real Estate website www.PropertiesInVictoria.comor just email Bill and Dave.

Properties in Victoria Professionals™- Royal LePage Coast Capital Realty

Weekly Mortgage Rate Update from DLC Prime Mortgage Works Inc and Properties in Victoria Professionals™.

Mortgage Rates Effective : April 13, 2012

*Rates are Subject to Change Without Notice

If you are planning to purchase real estate in Victoria BC in the future, just let us know. Our team of professionals has the knowledge and the know how to meet your needs. Contact Bill or David at Properties In Victoria Professional™ team. You can consult their Victoria Real Estate website www.PropertiesInVictoria.comor just email Bill and Dave.

Properties in Victoria Professionals™- Royal LePage Coast Capital Realty

Vancouver, BC – April 13, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC declined 26.5 per cent to $3.8 billion in March compared to the same month last year. A total of 6,882 MLS® residential unit sales were recorded over the same period, a decline of 20 per cent. The average MLS® residential price was $545,959 in March, 8.1 per cent lower than in March 2011.

“The spike in consumer demand recorded a year ago was not repeated last month,” said Cameron Muir, BCREA Chief Economist. “A marked increase in high-end home sales a year ago pushed up unit sales and skewed average prices higher, so it’s no surprise to see fewer home sales and lower average prices in March of this year.”

Year-to-date, BC residential sales dollar volume declined 17 per cent to $9.2 billion, compared to the same period last year. Residential unit sales dipped 12.7 per cent to 16,724 units, while the average MLS® residential price edged back 5 per cent to $552,785 over the same period.

For the complete news release, including detailed statistics, click here.

If you are planning to purchase real estate in Victoria BC in the future, just let us know. Our team of professionals has the knowledge and the know how to meet your needs. Contact Bill or David at Properties In Victoria Professional™ team. You can consult their Victoria Real Estate website www.PropertiesInVictoria.comor just email Bill and Dave.

Properties in Victoria Professionals™- Royal LePage Coast Capital Realty

The Properties in Victoria Professionals™ are proud to present a Wonderful Family Home in Mill Bay.

Only 45 minutes from downtown Victoria BC

Fantastic Mill Springs family home that  backs onto park area and nature trail. 4 bedrooms, 4 baths, over 2850 sq ft of finished space. Easy to inlaw. Lovely large [over 1/4acre] landscaped lot. Main level features inline kitchen and nook with deck overlooking backyard, as well as family, dining-living rooms with fireplace and den. Downstairs has a bedroom with 4 pce bath, large rec room, laundry and unfinished 400 sqft area awaiting your thoughts (kitchen & Entrance?). Upstairs has a great master with lovely ensuite (park views) and 2 more bedrooms with another bath. Big double attached garage. Great layout and one of the best locations in Mill Springs. Remainder of new home warranty.

If you are planning to purchase real estate in Victoria BC in the future, just let us know. Our team of professionals has the knowledge and the know how to meet your needs. Contact Bill or David at Properties In Victoria Professional™ team. You can consult their Victoria Real Estate website www.PropertiesInVictoria.comor just email Bill and Dave.

Properties in Victoria Professionals™- Royal LePage Coast Capital Realty

Weekly Mortgage Rate Update from DLC Prime Mortgage Works Inc and Properties in Victoria Professionals™.

Mortgage Rates Effective : April 9, 2012

*Rates are Subject to Change Without Notice

If you are planning to purchase real estate in Victoria BC in the future, just let us know. Our team of professionals has the knowledge and the know how to meet your needs. Contact Bill or David at Properties In Victoria Professional™ team. You can consult their Victoria Real Estate website www.PropertiesInVictoria.comor just email Bill and Dave.

Properties in Victoria Professionals™- Royal LePage Coast Capital Realty