The Victoria Real Estate Market is just that. Last Wednesday we listed a small little house on 1636 Kings Road. Listing price $299,900. This is a three bedroom 1400+ sqft home on an average lot. The home has been rented over the past few years. To get good exposure to the hot Victoria Real Estate Market all offers were presented yesterday (Saturday) and we had a total of six offers and the winner came in at $341,000. This is $41,000 over asking price. This shows us that there is still a very strong demand for entry level homes in Victoria. On our website, you can check out our Victoria Market Update and keep an eye on the trend.Many people ask us what the prices are going to do in the future. Well, some predictions are around 6% increase in the Greater Victoria Area. My crystal ball predicts an average selling price of close to $600,000 at the end of this year. Many people say I am way too enthusiastic. All I can say, time will tell. I would love to hear your predictions. Contact us anytime.
Cheers, Anders
Royal LePage Coast Capital
July 3rd, 2007 at 3:10 pm
[...] eight percent higher than in the first six months of last year. I personally think (as I have mentionedmany times before) the average price for a single family dwelling in Victoria will be around [...]
October 2nd, 2007 at 9:28 am
[...] that the average price would be around $600,000 by the end of 2007. If you have been following our blogs you know we have been very bullish on Victoria Real [...]
December 3rd, 2007 at 2:43 pm
[...] $500,000. Many said that there is no way that the prices can go that high. Well, if you have been following our blogs you know we are very bullish on the Victoria Real Estate [...]
December 22nd, 2007 at 2:14 pm
[...] to look back at what have happened in the Victoria Real Estate Market. Last year at this time we predicted that we will have an average selling price of $600,000 by year end. Last month (November) proved us [...]
January 2nd, 2008 at 4:39 pm
[...] of you who have been following our blogs you know we have been predicting some time now that 2008 will have a good and strong Real Estate [...]
January 3rd, 2008 at 9:33 am
[...] per cent and the average for town-homes rose 10.5 per cent. We wrote a blog about just that back in May of last year predicting a 8 – 10 percent [...]
February 10th, 2008 at 11:05 am
[...] to stay on top of what is happening in the Real Estate market not only here in Victoria but all of Canada and sometime even other parts of the world. As you know our predictions a year ago was that the [...]
March 30th, 2008 at 4:50 am
lanzarote villas…
In order that we better understand where things are going, let us briefly look at where they have been. Under the traditional’ sub agency’ system, when a Realtor lists a house for sale he/ she becomes the agent of the Seller. Then, through the Mult…
July 27th, 2008 at 5:11 am
Mallorca Properties…
Mallorca the largest of the Balearic Islands is ringed with gorgeous beaches…
August 17th, 2008 at 8:58 am
realty kings…
Now is the time to invest in US property, Don’t abandon it, invest in it….