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Tag Archives: Home Sales

10 ways to turn off a would-be homebuyer

What a difference a couple of years makes. Back in 2007, homebuyers would be lined up to purchase your house and multiple offers were common place. Today, although we are trending towards a balanced market in Victoria, BC, buyers still have the upper hand and instead of buying, they’re waiting, convinced that housing prices will continue to drop. What’s  Continue Reading »

Should I buy now or wait for prices to fall?

Even though this article focuses on the Toronto condo market, the advice and information can be used for any real estate market including Victoria’s. I’m often asked this question if it’s the right time to sell or buy and it’s always a somewhat difficult one to answer as there are so many factors and individual  Continue Reading »

Housing Market Conditions Improve on the South Coast

The British Columbia Real Estate Association (BCREA) reports that a total of 6,904 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during April, up 1.9 per cent from March on a seasonally adjusted basis, but down 2.2 per cent compared to April 2012. Total sales dollar volume declined 3 per cent  Continue Reading »

Study: Online real estate listings all about the first (superficial) impression

 Ninety-five per cent of people looking at home listings online view the first photo — usually an exterior shot — for 20 seconds. After that, it’s cursory glances at the other material, according to research from the Institute for Behavioral and Experimental Real Estate at Old Dominion University in Norfolk, Virginia. “Without an eye-catching photo,  Continue Reading »

Greater Victoria Residential Real Estate Transitions to a Balanced Market

VICTORIA BC – Weighing in on the best April since 2010, Shelley Mann, President of the Victoria Real Estate Board, is cautiously optimistic that the Greater Victoria is back into a balanced market. “Consumer confidence is increasing,” Mann says. “Our total number of sales for April is 615, a 5% increase compared to April 2012  Continue Reading »

5 Mobile Apps to Make Homebuying Easier

There is now a mobile app for just about anything. The 5 iPhone and iPad apps below will help make the home buying process a little bit easier. From mortgage calculations to moving organization. There’s an app for that! Zoocasa Real Estate Search  Searching for real estate in Canada just got easier! Take advantage of Zoocasa’s powerful  Continue Reading »

Market Activity Follows Traditional Real Estate Cycle in Greater Victoria

Greater Victoria’s real estate market is following tradition with a spring upswing in activities with month-over-month increases in showings, new listings and total sales. The Victoria Real Estate Board reports a total of 483 sales processed through the Multiple Listing Service (MLS®) in March 2013, an increase of 23% over the previous month. Sales figures  Continue Reading »

Victoria’s Feb 2013 Average House Price of $463,265 Is Virtually Unchanged From Feb 2012

BC Real Estate Association reports that February BC home sales continued at modest pace & pent-up demand is growing. Victoria’s February 2013 Average House Price of $463,265 is virtually unchanged from 2012’s average of $464,570 (down only -0.3%) and our listing volume has only increased 4% over February 2012 to 3,252 overall residential listings, even  Continue Reading »

Spring Perks Up Greater Victoria Real Estate Market

VICTORIA BC – The Victoria Real Estate Board reports a total of 394 sales were processed through the Multiple Listing Service (MLS®) in February, an increase of 34% over the previous month. The highest activity was in single-family homes and condominiums. Compared to February 2012, sales were down by 18.26%. Shelley Mann, President of the  Continue Reading »

Sales Down but Prices Hold in Greater Victoria Real Estate Market

VICTORIA BC – A slow start to the year in Victoria’s real estate market is evidence that buyers are continuing to wait for prices to drop. Although January 2013 sales are 27% lower than January 2012, the six-month average price for a Greater Victoria home is only down 1% for the same period. “We are  Continue Reading »