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Over the last 30 days, 240 single family houses were sold, up by 30 houses - a big jump - from last week. The median price is down $7,750 to $566,000. The average house was on the market for 31 days. Sales growth is being fueled both by growing inventory, and very attractive prices being offered by sellers. Multiple offer situations are getting more and more common for the best properties.  If you are a seller, the buyers are definitely out there.  Make sure that your Realtor is advertising and promoting your property to set it apart from the growing inventory.
 
In the same time period, 155 condos were sold, up by 21 condos from last week. The median price is down $444 to $285,000. The average condo was on the market for 35 days.  Although the condo market is picking up, it is not accelerating at the same pace as houses.
 
There are now 1,572 houses for sale, up by 40 from last week. Condo inventory has risen by 28 to 882 suites. Inventory is growing, but quite slowly due to the accelerating pace of sales.
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A strong economy drives employment, and employment drives immigration.  Of course, these new residents need a place to live!
 
With the recovering world economy and emerging asian markets on a real tear, BC is in a great position to take advantage of the next decade.  
 
 
 
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Property Photo: 15 630 Brookside RD in VICTORIA
Please visit our Open House at 15 630 Brookside RD in VICTORIA.
OPEN HOUSE SAT 2-4 **Welcome home! This gorgeous and spacious executive townhouse offers all of the premium features you have been looking for, including soaring lofted ceilings, an efficient heat pump, and generously sized rooms. Amazing attention to detail is everywhere you look. The main upper level offers all the principal rooms on one floor, with direct access from the kitchen to your sunny patio. A bonus loft above makes a great private retreat. Downstairs the spaciousness continues with a flex-area, great for a media room, wine cellar, or home gym. Of course, it would not be complete without the large double garage PLUS a workshop to keep everyone happy.
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Property Photo: B105 379 Tyee RD in VICTORIA
Please visit our Open House at B105 379 Tyee RD in VICTORIA.
** OPEN HOUSE SAT 2-4 **Near new and gorgeous in every way, this stylish & bright townhouse exemplifies chic downtown urban living. A corner unit with floor to ceiling windows, a great side patio, and your own front door offers so much more value and privacy than any condo. As you step inside, bamboo floors welcome you to a great layout for entertaining with a fantastic kitchen including premium appliances and granite surfaces. Upstairs, The two bedrooms are nicely sized and very bright with their large windows. A superb location, a great layout, and a new home warranty make this well priced home a great buy.
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Property Photo: 1 1010 Pembroke ST in VICTORIA
We have a new listing at 1 1010 Pembroke ST in VICTORIA.
 
This end unit is located on a picturesque tree lined street across from the park. The exterior features a private, fenced yard and a west facing wrap around verandah. Interior features include a drive in garage with a 17 ft workshop or media room; a kitchen equipped with stainless steel appliances; an open living / dining room with oak floors, gas fireplace, skylight and designer colors; 2 full bathrooms plus a powder room; laundry room and ample storage throughout the unit. The layout and functionality are superb. This well maintained complex consists of only 13 units and is conveniently located close to restaurants, shopping and bus routes.
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Tip #2 - Don't Allow "first impressions" to overly influence your decision:
 
The first impression of a home has been cited as the single most influential factor guiding many purchasers' choice to buy. Make a conscious decision beforehand to examine a home as objectively as you can. Don't let the current owners' style or lifestyle sway your judgment. Beneath the bad decor or messy rooms, these homes may actually suit your needs and offer you a structurally sound base with which to work. Likewise, don't jump at a home simply because the walls are painted your favourite colour! Make sure you thoroughly the investigate the structure beneath the paint before you come to any serious decisions.
 
Stay tuned for tip #3 next week!
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We have a new listing at 65 Kimta Rd in Victoria.
 
We are delighted to present this two level, 3 bedroom, 2 1/2 bath executive townhome in the Shutters complex at Songhees. 1730 sq.ft. of liveable space presented in a perfect floor plan and with first class finishings and design. There are 5 separate outside spaces including 2 balconies, a spacious south facing pond side patio surrounded by trees and landscaping and an amazing roof top terrace with extra gardens - you can even grow your own herbs and flowers. Hardwood floors on both levels, new marble tile in the designer kitchen, granite counter tops, floor to ceiling south facing windows and more. This home has its own two car garage with space for storage. Shutters offers a pool, hot tub, sauna and more.Open House Sat.Feb 26, 1 to 3
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We have just sold another property at 1678 Freeman Ave in Victoria.  We would love to sell your property, just give us a call.
 
 
Great Potential for this diamond in the rough. With a little sweat equity, you would have a great townhouse alternative. A newer roof, newer furnace and hot water tank all contribute to great value. Re-do the kitchen and bathroom and update the floor lights and paint and you have a place you would be proud to call home. Located quite a few house in from Shelbourne, this neighbourhood is very popular for location close to Hillside Mall, UVIC and Camosun.
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Property Photo: 6671 Mark LANE in VICTORIA
We have a new listing at 6671 Mark LANE in VICTORIA.
 
Imagine your new home... 180 degree ocean views greet you from every principal room. Whether relaxing by your three fireplaces, entertaining in your large island kitchen, or lounging on your expansive deck, the warm South and West exposure is a rare find. Inside you'll find a home boasting numerous upgrades which feels warm and cozy, but offers lots of room for the whole family. Just off the master bedroom, retreat to a secluded deck with your own hot tub. Located across the road from the ocean, beaches, parks, and hiking trails are just steps away. With town less than 30 minutes away, Willis Point on the Saanich Peninsula will show you what West Coast living is all about!
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Over the last 30 days, 210 single family houses were sold, up by 13 houses from last week. The median price is down $6,250 to $573,750. The average house was on the market for 35 days. For the sixth week in a row the number of houses sold has grown while the number of days required to sell a home has shrunk. At the same time, selling prices are stable, fluctuating up and down slightly.
 
In the same time period, 134 condos were sold, up by 14 condos from last week. The median price is up $444 to $285,444. The average condo was on the market for 27 days. The condo market is also seeing a sales volume increase combined with steady pricing.
 
There are now 1,532 houses for sale, up by 74 from last week. Condo inventory has risen by 2 to 854 suites.
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