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After reviewing the statistics this morning I found myself struggling with something profound to write about.  It wasn’t an exceptional week, but instead was more of a continuation from the previous week.  We continue to see selling prices for condos and houses softening slightly.  It is starting to feel like we are hitting the bottom, but we will only truly know that when the bottom has passed. 

 

If there is anything out of the ordinary to report, it would be that condos may be starting to outperform houses.  For example, over the last five weeks, the number of condos sold has been trending upwards.  However, at the same time, prices are softening.  I believe that this may caused by developers dropping their asking prices to help reduce their inventory.  There could be some good opportunities here, especially in the new condo market. 

 

Over the last 30 days, 230 single family houses were sold, down by 11 houses from last week.  The median price is down $3,853 to $538,147. The average house was on the market for 45 days. In the same time period, 144 condos were sold, up by 7 condos from last week.  The median price is down $500 to $279,500. The average condo was on the market for 63 days.

 

There are now 2,114 houses for sale, down by 45 from last week.  Condo inventory has risen by 17 to 1063 suites.

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Please visit our Open House at 3370 Hazelwood RD.
Open House on Saturday, November 5, 2011 13:00 - 16:00 -Show home at 3392 Merlin.
Choose your home, your lot, your custom features, and move into your dream home in about four months. The ?Coachwood? offers the ultimate in privacy and value with 9? ceilings, a spacious great room with real gas fireplace, and a large master with ensuite and walk in closet. The spacious & legal 1 bed suite over the detached double garage gives you a lucrative mortgage helper without sacrificing privacy! Constructed by Limona to Built Green BC standards to be a more efficient, cost effective, and healthy home. With 1000 homes built and over 50 CARE awards to their credit, you can be assured of a quality home with lasting value. Net HST included. Show homes open Sat/Sun 1-4pm!
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Please visit our Open House at 3382 Hazelwood RD.
Open House on Saturday, November 5, 2011 13:00 - 16:00 -Show home at 3392 Merlin
Choose your home, your lot, your custom features, and move into your dream home in about four months. The ?Thomas? offers a popular layout with 3 bedrooms up. You will enjoy large master with its walk in closet and full ensuite. The ground level, features a great room with 9? ceilings, real gas fireplace and spacious kitchen with island, only a step from your outdoor patio with gas hookup, all at an amazing price! Constructed by Limona to Built Green BC standards to be a more efficient, cost effective, and healthy home. With 1000 homes built and over 50 CARE awards to their credit, you can be assured of a quality home with lasting value. Net HST included. Show homes open Sat/Sun 1-4pm!
Read

Please visit our Open House at 3374 Hazelwood RD.
Open House on Saturday, November 5, 2011 13:00 - 16:00 -Show home at 3392 Merlin
Choose your home, your lot, your custom features, and move into your dream home in about four months. The ?Bridlewood? offers the best in affordability with 4 bedrooms, including a 1 bed legal suite on the no-step ground level ? great for a mortgage helper or extra family. Upstairs, the value continues with 9? ceilings, a great room with real gas fireplace and an ensuite master? all at an amazing price. Constructed by Limona to Built Green BC standards to be a more efficient, cost effective, and healthy home. With 1000 homes built and over 50 CARE awards to their credit, you can be assured of a quality home with lasting value. Net HST included. Show homes open Sat/Sun 1-4pm!
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Please visit our Open House at 3386 Hazelwood RD.
Open House on Saturday, November 5, 2011 13:00 - 16:00 -Show home at 3392 Merlin.
Choose your home, your lot, your custom features, and move into your dream home in about four months. The ?Devonshire? offers a versatile layout with 1 of the 3 bedrooms, and an additional family room, on the ground level ? a great layout for teens or extended family. Upstairs, enjoy the great room with 9? ceilings, real gas fireplace, open concept kitchen, and sunny deck, all at an amazing price! Constructed by Limona to Built Green BC standards to be a more efficient, cost effective, and healthy home. With 1000 homes built and over 50 CARE awards to their credit, you can be assured of a quality home with lasting value. Net HST included. Show homes open Sat/Sun 1-4pm!
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Please visit our Open House at 46 Howe ST in VICTORIA.
Open House on Sunday, October 30, 2011 14:00 - 16:00
**Open house this Sat&Sun(Oct 29,30)from 2-4pm.** Here is a rare opportunity to purchase a FULLY RENOVATED four bedroom South Fairfield character home in one the most sought after locations, less than half a block to Dallas Beach and Clover Point. The great curb appeal and desirable WEST FACING REAR YARD add even more to the value! Inside you will find restored oak floors with Cuban mahogany inlay, a brand new custom kitchen with quartz counters, new electrical service, new roof, new appliances, and all new bathrooms, just to start!(new windows to be installed). With 4 bedrooms, plus a 6`11? undeveloped basement, this is not only a great investment, but offers excellent potential for further development.
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Please visit our Open House at 3386 Hazelwood RD.
Open House on Sunday, October 30, 2011 13:00 - 16:00 -Show home at 3392 Merlin.
Choose your home, your lot, your custom features, and move into your dream home in about four months. The ?Devonshire? offers a versatile layout with 1 of the 3 bedrooms, and an additional family room, on the ground level ? a great layout for teens or extended family. Upstairs, enjoy the great room with 9? ceilings, real gas fireplace, open concept kitchen, and sunny deck, all at an amazing price! Constructed by Limona to Built Green BC standards to be a more efficient, cost effective, and healthy home. With 1000 homes built and over 50 CARE awards to their credit, you can be assured of a quality home with lasting value. Net HST included. Show homes open Sat/Sun 1-4pm!
Read

Please visit our Open House at 3370 Hazelwood RD.
Open House on Sunday, October 30, 2011 13:00 - 16:00 -Show home at 3392 Merlin.
Choose your home, your lot, your custom features, and move into your dream home in about four months. The ?Coachwood? offers the ultimate in privacy and value with 9? ceilings, a spacious great room with real gas fireplace, and a large master with ensuite and walk in closet. The spacious & legal 1 bed suite over the detached double garage gives you a lucrative mortgage helper without sacrificing privacy! Constructed by Limona to Built Green BC standards to be a more efficient, cost effective, and healthy home. With 1000 homes built and over 50 CARE awards to their credit, you can be assured of a quality home with lasting value. Net HST included. Show homes open Sat/Sun 1-4pm!
Read

Please visit our Open House at 3382 Hazelwood RD.
Open House on Sunday, October 30, 2011 13:00 - 16:00 -Show home at 3392 Merlin
Choose your home, your lot, your custom features, and move into your dream home in about four months. The ?Thomas? offers a popular layout with 3 bedrooms up. You will enjoy large master with its walk in closet and full ensuite. The ground level, features a great room with 9? ceilings, real gas fireplace and spacious kitchen with island, only a step from your outdoor patio with gas hookup, all at an amazing price! Constructed by Limona to Built Green BC standards to be a more efficient, cost effective, and healthy home. With 1000 homes built and over 50 CARE awards to their credit, you can be assured of a quality home with lasting value. Net HST included. Show homes open Sat/Sun 1-4pm!
Read

Please visit our Open House at 3374 Hazelwood RD.
Open House on Sunday, October 30, 2011 13:00 - 16:00 -Show home at 3392 Merlin
Choose your home, your lot, your custom features, and move into your dream home in about four months. The ?Bridlewood? offers the best in affordability with 4 bedrooms, including a 1 bed legal suite on the no-step ground level ? great for a mortgage helper or extra family. Upstairs, the value continues with 9? ceilings, a great room with real gas fireplace and an ensuite master? all at an amazing price. Constructed by Limona to Built Green BC standards to be a more efficient, cost effective, and healthy home. With 1000 homes built and over 50 CARE awards to their credit, you can be assured of a quality home with lasting value. Net HST included. Show homes open Sat/Sun 1-4pm!
Read
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