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Please visit our Open House at 3370 Hazelwood RD.
Open House on Saturday, January 7, 2012 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.
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Please visit our Open House at 3386 Hazelwood RD.
Open House on Saturday, January 7, 2012 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.
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We have a new listing at 2419 SHAW ROAD in COBBLE HILL.
 
Hennessey Acres is located in the historic Cowichan Station. 12.2 acres is bounded partially by Hennessey Creek & the Koksilah River. This property is one of the few locations that has easy access to the river coupled w/ a deep swimming hole. From the moment you enter this home the feeling is warm & spacious. There are 5 bedrooms & 2 four piece bathrooms. Exposed beams support the natural wood ceilings evident on the entire upper floor. The large & light kitchen overlooks the open livingroom sporting a gas fireplace surrounded by antique brick & a copper hood. The upper bathroom doubles as a master ensuite with slate floors & tub surround. The kitchen & dining open to a partially covered enormous deck overlooking the rolling pastures. The lower floor has an energy efficient woodstove nestled in an attractive stone pillar situated in the light & spacious family room. 3 more bedrooms, 2nd bathroom, laundry room & mudroom. 700+ feet of riverfront ensures your secluded enjoyment!
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If you didn't pick up a copy of the Times Colonist today, you missed a great news story that outlines what each of our municipalities are planning for the coming year.  

 

You could argue that the widely varying priorities is why we need amalgamation.  Or, you could say that this is what gives each area its local flavour.  Either way, this is a great article to read no matter where you live. 

(r) (h)

 

Click here to go directly to the TC article

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As 2011 winds down, we would like to wish you and your family a quiet, safe, and happy holiday season as well as the best for the new year.  If 2011 was good to you, we hope that you enjoy the same in the coming year.  If 2012 was less than stellar, we hope that you find what you looking for in 2012.  The good news is that nothing is permanent, and no matter what happened in the past, the future is always a new opportunity.

 

This is always a time of renewal in the real estate market.  Over the next week, listings for properties for sale will likely reach their low point of the year.  In January, as we all get back to work, you can expect a fresh crop of properties available for purchase along with the hopes and dreams tied to them.  Even though we have had some devaluation over the last nine months, I am looking for some price stability in the months ahead.  Since Spring often seems to be the time of the year that most people choose to move, we can expect to see increasing demand which often supports the market, even when inventory is growing as well.  Of course, I don’t have a crystal ball, but I think that we are more likely to see a stable market then a dropping or rising market.  But, only time will tell.

 

Over the last 30 days, 192 single family houses were sold, down by 25 houses from last week.  The median price is up $13,450 to $539,950. The average house was on the market for 60 days. In the same time period, 98 condos were sold, up by 4 condos from last week.  The median price is down $16,500 to $271,000. The average condo was on the market for 55 days.

 

There are now 1,597 houses for sale, down by 42 from last week.  Condo inventory has fallen by 24 to 882 suites.

(r) (h)

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Down at Fisherman's Wharf you can find an eclectic and very green community of float home owners.  Life couldn't be better right?  Well, for the last several years their existence has been in question as their long term moorage was in question.  That's all in the past now!  If you are looking for a different way to live, but still want to be quite urban, this could be the ideal solution for you.

 

Click here for today's article in the TC

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At this time of year it is to be expected that fewer homes will change hands.  Most people, if they have the choice, are focusing on their families and are not out house hunting.  But, if you do have your property on the market over Christmas, and you do get a showing, treat it with the utmost seriousness.  I have found that buyers house hunting at this time of year are pretty darn serious, otherwise they would not be out there.

 

Because of the lower sales volume, the results can be skewed up or down more easily.  For example, this week it looks like the prices of single family homes have dropped again.  We’ve seen a softening trend for some months now so another drop is possible, but I’m going to try and not read as much into it with the current reduced volume. But, no matter how we analyze things, prices are about 5% lower now than they were at the same time last year.  Seller’s need to take this into account or they will have a very difficult time finding a buyer for their property.

 

One point I would like to make is that inventory remains very high as we approach the end of December.  Levels are currently 25% higher than they were at the same point last year.  For buyers this ensures lots of choice.  The opposite is true for sellers as this means increased competition.  But, for sellers, there is a little nugget of good news hidden in there.  Most of the older listings are simply overpriced and will not sell.  This group of unsuccessful sellers have not taken into account the softening prices which means that each week their properties become a little less attractive to buyers.  Most of the sales that we are seeing are newer listings from savvy sellers who understand the current market, and work with their Realtor to correctly price their property.  Even though this is typically the quietest time of the year, there are still many properties of all types selling – as long as they are priced well.  As a seller, it is your choice!

 

Over the last 30 days, 217 single family houses were sold, down by 18 houses from last week.  The median price is down $13,500 to $526,500. The average house was on the market for 53 days.

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