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If you have a home to sell, the better you know your buyer, the better the chance that you can make your home attractive to them.  Here are some stats from the Victoria Real Estate Board for all of 2011.  

 

  • 56% of buyers were buying their first home.
  • Most buyers moved because they felt that their home was either too large or too small, the next most popular reason to move was to relocate to a more desirable neighbourhood.  It is interesting to note that less than 1% of homes were purchased solely for vacation use.  This is down from previous years.
  • Looking at single buyers only, female buyers outnumbered male buyers.  Families outnumbered couples with no children, but only slightly.
  • 65% of buyers were moving within the Greater Victoria area.  14% of buyers moved from other provinces in Canada, with only 3% coming from outside Canada.  Ever since the recession, the number of out of country buyers has been lower.
  • And, it seems that Realtors are playing a large role in making their clients aware of the property that theyt end up purchasing - as it should be.  Buyers report that 72% of the time their Realtor pro-actively introduced them to the property through a phone call or through an email search.  Only 15% did Buyers found their new home by searching Realtor.ca or other websites.  

This is just a tiny snapshot of the data that we gather in the effort to help our sellers find the right buyer.  If you have any specific questions, please feel free to give us a call.

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Last week I reported that there was good activity, but not that many actual firm deals on paper.  A week later, as you would expect, that buyer activity is now turning into sales. Sales volume for both condos and detached homes is up over last week and definitely trending in the right direction.  But, it is extremely important for sellers to note that the market remains very price sensitive.  If you are considering selling, you absolutely must price your property at the current market price or buyers will pass it over for those other listings that are more attractive. 

 

It may be more or less a balanced market, but there are enough savvy sellers that less attractively priced properties will not sell.  Please don’t read me as being pessimistic here.  More and more properties are selling and there are lots of buyers in the market for properly priced properties.

 

Over the last 30 days, 154 single family houses were sold, up by 19 houses from last week.  The median price is down $12,000 to $524,500. The average house was on the market for 55 days.

 

In the same time period, 101 condos were sold, up by 9 condos from last week.  The median price is up $5,000 to $270,000. The average condo was on the market for 80 days.

 

There are now 1,563 houses for sale, up by 55 from last week.  Condo inventory has risen by 19 to 848 suites.

(r)(h)

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Please visit our Open House at 3386 Hazelwood RD.
Open House on Saturday, February 4, 2012 13:00 - 16:00 -Show home at 3392 Merlin.
**Show home open Sat/Sun 1-4** 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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Please visit our Open House at 3370 Hazelwood RD.
Open House on Saturday, February 4, 2012 13:00 - 16:00 -Show home at 3392 Merlin
**Show home open Sat/Sun 1-4** 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 3374 Hazelwood RD.
Open House on Saturday, February 4, 2012 13:00 - 16:00 -Showhome at 3392 Merlin Rd
**Show home open Sat/Sun 1-4** 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.
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Please visit our Open House at 11 4045 Rainbow ST in VICTORIA.
Open House on Saturday, February 4, 2012 13:00 - 16:00 **Open house is in Show Suite #3. Rainbow Hill is a community of 20 prestigious view Town homes.
** SHOW HOME OPEN SAT/SUN 1-4pm ** You have worked hard to get to the top, now you can live there! On one of the highest points in the city, Rainbow Hill is a community of 20 prestigious view homes created beyond expectations. Gaze through your 12 foot floor to ceiling windows and take in the panoramic city, mountain, and sunset views. Relax inside your modern town home with Geo-thermal heating and cooling, entertain in your custom Nygaard interior, or just relax on your view deck and take it all in. With spacious, no-step, main level living, plus an additional level for your media room & more, this is as good as it gets and is truly a must see for the discerning luxury home buyer. Photos are of Show Home. HST is included in the price.
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Please visit our Open House at 11 4045 Rainbow ST in VICTORIA.
Open House on Sunday, January 29, 2012 13:00 - 16:00 **Open house is in Show Suite #3. Rainbow Hill is a community of 20 prestigious view Town homes.
** SHOW HOME OPEN SAT/SUN 1-4pm ** You have worked hard to get to the top, now you can live there! On one of the highest points in the city, Rainbow Hill is a community of 20 prestigious view homes created beyond expectations. Gaze through your 12 foot floor to ceiling windows and take in the panoramic city, mountain, and sunset views. Relax inside your modern town home with Geo-thermal heating and cooling, entertain in your custom Nygaard interior, or just relax on your view deck and take it all in. With spacious, no-step, main level living, plus an additional level for your media room & more, this is as good as it gets and is truly a must see for the discerning luxury home buyer. Photos are of Show Home. HST is included in the price.
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We have just sold another property at 2390 Halcyon PL in VICTORIA.  We would love to sell your property, just give us a call.
 
 
Situated on a quiet cul-de-sac in the Tanner Ridge area, this spacious family home offers a light filled, ground level 2br suite with new appliances, and gas fireplace - ideal for the extended family seeking superior accommodation. Upstairs you will discover 4 good sized bedrooms, grand entertainment areas, an open concept family room/nook with a private sundeck, and a renovated island kitchen with granite countertops & S/S appliances. Two fireplaces on this level will keep the entire family warm. This is a crisp, well maintained home on a large, level lot that is set up with a deluxe children?s play set & storage shed & is fully landscaped for maximum privacy.
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Please visit our Open House at 3386 Hazelwood RD.
Open House on Sunday, January 29, 2012 13:00 - 16:00 -Show home at 3392 Merlin.
**Show home open Sat/Sun 1-4** 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.
Read

Please visit our Open House at 3370 Hazelwood RD.
Open House on Sunday, January 29, 2012 13:00 - 16:00 -Show home at 3392 Merlin.
**Show home open Sat/Sun 1-4** 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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