August 2017 Ann Watley Real Estate Market Summary Report
The Greater Victoria BC Real Estate Market
According to the latest August report released by the Victoria Real Estate Board there are 2000 active listings in region. In fact the number hoovers around the 1921 active listings. Not a large number when considering the size of the region and the number of households.
The median house price ($759,000) is 14.3% higher in 2017 than it was in 2016. By all indications, homes are selling faster and for more money. A low listing inventory and an increase in the average selling price indicates the Greater Victoria Region is in a "SELLERS MARKET." Give me a call for a free market evaluation of your home.
"YYJ top 10 airports due to efficiency and ease of use."
"CNN concluded that the regional airport in Sidney has a reputation for ease, efficiency and friendliness, and the author points to value-added quirks like various exhibits and a walking/biking path that navigates around the airport’s perimeter."
For many people in business, travel and access to transportation services is a key component when selecting an area to live in. For big business, air travel is an everyday consideration as they may have to access international markets at any given moment. So, when CNN recognizes the airport in Sidney as a quality transportation hub the entire Victoria Regional District wins.
"Oak Bay voted as best place to live in B.C."
"Oak Bay does outshine others in ways that are hard to match, scoring fairly high on criteria such as having a robust economy, high wealth and incomes, home affordability, low taxes, being transit friendly, health accessiblity, low crime and weather."
When the media highlights one area of the Great Victoria Region, all areas win. We experience this "domino effect" as Realtors when showing homes to buyers. For example, buyers start looking at homes in the Oak Bay region, but as they view more and more homes expanding their search, they end up buying in another region as their needs are highlighted and they become more and more educated in the market.
"Victoria ranked 5th best city in Canada"
A recent article shared the results of the Agents Choice awards. The awards are voted on by travel agents. Realtors, including myself, on occassion meet with travelers who after exploring our region have decided they would like to buy a home. When travel and real estate meet, it creates a positive environment and an economic win-win for the south island.
Link to Victoria Real Estate Board (VREB) Market Report:
Link to Victoria News article, "Victoria airport named one of world’s most loved"
Link to Victoria News article, "Oak Bay voted as best place to live in B.C."
Link to Victoria Buzz article, "Victoria Ranked Fifth Best City"
Ann Watley Featured Real Estate Listings
Sidney Family Home with Suite
"Welcome to Harbour Landing 2017 Built Arts & Crafts style home in new condition. The Salt Spring Plan offered a spacious 3 Bedroom home with an adjoining self contained legal 1 BR suite. " (Learn More)
Walk up Townhouse in the heart of Langford
Welcome to spacious urban living. This New York Brownstone inspired "walk up" style townhome offers 3 Bedrooms & 3 Bathrooms on 3 levels with drive-in garage plus carport! (Learn More)