November 14, 2014
We're rapidly approaching the end of 2014! Thanksgiving has come and gone, a very moving Remembrance Day saw many out for the services across the country, US Thanksgiving is coming up soon and then of course Christmas. Decorations are in the stores already and there's much discussion about when Christmas Carols should start being played. December 1 is plenty early I think - and most of the store clerks agree.
Some exciting news from my new Brokerage, Newport Realty. Two pieces actually - we have just finalized our affiliation with Christie's International. We are now the Western Canada Representative for this very presitigous and world-wide organization. We remain locally independent but now have some wonderful opportunities for marketing abroad. And, speaking of local, we have just today officially opened our new office in Sidney (BC). If you happen to find yourself wandering the streets of our lovely sea-side town, drop in and say hello to the Newporters who will be manning our new office.
The real estate market is acting a bit strange this year. Sales are up over last year by quite a bit so there are lots of good strong buyers out there but the inventory of properties for sale is way down. We're sitting at just 3,572 today and that's not a lot to choose from when this covers our entire region. What does that mean? If you're looking to sell - now is the time, when there is little or not competition. It doesn't drive the price up beyond market value but it does get your property sold.
I currently have three listings on the market. If you're looking for a fixer-upper, either to flip, rent or live in, come and check out my listing at 1726 Bay Street. It's a lovely old place that needs some TLC. If you want to be in the heart of downtown I have a condo in James Bay that is in an absolutely superb location - an easy walk to everything without the noise of being right in the core. And if you like something a little bit more rural but still easily accessible to everything I've just listed a 2 bed plus den, 2 bath condo at Richmond Gate. This development has held it's value since it was built in 2008 and all who live there love it.
Open houses are a great way to get introduced to what's available in the market but be sure to stay true to your REALTOR® if you're already working with one. Tell the agent at the Open who your REALTOR® is and then don't tell them anything else - they don't owe you any agency obligation and if you ultimately decide you want to offer on the property, the listing REALTOR® is obligated to tell their client everything they know about you - make sure they don't know anything important! For a list of my upcoming Open Houses check out my Open Houses page. For most of the open houses going on in Victoria, click on the OpenHousesVictoria button for a comprehensive list. This is a great website for up-to-date information - check it just before you head out to open house - there may be new additions or some may be cancelled at the last moment.
Interesting Articles in the News
Please have a look at my In The News page for interesting articles about the real estate market in Victoria and around British Columbia.
For immediate assistance please call me at 250-385-2033. I look forward to meeting you.