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goodtobehome.ca

March 2019 Issue
778-677-9910
Gower Smith Real Estate Team
Your Victoria Real Estate Update

Hello Friend

Welcome to our newsletter. Here you will find the latest real estate news and stats for your area. If you would like more information about market conditions in your community, or have any other real estate related questions, please contact us. We would be happy to meet with you to see how we can help you out.

Eric, Kris and Blair
The Gower Smith Real Estate Team

Coldwell Banker Oceanside Real Estate
778-677-9910
https://goodtobehome.ca/

Guideline B-20 Continues to Dampen Housing Sales

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Sales of single-family homes in February board wide dipped by 28 per cent year over year but were up 10 per cent from January.

Last month, 228 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 315 in February 2018 and 208 the previous month. In the apartment and townhouse categories, sales dropped by 20 per cent and 21 per cent, respectively. Inventory of single-family homes in February rose by 23 per cent from one year ago (812 to 999) while active listings of apartments climbed by 17 per cent (224 to 261) year over year and townhouses by 28 per cent (127 to 163).

In its 2019 First-Quarter Housing Market Update, the British Columbia Real Estate Association (BCREA) expects residential sales in the province to increase 2.1 per cent to 80,000 units this year, after recording 78,345 in 2018. MLS® residential sales are forecast to increase a further 6.9 per cent to 85,500 units in 2020, while the 10-year average is 85,800 units.

Click here for the full report.

Jumpstart Your Spring Cleaning: 3 Commonly Cluttered Spots to Start

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Spring is almost here and with it, spring cleaning! This season marks a fantastic opportunity to clear the clutter from your home and get a fresh start on the rest of the year. Take this chance to get a jumpstart on your spring cleaning so that when those warmer temperatures and longer days come, you will have more time to enjoy them! These three commonly cluttered spots are a great place to get started on your spring cleaning.

Make Your Entryway Guest-Ready

Between shoes, newspapers, jackets, and more, it is easy to unintentionally turn your entryway into an obstacle course. Try to pare back the items in your entryway so that only the frequently used essentials remain. For those with impressive shoe collections that tend to find themselves scattered around your front door, a shoe rack is definitely worth the investment. For another easy decluttering win, be sure to move off-season jackets and clothing items into a closet for later use.

Purge Your Closets

Purging your closets can be one of the most challenging parts of spring cleaning. Years of clothing items being tucked away out of sight and out of mind can add up! A great way to start is by taking all of the clothes out of your closet and going through each item one by one. If you find any items that haven’t been used in years, it is probably safe to donate them to someone who will. Another great tip is to give your closet a good deep clean after it has been emptied!

Clear Out the Garage

If your garage is beginning to look like an episode of Hoarders, now is the perfect time to change that! Use this opportunity to take a deep dive into your garage’s clutter and find any unneeded items to clear from your garage. Protip: gloves are always recommended when sorting through a garage’s clutter in case of any sharp objects (or spiders!).

Here’s hoping everyone has a wonderful spring!

Victoria Market Watch - Detached

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Stats are calculated comparing February 2019 to February 2018 .

To see more information on local stats in Victoria, please click here.

Victoria Market Watch - Townhouse

Stats are calculated comparing February 2019 to February 2018 .

To see more information on local stats in Victoria, please click here.

Victoria Market Watch - Condo

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Stats are calculated comparing February 2019 to February 2018 .

To see more information on local stats in Victoria, please click here.

Local Events

CRAFTED FARMHOUSE MARKET
Victoria, BC
March 15, 2019 - March 16, 2019
BEACHY TERRARIUM WORKSHOP
Victoria, BC
March 23, 2019
CAPITAL CITY COMIC CON
Victoria, BC
March 22, 2019 - March 24, 2019

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This is not intended to solicit properties currently listed for sale or individuals currently under contract with a brokerage.


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