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goodtobehome.ca

August 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/

Victoria Real Estate Board

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A steady Greater Victoria area real estate market continues into summer

A total of 706 properties sold in the Victoria Real Estate Board region this July, 8.4 per cent more than the 651 properties sold in July 2018 but a 4.6 per cent decrease from June 2019. Sales of condominiums were up 14.4 per cent from July 2018 with 215 units sold. Sales of single family homes increased 2.1 per cent from July 2018 with 347 sold.

“It’s not surprising to see the numbers trending slightly upwards compared to last year as the market slowly adjusts to government changes like the B20 mortgage stress test and the continuing low mortgage interest rates,” says Victoria Real Estate Board President Cheryl Woolley. “Activity feels more normal now – more like before the real estate market in Greater Victoria saw the huge uptick in 2016 and 2017. It is a good time to buy and sell as consumers have more time to work with their REALTORS® and make decisions. We’ve seen a little more inventory added to the market compared to last year, which means more choice for buyers.”

Click here for the full report

Crank up Your Curb Appeal This Summer

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Summer is the perfect time to spruce up the exterior of your home and help it look its best year-round. Besides making your home look more welcoming, boosting your home’s curb appeal is also a fantastic way to attract potential homebuyers. If you are thinking about revamping your home’s curb appeal, these inexpensive projects are the perfect place to start!

Get Rid of the Grime with a Power Wash

Years of accumulated dirt and dust can really put a damper on your home’s appearance. A power wash is a simple way of freshening up a home’s exterior that can make it look brighter and more attractive. Concrete driveways and walkways can also really benefit from a good power wash!

Touch up Your Home’s Paint Job

Through regular wear and tear, it is natural to have the paint on your home bubble and crack in a few spots. Thankfully, fixing these spots isn’t too much of an issue! If a part of your home’s paint is peeling, take a few chips to your local paint store to find a color that matches. Be sure to do a couple of test patches to see how a color looks once it has dried. Once you have your matching color, you will want to scrape the paint off of any rough-looking patches and apply a primer before you start painting.

Bring Some Color to Your Garden

Bright, colorful flowers are a great way to raise your home’s curb appeal! Perennial flowers such as certain types of sunflowers and lilies are low-maintenance additions that are sure to bring a welcoming splash of color to your front yard.

Victoria Market Watch - Detached

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Stats are calculated comparing July 2019 to July 2018 .

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

Victoria Market Watch - Townhouse

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Stats are calculated comparing July 2019 to July 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 July 2019 to July 2018 .

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

Local Events

33RD VICTORIA FRINGE FESTIVAL
Victoria, BC
August 21, 2019 - September 1, 2019
GREAT CANADIAN BEER FESTIVAL
Victoria, BC
September 6 - 6, 2019
MOON FESTIVAL LANTERN CELEBRATION
Victoria, BC
September 14, 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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