I have sold a property at 285 Laura Point Rd in Mayne Island.
Extraordinary west facing 2.04 acres on Active Pass will take your breath away as you stroll through the magical pathways of this carefully landscaped waterfront property. Very well maintained wooden stairs switch back for easy access to the seashore where you can relax on the deck and watch the whales pass by and the sun set. Drive on into the property through forest lined trees with plenty of parking and a circular driveway. Enter into the 3 bedroom 3 bathroom house through a lovely fenced garden with room to add your favorite plants. Built in 1957 this 2 level 2,746 sq ft home has been well maintained throughout the years. A sauna, separate family room, attached garage are special features of this absolutely amazing property. Come feel the magic! This property is being sold "As Is, Where Is" as the owners have not lived in the house for many years. Offers will be presented on October 2nd @ noon, please leave open for 24 hours
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I have sold a property at 108B1 494 Arbutus Dr in Mayne Island.
The perfect Island getaway! A 617 sq ft one bedroom waterfront bungalow with 3 patios totaling 398 sq ft! Fractional ownership giving you six weeks throughout the year of enjoyment and relaxation on Mayne Island. Enjoy easy access to Aquaflora Spa, with lap pool, sauna, hot tub, and compact gym or sit and watch the ever changing water activity. Vaulted ceilings, hardwood floors, high end appliances, granite countertops, heated tiles in spa like four piece bathroom, contemporary furnishings, wireless internet and BBQ on the private patio. Enjoy all that Mayne Island has to offer. Call now for your viewing of this tranquil piece of paradise! GST is applicable.
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5 Factors That Reveal Where The Real Estate Market Is Really Headed


It’s the old supply-and-demand predicament: U.S. home sales continue at a rapid pace, but the number of listings remains limited. Amid historically low mortgage rates, buyers keep shopping, reducing inventory and sparking a rise in home prices.


Meanwhile, homebuilders are coping with an increase in material costs and a shortage of labor. These issues come during an ongoing housing shortage. A National Association of Realtors study shows the U.S. has a deficit of about 2 million single-family homes and 3.5 million other housing units.[1]

 

Follow along to learn the five factors that illustrate where the U.S. housing market is today and is heading tomorrow.

 

ROCK-BOTTOM MORTGAGE RATES TO GRADUALLY RISE

 

Low interest rates continue to fuel demand from homebuyers. Some experts believe mortgage rates will creep up later this year, but they expect rates to remain near historic lows.[2] In June, the Mortgage Bankers Association reported that 2020 closed with the average rate for a 30-year, fixed-rate mortgage at 2.8%. But the association anticipates the average rate climbing to 3.5% at the end of 2021 and 4.2% by the end of 2022.[3]


What does it mean for you?

When mortgage rates are at or near historic lows (as they are today), you should seriously consider taking advantage of those rates to borrow money for a home purchase or to refinance your existing mortgage.

 

HOME PRICES EXPECTED TO KEEP CLIMBING


In June, the national median list price for a home reached an all-time high of $385,000, up 12.7% on a year-over-year basis.[4] And according to the Home Buying Institute, various reports and forecasts indicate home prices will keep climbing throughout 2021 and into 2022.[5] While this may be welcome news for homeowners, high prices are pushing homeownership out of reach for a growing number of first-time buyers.


What does it mean for you?

If you’re a buyer waiting on the sidelines for prices to drop, you may want to reconsider. While the pace of appreciation should taper off, home prices are expected to continue climbing. And rising mortgage rates will make a home purchase even more costly.

 

SINGLE-FAMILY HOME SALES REMAIN ROBUST


Single-family home sales are down from their peak in October 2020 yet are still above the overall level last year. In May 2021, 5.8 million existing single-family homes were sold in the U.S. That’s a 45% increase over the 4 million homes sold in May 2020.[6]


However, home sales saw a 0.9% dip in May 2021 compared with the previous month, the National Association of Realtors says. That was the fourth straight month for a decline in home sales. The number of home sales has slid recently because of rising prices and a lack of inventory, but Fannie Mae expects total home sales to tick up slightly in the fourth quarter and finish the year up 3.8% over last year.[6,7]

 

What does it mean for you?

The market for single-family home sales remains quite active. As a result, if you’re a homeowner, you may want to ponder whether to sell now, even if you hadn’t necessarily been thinking about it. With demand high and inventory low, your home could fetch an eye-popping price.


LACK OF INVENTORY STILL CONSTRAINS THE HOME MARKET


According to the National Association of Realtors, in May there were 1.23 million previously owned homes on the market, down 20.6% from the same time last year.[6]This translates to a 2.5-month supply of homes, which is well below the 6 months of inventory typical in a balanced market.[6,8]According to the Realtors group, the lack of inventory translates into tougher searches for buyers and contributes to a rise in prices.[6]

 

What does it mean for you?

If you’re thinking of selling your home, now may be the right time to do it. Across the country, it’s a seller’s market, meaning demand is outpacing supply. That supply-and-demand imbalance puts sellers in a great position to sell their homes at a premium price. The May 2021 Realtors Confidence Index from the National Association of Realtors found the average home that was sold attracted five offers, and the association says nearly half of homes are selling above list price.[9,10]


CONSTRUCTION OF SINGLE-FAMILY HOMES SEES SLIGHT UPTICK


Frustrated buyers may soon find some relief from an increase in new construction. Economists forecast that 1.1 million new houses will be started in 2021, compared with a predicted 940,000 units just six months ago, with 1.2 million new starts predicted for 2022 and 2023, according to the Urban Land Institute.[11]

 

What does it mean for you?

Given the issues affecting the new-home market, it may make sense to widen your home search to include both new and existing homes. Your brand-new dream home may not be available, but you might be able to find an existing home that lives up to your vision. Keep in mind that we can help you find either a new or existing home and can advocate for you to ensure you get the best deal possible.


ARE YOU THINKING OF BUYING OR SELLING?


If you’re in the market for a home, you’re ready to sell your house or you’ve simply been wondering whether you should sell, you could benefit from an expert to help you navigate the hot real estate market. Let’s set up a free consultation to discuss your situation. We can review your options and come up with a plan to capitalize on the value of your current property or to find your ideal next home.


#realestate #realestateagent #homeowner #realestatemarket #marketstats #homevalues #mortgagerates #mortgage #realestatetrends #realestatetips #buyer #homebuyer #seller #housingmarket #inventory #appreciation #supply #demand

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I have sold a property at 7169 Cedar Brook Pl.
Bright & Sunny 3 bedroom home w/ potential for income suite or home business on lower level. This lovingly maintained home features a functional floorplan with cozy living room complete w/ wood burning fireplace insert & large windows. The spacious kitchen has lots of cupboards & counter top space & a breakfast bar that flows into the full size dining room. A spacious primary suite w/ walk in closet, 3-piece ensuite & a sunny balcony-the ideal place to relax & enjoy your morning coffee. Two additional bedrooms, full bathroom & laundry complete the main level of this home. Downstairs there is so much potential for whatever your needs may be- Kitchenette already in-finish it off into a bachelor suite for extra income, perfect for a home business w/ separate entrance, or that extra space for a growing family. This home has so much to offer & can accommodate many different kinds of buyers! Located on a quiet street just outside the Sooke core- a quick walk to buses & easy drive into Sooke.
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I have sold a property at 40 2911 Sooke Lake Rd.
Peaceful living. Great affordable 2 bdrm, 2 bath, manufactured home in Sooke Lake Road Mobile Home Park. This is a very sought after quiet, adult CO-OP Park that backs onto Goldstream Park and Campground. This home has a lovely yard that gets tons of sun and has plenty of space for gardening. Large deck for entertaining family and friends. Laundry room off the kitchen with lots of storage. Heat pump w/ AC installed in 2020 with a permit. Stay warm all winter and cool all summer! This is not a pad rental, but a 1/93rd share purchase & part ownership in the park. No need to worry about leases getting cancelled! Monthly fees are reasonable and the property taxes are low too.The monthly fee covers your water, garbage pickup, sewer, common area maintenance, satellite TV, and reduced Telus Internet plan. Pet friendly, quick possession possible. Needs a little work, so bring your decorating ideas!
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I have sold a property at 510 Whalen Rd.
Looking for a project? A .6 acre serviced property on a no-through road includes a well, septic system and Hydro. Featuring wide open spaces with plenty of brightness and sun. Bring your building plans and ideas and begin your journey on this easy access property. if you are not ready to build, bring in your trailer and start living in Paradise! There is a bonus workshop to get you going! This property is being sold "AS IS" with many heaps and piles of stuff to remove.
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I have sold a property at 685 Daffodil Ave.
Welcome to 685 Daffodil Avenue: your new oasis in the city. This charming 4 bed, 3 bath three level home with walk out in-law suite has all of the peaceful energy of the country with the convenience of being in town. Enjoy the proximity to Uptown and Tillicum Malls and Royal Oak Centre - all within 5 min drive. Relax in your private covered deck backing on to Swan Creek Park, or enjoy one of many beautiful walking trails through Hyacinth Park and Panama Flats. A hobby gardener's canvas, this property has apple and cherry trees, grape vines and a vegetable patch in the backyard. A detached carport and large backyard workshop provide plenty of room for all of your projects. A heat pump and vinyl windows throughout ensure efficiency and savings. The newly added in-law suite is a great mortgage helper currently rented for $1,300/m! Further updates include a recently renovated upstairs bath with skylight and soaker tub, and redone outdoor siding. Nothing to do but move in!
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I have sold a property at 110B 494 Arbutus Dr in Mayne Island.
The perfect Island getaway! A 622 sq ft one bedroom waterfront bungalow with 419 sq ft of patio space. Fractional ownership giving you six weeks, on a rotating schedule, of enjoyment and relaxation throughout the year on Mayne Island. Enjoy easy access to The Aqua Flora Spa, with lap pool, sauna, hot tub and compact gym or sit and watch the ever changing water activity. Vaulted ceilings, wood floors, high end appliances, granite countertops, heated tiles in spa like four piece bathroom, contemporary furnishings, wireless internet and BBQ on the private patio. Enjoy all that Mayne Island has to offer.
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I have listed a new property at 40 2911 Sooke Lake Rd.
Peaceful living. Great affordable 2 bdrm, 2 bath, manufactured home in Sooke Lake Road Mobile Home Park. This is a very sought after quiet, adult CO-OP Park that backs onto Goldstream Park and Campground. This home has a lovely yard that gets tons of sun and has plenty of space for gardening. Large deck for entertaining family and friends. Laundry room off the kitchen with lots of storage. Heat pump w/ AC installed in 2020 with a permit. Stay warm all winter and cool all summer! This is not a pad rental, but a 1/93rd share purchase & part ownership in the park. No need to worry about leases getting cancelled! Monthly fees are reasonable and the property taxes are low too.The monthly fee covers your water, garbage pickup, sewer, common area maintenance, satellite TV, and reduced Telus Internet plan. Pet friendly, quick possession possible. Needs a little work, so bring your decorating ideas!
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I have sold a property at 1752 Little River Rd.
24.8 acres situated on the Comox Peninsula, minutes to amenities. 1752 Little River Road is a rare offering, located 750 meters from the beach, zoned CR-1, and may have subdivision potential. Services include hydro, municipal water, and there is an older septic system in place. This magical setting offers a wide variety of possibilities for an individual or multi family estate. Watch the video link for additional information.
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I have listed a new property at 504 967 Whirlaway Cres.
Welcome to Residence II at Triple Crown, a comprehensively built development in the City of Langford. This 2 bed 2 bath open floor plan unit has treetop views of Florence Lake and Bear Mountain. This unit comes with 2 parking spaces and a storage locker. A contemporary design with designer cabinetry, SS appliances, quartz countertops, and a sit at island with waterfall countertops. This kitchen feels like you’re in a house and not a condo with full size everything and a gas stove. Hot water on demand, and a triple head and zoned ductless heat pump system for efficient heating and cooling. Euro laminate floor, ceramic tile in bathrooms, custom blinds. No age, BBQ or rental restrictions. PET FRIENDLY with no specific size restrictions on dogs. Minutes to all amenities - trails, golfing, shopping, and swimming. You will love having your evening beverage on your deck with views! Come see for yourself!
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I have sold a property at 834 Sutil Point Rd.
Gorgeous island oasis in the heart of Cortes! White sandy beaches, crystal clear lake waters, downtown amenities & Mansons Landing are right at your fingertips. Serene setting with 2 stunning homes; you'll love the stillness of this property with its’ sweet bird songs, towering trees & honey beehive. Tastefully curated main house features 2 bedrooms plus den & loft! Many updates include a newer roof, windows & paint throughout. The tongue & groove cedar ceiling & wood stove fireplace gives this home a cozy vibe. Beautiful fenced yard w/ landscaping, 4 custom carvings from a renowned local artist, lovely perennials & large raised garden beds. A guest cottage is the perfect retreat for hosting friends & family, or a lovely rental. Bonus! Detached office space/studio for those looking to work & create remotely. Property also includes a share in a lakefront slice of paradise to store your canoe or kayak! No detail has been overlooked on this stunning turn-key property.
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I have sold a property at 457E 4678 Elk Lake Dr.
Welcome home! Great opportunity for first time home buyers or the investor with a great floor plan and proximity tucked away from the road with parking. Enjoy the location and everything it brings - Elk and Beaver Lake walking trails or take in the warm summer days kayaking, canoeing or swimming. This spacious 1 bedroom condo with a bonus solarium/den fits all lifestyles. Easy walking to Broadmead/Royal Oak shopping, restaurants & Commonwealth Pool facility. Easy commute to the airport, ferries or to downtown Victoria. Unrestricted rentals (no short term). The monthly assessment includes includes heat, hot water & hydro making owning in this complex very affordable and a very low property taxes which make this a great value in today's market. Quick possession available! Check out the virtual tour here - https://my.matterport.com/show/?m=iduFZE6VTjd
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I have listed a new property at 685 Daffodil Ave.
Welcome to 685 Daffodil Avenue: your new oasis in the city. This charming 4 bed, 3 bath three level home with walk out in-law suite has all of the peaceful energy of the country with the convenience of being in town. Enjoy the proximity to Uptown and Tillicum Malls and Royal Oak Centre - all within 5 min drive. Relax in your private covered deck backing on to Swan Creek Park, or enjoy one of many beautiful walking trails through Hyacinth Park and Panama Flats. A hobby gardener's canvas, this property has apple and cherry trees, grape vines and a vegetable patch in the backyard. A detached carport and large backyard workshop provide plenty of room for all of your projects. A heat pump and vinyl windows throughout ensure efficiency and savings. The newly added in-law suite is a great mortgage helper currently rented for $1,300/m! Further updates include a recently renovated upstairs bath with skylight and soaker tub, and redone outdoor siding. Nothing to do but move in!
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I have sold a property at 2717 Roseberry Ave.
Located in a highly desirable neighourhood and on a quiet street, this home has been loving maintained and updated with a DETACHED DOUBLE GARAGE/WORKSHOP and a 2bed+den nanny/inlaw suite! Main floor features durable Jatoba wood floors at the entry & new ¾” Birch hardwood floor throughout the living/kitchen area. Wood burning fireplace in the living room, large window overlooking the landscaped yard, open kitchen with maple cabinets & solid surface counters, large laundry room/pantry with a 2pce powder room & rear deck for BBQ’ing. The lower level inlaw suite offers lots of opportunity & space. Fully fenced rear yard, lots of off-street parking, extra storage under the deck & the detached double garage has vacu-flo system, built in workbench & mezzanine. Long list of updates incl: Roof in 2012, Furnace in 2016, HW Tank in 2018 & nearly new appliances in the main house & suite. Near Oaklands Elementary & in the OAK BAY HIGH CATCHMENT, this home is located just minutes from all amenities.
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I have sold a property at 2291 Heron Cres.
Beautiful street appeal welcomes you to this family home in the heart of Comox on a quiet,low-traffic crescent,moments to schools,parks & shops.Excellent plan for families with 3 bedrooms plus bonus room above garage(considered 4th bedroom). Master has a full ensuite & walk in closet.Main floor has a spacious formal living room,open kitchen to dining & a family room.Bright white kitchen with eating bar,pantry,tile backsplash & stainless steel appliances.Laundry room on ground level with some storage.Important updates include a new roof & hot water tank in mid 2020,fence panels,updated flooring,newer laundry set & fresh neutral paint in the main living area.The sun-soaked,fully-fenced south facing back yard offers low maintenance landscaping & plenty of room for the kids and pets to run.Lots of storage in double garage w/shop drawers & 2 large overhead storage shelves.Tenant occupied lease $2500 per month until the end of July.Tenants would like to stay keep excellent care of this home.
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I have sold a property at 276 Porter Rd.
Start your day on the deck of your minimalist 915 s/f home overlooking the organic garden, buzzing with life. Stroll down to the lower area, admiring the Arbutus & Garry Oak. Gather up your paddle board & cross Porter to David Cove. A 5 minute walk takes you to Campbell Bay beach or to the Edith Point trails. The property sits on 3 benches above a sunny lower slope. The upper bench currently has two older storage buildings, while the house is set on the middle bench with a lower level utility room and storage area opening onto the lower garden, housing a state of the art garden-water collection system. Designed by island architect Richard Iredale, this home features a solar-tubing system contributing to in-floor radiant heated concrete floors. Beautiful stone work and open plan living, with no expense spared in the construction of this spectacular 1 level residence. This is the next best thing to waterfront as a swimming beach is right across the street. Come Feel the Magic! See M2M.
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I have sold a property at 1010 26th St.
Welcome to this custom character home built in 1981 but with the feel and style of a different era. Main floor entry opens up to vaulted ceilings and large windows allowing an abundance of light to shine in. Large living room has a new gas stove capable of heating the entire house comfortably. Continuing on the main floor is the primary bedroom with large windows looking into a private treed back yard. Kitchen features quartz countertops, newer appliances and direct access to a covered patio. Separate dining has a cozy intimate feel as well as main floor laundry with bathroom conveniently located a few steps from the bedroom. Upstairs there are 2 more bedrooms and 4pce bathroom, and is like a loft looking onto the living room creating an open space feel. Outside there is almost a 1/4 acre with R2 Zoning, double garage, garden area, 2 patios one with shade one with sun. Very well maintained house w/ long list of newer improvements. House is move in ready, close to all amenities.
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I have sold a property at 4055 Saanich Rd.
Situated on the quiet end of Saanich Rd in the cradle of Christmas Hill, this home is a fabulous find. Level entry, completely renovated with an open floor plan showcasing a stunning kitchen w/ quartz counters, SS appliances, and herringbone backsplash. Oak flooring with a custom finish throughout. 2 spacious bedrooms on the main, beautifully updated bathroom and enclosed sunroom, as well as a large living room with gas FP make this a perfect home for entertaining. 3rd bedroom down PLUS a self contained 2 bedroom suite which could be a one bedroom should you desire the extra space. The enclosed sunroom off the kitchen offers more flexible space along with the adjoining garage that is currently used as a gym. Newer roof, furnace, hw tank and windows. There is natural gas suppling major appliances including dryer, furnace, hw tank, fireplace, stove, bbq and firepit hook-up. Large lot which is perfect for all your toys to park in addition to the garage and carport.Virtual Tour Available
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