December 2025

December is here, and the holiday season is rapidly approaching. I wish you and your family all the best over the holidays, and a prosperous New Year!
The Victoria Real Estate market has remained stable over the last few months. Sales numbers dropped in November but that is typical as we near the end of the year. While interest rates are poised to remain unchanged in the coming months, and listing inventory on the higher side, prices continue to remain stable, which shows the resilience of the Victoria market. Not much is expected to change in the Greater Victoria market for the remainder of the year, and into 2026.

Below are some statistics for November 2025 throughout the Greater Victoria region

Listing Inventory:

There were 3,152 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2025, a decrease of 7.9 % compared to the previous month of October and an 11.1 % increase from the 2,836 active listings for sale at the end of November 2024. Today’s elevated inventory is giving buyers exceptional selection, but it also puts pressure on sellers to price sharply to stand out. With roughly one in seven properties selling each month, proper pricing is essential for Sellers to attract viewings and offers.

Sales:

A total of 451 properties sold in the Victoria Real Estate Board region this November, 18.1 % fewer than the 551 properties sold in November 2024 and 26.9 % fewer than in October 2025. Sales of condominiums decreased by 36 % from November 2024 with 119 units sold. Sales of single-family homes decreased by 8.4 % from November 2024 with 241 sold. The sales numbers decreased considerable in November. Declining numbers towards the end of a year are not unusual, but with interest rates lower today than in 2024, this is unusual. The effects of the global and Canadian economic picture might be catching up with our local markets. The coming months should remain relatively unchanged, but it is hard to predict outcomes in these uncertain times.

Average Victoria Real Estate Prices:

The Multiple Listing Service® Home Price Index* benchmark value for a single family home in the Victoria Core in November 2024 was $1,313,900. The benchmark value for the same home in November 2025 decreased by 2.8 % to $1,276,700, down from October’s value of $1,280,100. The MLS® HPI benchmark value for a condominium in the Victoria Core area in November 2024 was $542,100, while the benchmark value for the same condominium in November 2025 increased by 2 % to $553,100, up from the October value of $549,000. Single-family home prices are not only lower than in 2024, but they also dipped slightly compared to October of this year. With inventory remaining high, sellers need to price accurately to capture buyer interest. Condo prices saw a small month-over-month increase, but condos continue to be more challenging to sell due to oversupply. Overall, prices across Greater Victoria have been relatively stable and are expected to remain this way for the foreseeable future.

For the full Victoria Real Estate Boards Statistical Package for 2025 click on the following link below

https://www.vreb.org/current-statistics#gsc.tab=0

The BC Tax Assessment Values are now out for 2025.
You can click on the link below to confirm your current assessed value. If you have any questions about these values, please reach out to me and I can do some research to verify if they are inline with the neighborhoods values.

https://www.bcassessment.ca/

Featured Listings:

113 1201 Nova Crt $749,800

 Step into contemporary elegance with this beautifully appointed 3-bedroom, 2-bath modern townhome — a perfect blend of design, comfort, and functionality. The open-concept layout is filled with natural light, featuring a sleek fireplace as the centerpiece of the living area. 14′ vaulted ceilings, quartz counters in kitchen, wide plank ,aminate flooring, natural gas stove and tankless hot water heater. Primary bedroom has ensuite and large walk-in closet. Enjoy seamless indoor-outdoor living with a private balcony and a spacious 267 sq/ft roof top deck with electrical, water and gas hookup, perfect for morning coffee or evening entertaining with sweeping forest and mountain views. The large carport offers convenient covered parking for 2 vehicles, and additional storage. Bonus 4’10” full crawlspace for storage. Thoughtfully designed with quality finishes throughout, this home delivers effortless modern living in a desirable location close to shopping, parks, and vibrant local amenities.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1018597-113-1201-nova-crt-langford-v9b-0t7.107266465

216-1375 Bear Mountain PKWY  $529,800

OPEN HOUSE SAT, DEC 13TH, 10:00AM-11:30AM. Located on Bear Mountain in the popular St. Andrew’s Walk. Quietly tucked away overlooking the 9th fairway, this beautifully updated 2 bed condo offers a rare blend of privacy and effortless living. Covered south-facing deck invites you to unwind as the afternoon sun shines bright into the suite, and enjoy the tranquil golf course views & the gentle flutter of hummingbirds. The gourmet kitchen, featuring granite counters & a comfortable eating island, flows effortlessly into the Living and Dining areas, creating a bright, open-concept space with a cozy electric fireplace. Updates includes quality wood floors, newer appliances, built-in cupboard organizers that maximize function and style, Murphy bed in 2nd bedroom. Lots of storage, bike area, and secure underground parking. A truly inviting home in a peaceful natural setting. Just Steps away from the Village, Westin Hotel & Spa, Athletic Club, & restaurants. Secure parking, Pets allowed

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1020510-216-1375-bear-mountain-pkwy-langford-v9b-0c9.107348919

1954 Polo Park Crt  $849,800

OPEN HOUSE SUNDAY, DECEMBER 14TH, 1-3PM. Impeccably presented and thoughtfully designed, this three-bedroom residence offers over 1,600 sq ft of refined living in one of Saanichton’s most convenient & desirable settings. Soaring ceilings & abundant natural light create an airy sense of space throughout. The gourmet kitchen features a corner island & breakfast area, perfect for casual mornings, while the spacious living and dining areas open seamlessly and lead to a private garden patio. The main-floor primary bedroom offers a spa-inspired ensuite with a soaker tub and separate shower and walk-in closet. Upstairs has two more spacious bedrooms and a main bathroom. A double garage and private driveway for 2 more cars complete the package. Lots of storage. Located just steps from shopping, cafés, and local amenities, and centrally located for easy commute to both Sidney and Victoria, this exceptional home blends comfort, lifestyle, and location in perfect harmony.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1020418-1954-polo-park-crt-central-saanich-v8m-2k1.107348968

 Lot A 265 Trans Canada Hwy  $3,999,800

Moon Water Lodge is a beautiful west coast designed boutique Hotel situated on a special 9.58acre parcel with spectacular panoramic ocean and mountain views of Finlayson Arm and Mt. Finlayson. The business is running very well and is quite self sufficient. 8400 sq/ft on 4 levels with 14 rooms with potential to expand as lowest level is unfinished. Sale includes the business, building and land. The large acreage has great potential as well. Hotel was built in 2002. The rooms are all positioned to take advantage of the views, with kitchenettes, propane fireplaces, soaker tubs. Real Estate and Business are included in sale. All Business equipment, supplies and web site are included. Serviced by septic treatment plant and drilled well. Located next door to the Malahat Chalet restaurant. Call for appointment.

View Listing here  https://dalesheppard.com/search-listings/featured-listings/#!listing.1015717-lot-a-265-trans-canada-hwy-malahat-v0r-2l0.107100197

We closely monitor the Victoria BC real estate market. If you or any of your family or friends require related information, feel free to contact Dale at 250-744-0844, or email him through his website: www.dalesheppard.com

The information contained in this blog is for general information purposes only. The information is provided by Dale Sheppard and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.

The post Victoria Real Estate Market Update-December 2025 appeared first on Dale Sheppard.

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September 2025

Victoria real estate market has slowed slightly over the course of the summer, while listing inventory has increased over the last year, leaving more choice for Buyers while Sellers must price their properties correctly to attract interest.

Below are some of the statistics for August 2025

Listing Inventory:

There were 3,600 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2025, a decrease of 2.8 % compared to the previous month of July and a 12.8 % increase from the 3,191 active listings for sale at the end of August 2024. This increased inventory is putting some downward pressure on prices.

Sales:

A total of 525 properties sold in the Victoria Real Estate Board region this August, 3.7 % fewer than the 545 properties sold in August 2024 and 22.8 % fewer than in July 2025. Sales of condominiums decreased by 16 % from August 2024 with 152 units sold. Sales of single family homes increased by 6.3% from August 2024 with 268 sold. Condos are struggling the most in this market. Single family sales numbers have actually increased from a year ago.

Average Victoria Real Estate Prices:

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August 2024 was $1,287,400. The benchmark value for the same home in August 2025 increased by 1.6 % to $1,308,100, down from July’s value of $1,338,800. The MLS® HPI benchmark value for a condominium in the Victoria Core area in August 2024 was $559,200 while the benchmark value for the same condominium in August 2025 decreased by 1.4 % to $551,300, down from the July value of $563,300. Overall prices are now only up 1.6% from one year ago and seem to have topped out in July as we are now seeing slight monthly drops in all sectors over the last month. The Bank of Canada is leaning towards dropping the overnight interest rate at the next meeting next week, so let’s hope this helps to prop up the market in the coming fall months.

For the full Victoria Real Estate Boards Statistical Package for 2025 click on the following link below

https://www.vreb.org/current-statistics#gsc.tab=0

The BC Tax Assessment Values are now out for 2025.
You can click on the link below to confirm your current assessed value. If you have any questions about these values, please reach out to me and I can do some research to verify if they are inline with the neighbourhood values.

https://www.bcassessment.ca/

Featured Listing:

1375 Neild Rd  $699,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1011124-1375-neild-rd-metchosin-v9c-4h4.106643248

96 2500 Florence Lake Rd  $207,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.995065-96-2500-florence-lake-rd-langford-v9b-4h2.105265380

106 2049 Country Club Way $624,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1003729-106-2049-country-club-way-langford-v9b-0h8.106165778

 6885 Laura’s Lane  $769,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1011348-6885-laura-s-lane-sooke-v9z-0p8.106706462

704 373 Tyee Rd  $529,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1008873-704-373-tyee-rd-victoria-v9a-0b3.106537624

3956 Long Gun Pl $949,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1012126-3956-long-gun-pl-saanich-v8n-3a9.106735137

 Lot A 265 Trans Canada Hwy  $4,499,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1008298-lot-a-265-trans-canada-hwy-malahat-v0r-2l0.106458645

301 2706 Peatt Rd  $449,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1008272-301-2706-peatt-rd-langford-v9b-3v3.106484929

We closely monitor the Victoria BC real estate market. If you or any of your family or friends require related information, feel free to contact Dale at 250-744-0844, or email him through his website: www.dalesheppard.com

The information contained in this blog is for general information purposes only. The information is provided by Dale Sheppard and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.

The post Victoria Real Estate Market Update-September 2025 appeared first on Dale Sheppard.

A Comprehensive Look at British Columbia’s Fastest-Growing Oceanfront City

Just 10 kilometers from Victoria, the City of Colwood stands as one of British Columbia’s most dynamic growth stories. This affluent seaside community is transforming from a quiet residential enclave into a model sustainable city, balancing rapid development with environmental stewardship and exceptional quality of life.

Current Landscape: Colwood in 2025

Population and Demographics

Colwood’s growth trajectory is nothing short of remarkable. The city’s population reached 21,384 in 2024 and is projected to hit 21,919 by 2025, representing sustained growth from the 2021 census figure of 18,961 residents. This 12.5% increase from 2016 demonstrates the community’s strong appeal, with population projections showing a 13% increase by 2026 and an ambitious 30% growth by 2038.

The demographic profile reveals a prosperous and educated community. With an average age of 42.3 years and a balanced gender split (49.3% male, 50.7% female), Colwood attracts primarily working professionals and families. The largest age groups are adults over 65 (3,655 individuals) and children under 14 (3,150 people), indicating both a stable retiree population and strong family appeal.

Economic Prosperity

Colwood’s economic indicators consistently outperform regional and provincial averages. The median household income of $102,000 significantly exceeds both neighboring Langford ($93,000) and the broader Capital Regional District ($84,000). Even more impressive, the average household income reached $119,884 in 2020, with 40% of homes falling into the higher income bracket of $120,000+.

The community boasts exceptional employment statistics with a 5.1% unemployment rate—substantially lower than Langford (6.2%), the CRD (6.8%), and BC overall (8.4%). The workforce is highly educated, with 22% holding university degrees, while the top employment sectors include sales and service (2,515 workers), education/law/government services, and trades/transport (1,750 each).

Housing Market Strength

The housing market reflects the community’s desirability and economic strength. Home ownership rates reach 73.5%—higher than Langford (64.8%) and the CRD (62.9%)—with a median home value of $800,000. The housing stock is predominantly single-detached homes (49.3%), with apartments comprising just 2.5% of the market. Average household size sits at 2.5 people across 7,435 total households.

Business Environment

Colwood’s business community thrives with over 600 businesses, including many home-based operations, achieving a remarkable 92% business satisfaction rate. The city’s strategic location offers lower operating costs than Victoria, Vancouver, Seattle, and Silicon Valley, while providing easy access to Victoria International Airport (less than 40km) and BC Ferries terminals.

The Future: Sustainable Growth and Innovation

Projected Population Growth

By 2030, Colwood’s population will likely reach 25,000-26,000 residents—approximately a 32% increase from 2021 levels. This growth aligns with the city’s long-term projection trajectory while maintaining the community’s high quality of life and affluent demographic profile. Median household incomes are expected to exceed $120,000 (adjusted for inflation), preserving Colwood’s position as one of the region’s most prosperous communities.

Transformative Urban Development

Major Development Areas will reshape Colwood’s landscape:

The Beachlands represents the centerpiece of Colwood’s transformation—a $1.2 billion, 134-acre oceanfront development featuring approximately 2,800 homes along 1.4 kilometers of shoreline. Nearly 50 acres will be dedicated to parks and public spaces, including nature trails, an amphitheater, and a covered public square. This project alone is expected to create 10,500 jobs throughout its development and beyond.

Royal Bay, the city’s fastest-growing neighborhood, will be substantially completed by 2030. The Royal Bay Commons already features Quality Foods, Cascadia Liquor, and other commercial services, with additional phases including a new elementary school, the Royal BC Museum Collections and Research Building, and expanded recreational amenities.

Colwood Corners will emerge as a vibrant mixed-use center with approximately 125,000 square feet of commercial space, positioned as the gateway to Colwood with thoughtful urban design principles guiding development over the next 30-50 years.

Transportation Revolution

Colwood’s transportation infrastructure will undergo dramatic improvements by 2030:

• Transit priority lanes between Colwood Corners and downtown Victoria will provide faster, more reliable public transit connections
• A new grade-separated Galloping Goose Regional Trail crossing at Island Highway will enhance pedestrian and cycling safety (funded with $3.4M federal investment)
• New waterfront walkway connecting Colwood Corners to The Beachlands and Royal Bay will create seamless coastal access
• Feasibility studies for ferry service between Royal Bay and Victoria Harbour may introduce innovative water transit options

The city is updating its Transportation Master Plan to accommodate the nearly 20% population increase since 2011, emphasizing multi-modal transportation options and reduced automobile dependency.

Environmental Leadership and Climate Action

Colwood has positioned itself as a climate action leader, declaring a climate emergency and committing to carbon neutrality, energy positive operations, and smart water management as outlined in its Official Community Plan.

Building Standards Innovation: All new construction will meet Zero Carbon Step Code Emissions Level 4 (EL-4) requirements by 2030, mandating electric heating and hot water systems and essentially eliminating carbon emissions from new buildings.

Provincial Alignment: The city aligns with BC’s CleanBC Roadmap to 2030, targeting 40% reduction in greenhouse gas emissions below 2007 levels and ensuring all new buildings achieve zero-carbon status.

Economic Development and Employment

Employment opportunities are projected to increase by 83.7% by 2038, suggesting substantial job creation by 2030. The city anticipates adding up to 204,000 square feet of retail floor space by 2038, with significant progress expected in the next five years.

Colwood’s business costs remain lower than major urban centers while offering exceptional quality of life for employee retention. The community’s embrace of hybrid and remote work (52% of residents according to household prosperity surveys) positions it well for the evolving employment landscape.

Community Infrastructure Enhancement

Parks and Recreation improvements will include enhanced Ocean View Park facilities, expanded Latoria Creek Park, and new recreational amenities in Royal Bay. The city maintains 60+ parks totaling 89 hectares of parkland featuring diverse natural areas, trails, beaches, lakes, and streams.

Waterfront Stewardship will transform Colwood’s coastline into “a stewarded, world-class destination for residents and visitors alike,” with enhanced public access, environmental protection, and recreational opportunities.

Strategic Positioning for the Future

By 2030, Colwood will have successfully evolved from a suburban bedroom community into a complete, sustainable seaside city. The transformation encompasses:

• Robust employment opportunities reducing dependence on Victoria commuting
• Enhanced transit connectivity improving regional integration
• Climate leadership serving as a model for sustainable oceanfront development
• Maintained affluence and quality of life preserving the community’s appeal to families and professionals

Housing Targets and Infrastructure

The city is already “on track” to meet provincial housing targets, with 586 residential units currently under construction and major developments progressing. However, Mayor Doug Kobayashi emphasizes the importance of corresponding infrastructure improvements: “As cities like Colwood welcome new neighbours, there is a corresponding increase in demand for services and infrastructure such as roads, sewer service, parks, recreation, education and protective services.”

Infrastructure improvements are already underway, including intersection upgrades, transit improvements, new sidewalk projects, and the Galloping Goose pedestrian and cycling bridge.

Colwood’s trajectory from 2025 to 2030 represents more than just population and economic growth—it embodies a vision for sustainable community development that other cities can emulate. By balancing ambitious development goals with environmental stewardship, maintaining high quality of life standards while accommodating growth, and fostering economic opportunity alongside community values, Colwood is positioning itself as a premier destination for families, professionals, and businesses seeking the best of coastal British Columbia living.

The city’s success will ultimately be measured not just in population numbers or economic indicators, but in its ability to preserve the natural beauty and community character that make it special while adapting to the challenges and opportunities of the 21st century. As Colwood approaches 2030, it stands poised to achieve this delicate balance, setting a new standard for sustainable coastal communities across Canada.

Are you thinking about selling your Colwood home? Let Dale help.

Data sources include Statistics Canada 2021 Census, City of Colwood Official Community Plan, BC Stats population projections, and municipal planning documents. Population and income figures represent the most current available data as of 2024-2025.

The post Colwood appeared first on Dale Sheppard.

Diverse Property Portfolio

The municipality offers an exceptional range of property types that cater to various lifestyle preferences. Waterfront properties along the coastline provide stunning ocean views and private beach access, with many featuring deep-water moorage for boating enthusiasts. The interior areas showcase expansive rural estates set on acreage, offering privacy, equestrian facilities, and the opportunity for hobby farming or simply enjoying the tranquil countryside setting.

Natural Beauty and World-Class Attractions

North Saanich’s landscape is characterized by rolling farmland, mature forests, and dramatic coastal bluffs. The area is perhaps most famous for being home to the internationally renowned Butchart Gardens, a 55-acre horticultural masterpiece that attracts over one million visitors annually. This proximity to one of Canada’s most celebrated tourist destinations adds both cultural richness and property value to the region.

Rural Charm with Urban Convenience

Despite its rural character, North Saanich offers residents the perfect balance of country living with convenient access to urban amenities. The community maintains its agricultural heritage through local farms, farmers markets, and u-pick operations, while remaining just 30 minutes from downtown Victoria. Residents enjoy excellent schools, parks, recreational facilities, and a strong sense of community, all while surrounded by some of the most beautiful natural scenery in British Columbia.

Investment and Lifestyle Appeal

The combination of transportation accessibility, natural beauty, and proximity to major attractions makes North Saanich particularly attractive to both permanent residents and those seeking vacation properties. The area’s unique positioning offers the serenity of island living with the convenience of mainland connectivity.

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This isn’t a decision to take lightly. Your home provides stability and shelter – selling it changes your entire financial picture. But for some people in specific situations, it can make strategic sense.

The Equity Equation

Victoria’s housing market has been a strong performer. If you bought a home even a decade ago, your equity may have grown dramatically. As of 2025, single-family homes in the Victoria core average over $1.3 million. That means even modest homes may have six figures of untapped equity.

But there’s a key distinction: equity isn’t cash. It’s tied up in your home. To access it, you either need to sell, refinance, or use a home equity line of credit (HELOC) or reverse mortgage.

When Selling Actually Makes Sense

Selling your home to access the cash value makes sense in specific life scenarios:

• You’re relocating permanently, either for work, family, or lifestyle.

• You’re retiring and ready to rent — not temporarily, but as a long-term choice.

• You’ve inherited another property and no longer need your current home.

• You’re downsizing to reduce maintenance or housing costs.

In these cases, unlocking your equity can fund your next chapter. But ask the hard question: Where will you live next — and at what cost?

The Real Financial Picture

Yes, Victoria real estate has performed well. Yes, you might get a good price in the current market. But selling comes with costs: realtor fees, legal fees, moving expenses, and often higher ongoing housing costs.

Selling a home isn’t free money. Here are some real-world financial impacts to consider:

• Selling costs: Realtor commissions, legal fees, moving expenses, staging costs, and possible capital gains (if the home isn’t your primary residence).

• Renting after selling: Monthly rent may exceed your current mortgage, taxes, and maintenance — especially in Victoria’s high-demand rental market.

• Lost tax advantages: Home ownership often comes with tax benefits that renting doesn’t.

If you’re planning to rent after selling, compare your current total housing costs (mortgage, taxes, insurance, maintenance) to local rental prices. In Victoria’s rental market, you might find your monthly housing costs actually increase while losing the tax advantages of ownership.

The numbers matter. Do the math before you make the move.

What About the Future?

Consider where you’ll be in 10 years. Will you want to buy again? Re-entering the housing market later can be expensive, especially if prices continue rising. At that point, you’re competing with current market prices without the benefit of years of equity building.

If health issues or mobility concerns factor into your decision, those are legitimate considerations. But make sure you’re solving the right problem – sometimes modifying your current home makes more sense than selling it.

The Risks Nobody Talks About

Cashing out your home equity removes your hedge against inflation and housing market appreciation. If you sell and spend the money on consumption (travel, cars, lifestyle), that wealth is gone permanently.

There’s also the psychological factor. Many people underestimate how much financial security homeownership provides, even when the house needs maintenance or feels like a burden.

Making a Smart Decision

If you’re seriously considering this move, start with hard numbers. What would you net from the sale after all costs? Where would you live, and what would that cost monthly? How would this change your long-term financial picture?

Consider alternatives too. A home equity line of credit might give you access to some cash without giving up ownership. Downsizing to a smaller property might free up equity while keeping you in the housing market.

The Bottom Line

Selling your home to unlock equity can make sense — but only in specific, carefully considered situations. Before taking that leap:

• Crunch the numbers: What will you net after selling costs?

• Understand your next move: Where will you live, and what will it cost?

• Think long-term: How will this affect your financial security 5, 10, or 20 years from now?

Don’t let market enthusiasm or lifestyle fantasies drive this decision. Think through the practical realities and long-term consequences.

Considering your options with your home equity? Let’s look at the real numbers for your situation and discuss whether selling makes financial sense for your specific circumstances.

The post When Selling Your Victoria Home Makes Financial Sense appeared first on Dale Sheppard.

Saanich BC

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Tools to Market Your Home

Dale Sheppard – RE/MAX Camosun – Serving all Greater Victoria

Marketing Assessment and Staging

Each client that works with Dale to sell their home receives complimentary home staging services – helping you sell your home FAST and for top dollar!

Why Your Should Stage Your Home

First impressions count, and you can count them in dollars when you market your home! You have already made the most important decision to sell your home, so why not get your maximum financial return.

What Is Home Staging?

Home staging is more than clearing your clutter ahead of listing your home; it is also about rearranging the furniture and accessories that you already own and displaying your home to it’s best potential. This may also include touch-ups such as painting and small repairs.

The goal of home staging is to prepare your home and property for sale by creating an inviting environment that encourages potential buyers to envision themselves living there. Staging your home, whether the changes are big or small, can make all the difference in how quickly and for what price your home sells.

Staging Services Provided by:

KIM SHEPPARD INTERIORS

TEL: (250) 744-6848
kim@kimsheppardinteriors.com

Learn More

Professional photo shoot & virtual tour

Real estate professional photography and virtual tours represent pivotal tools in contemporary property marketing, offering a compelling visual narrative to prospective buyers. High-resolution photographs captured by professional photographers highlight a property’s best features, enhancing its appeal through carefully composed shots that emphasize space, light, and unique architectural elements.

Virtual tours, leveraging cutting-edge technology, provide an immersive experience, allowing potential buyers to navigate through properties virtually, fostering a more personal and engaging exploration of spaces. This combination of professional photography and virtual tours not only showcases properties in their most flattering light but also extends their reach to a broader audience, thereby facilitating quicker sales and potentially higher property values.

These tools are indispensable in today’s competitive real estate market, where visual impact and convenience play a crucial role in attracting and retaining the interest of potential buyers.

Learn More

Floor Plans

Drone photography in real estate listings has revolutionized the way properties are presented, offering an unparalleled aerial perspective that enhances the visual appeal and informational value of listings. By capturing high-resolution images and videos from above, drones provide a comprehensive overview of the property, its surroundings, and the neighborhood, highlighting features such as landscaping, layout, and proximity to amenities. This bird’s-eye view not only captivates potential buyers with stunning visuals but also delivers a more accurate representation of a property’s scale and context within its environment.

The use of drone photography in real estate not only elevates the marketing of properties but also aids buyers in making more informed decisions, thereby adding a significant edge in a competitive market.

Learn More

The post Marketing Your Home for Top Dollar appeared first on Dale Sheppard.

September  2020:

The Victoria Real Estate market was extremely busy throughout the month of August. Sales were almost 50% higher than the 2019 numbers, while prices held steady. The record low interest rates at this time, buoyed by the rush to make a move before the potential 2^nd wave of the pandemic hits in the fall, have created a summer market unlike any that we have seen before. September will be a test as to the continued strength of the market as summer comes to an end, and schools re-open. The great weather is a bonus so enjoy it while it lasts!

Below are the numbers for August, 2020.   

Listing Inventory: 

There were 2,584 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2020, 8.9 % fewer properties than the total available at the end of August 2019 and a 2.6 % decrease from the 2,653 active listings for sale at the end of July 2020. This drop in listing inventory combined with low interest rates will most likely keep prices steady.

Sales:

A total of 979 properties sold in the Victoria Real Estate Board region this August, 48.1 % more than the 661 properties sold in August 2019 and exactly the same total as the previous month of July 2020. Sales of condominiums were up 29.1 % from August 2019 with 262 units sold. Sales of single family homes were up 45 % from August 2019 with 509 sold. Single family homes have been the driver of this market surge over the last few months. Condo sales are up too, but there is a higher inventory of condos, so condos must be priced correctly to achieve a sucessful sale in todays market.

Average Prices:

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August 2019 was $849,500. The benchmark value for the same home in August 2020 increased by 4.7 % to $889,200,  2.3 % less than July’s value of $909,700. The MLS® HPI benchmark value for a condominium in the Victoria Core in August 2019 was $518,000, while the benchmark value for the same condominium in August 2020 decreased by 0.8 % to $513,900,  3.2 % less than the July value of $530,800. Prices of single family homes dipped slightly in August compared to the last month in July, but were up higher than the 2019 levels at this time a year ago. This is driven by the current increased demand for single family homes and the low interest rates. Condo prices are actually down slightly from 2019 levels, and as I mentioned above, they need to be priced right to obtain a successful sale.

In the meantime, enjoy the rest of the summer, and let’s hope the BC can start to re-flatten our curve so we can get back to the lower levels we experienced in the late spring. Stay safe!

If you or any of your family or friends require any real estate related information, feel free to contact Dale at 250-744-0844, or email him through his website: www.dalesheppard.com

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