Greater Victoria Real Estate Market Statistics – August 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in August 2016.

Greater Victoria

In August 2016, there were 380 sales of single family homes and 533 active listings in Greater Victoria. The benchmark sale price was $610,400 with an average days on market of 33. The hottest market for sales was Saanich East with 81 sales. There were also 31 sales and 183 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 265 sales, 292 active listings at the end of the month.  The benchmark sale price was $356,900 with an average days on market of 27. The hottest market for sales was Victoria, 103 sales.

Townhome sales were 73, active listings were 114 and the benchmark sale price was $476,400. The average days on market were 28, and the hottest market was Langford with 22 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_August2016_Victoria

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Greater Victoria and Vancouver Island Real Estate Market Statistics – July 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in July 2016.

Greater Victoria

In July 2016, there were 429 sales of single family homes and 575 active listings in Greater Victoria. The benchmark sale price was $603,500 with an average days on market of 32. The hottest market for sales was Saanich East with 92 sales. There were also 35 sales and 185 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 271 sales, 346 active listings at the end of the month.  The benchmark sale price was $350,000 with an average days on market of 33. The hottest market for sales was Victoria, 93 sales.

Townhome sales were 93, active listings were 105 and the benchmark sale price was $476,200. The average days on market were 31, and the hottest market was Langford with 20 sales.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_July2016_Victoria

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Greater Victoria and Vancouver Island Real Estate Market Statistics – June 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in June 2016.

Greater Victoria

In June 2016, there were 543 sales of single family homes and 581 active listings in Greater Victoria. The benchmark sale price was $593,700 with an average days on market of 32. The hottest market for sales was Saanich East with 103 sales. There were also 38 sales and 207 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 338 sales, 401 active listings at the end of the month.  The benchmark sale price was $342,200 with an average days on market of 33. The hottest market for sales was Victoria, 130 sales.

Townhome sales were 92, active listings were 113 and the benchmark sale price was $461,900. The average days on market were 31, and the hottest market was Langford with 38 sales.

Listings are down. Prices are up. It’s a seller’s market.

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Macdonald Realty Luxury Homes Magazine | Spring 2016

The latest edition of Macdonald Realty Luxury Homes is now available! This publication showcases unique and luxurious homes listed with Macdonald Realty from across the province.

Highlights of this Spring 2016 issue include an exceptional “Super Prime Real Estate” in Vancouver, an article on Americans Investing Abroad and a new LuxeTrends: Make 2016 a Family Focused Year, content courtesy of our partner Luxury Portfolio International.

Simply click the cover image below to see the digital version!

LuxuryMagazine_Spring2016_cover

Selling a Home on Salt Spring Island

Selling a home can be a difficult task for even the most seasoned of sellers. There is so much that goes into the process of placing a property on the housing market. First, the owner needs to get the home in condition to present it to potential buyers. From there, taking proper pictures that display your residence in its best light is a must. These are the images that are going to grab the attention of those that are searching online through all the homes available for sale. Unfortunately, even the best pictures don’t ensure that your property will be seen. After all, you are competing with your neighbours for the attention of a select few buyers.

As with any competition, it is important to find an edge. This is where an experienced REALTOR® can be your ace in the hole. With an extensive list of interested buyers, as well as the knowhow to market your listing to a greater audience, real estate agents make it their mission to get the most money for your property. When you have a team of skilled agents on your side, the competition gets left in the dust!

I would be happy to sit down with you and explain the home selling process and all that I can offer to maximize the exposure of your home to potential buyers.

sell your home

Buying a Home on Salt Spring Island

Buying a home is both an exciting and scary venture. With the status of homeowner comes the costs of maintaining the property you are now tied to. If you are going to take on a lot of added responsibility it is your right to be selective when choosing a home. While your search may start out with enthusiasm, it can quickly grow tiresome as their are so many listings to browse.

Our question would be: why do all of the work when there is someone willing to help? The process goes a lot smoother with more that one set of eyes scouring the housing market for your perfect property. This is where our team truly shines, as we make it our duty to get our clients the keys to their ideal home! Simply tell us what you are looking for and we will go to work searching through our database of available homes. From there, we will give you a list  that most accurately match your requirements. With a list that is narrowed down to a handful of properties, your decision will be much more manageable.

Whether you are a first time buyer, or it has just been a few years since you’ve last bought a home, the process of buying a home can seem like a bit of a mystery.  I would be happy to sit down with you to walk you through the home buying process and the key milestones we will hit along the way.

buying a home

Our Year in Review 2015 [VIDEO]

It is the season to look back with a Year in Review 2015 video of Macdonald Real Estate Group’s performance across our residential, commercial sales and leasing, property management and project marketing divisions, as well as the launch of our new office in Shanghai, China.  This success continues to position us as Western Canada’s largest integrated real estate firm.  Watch the 3 minute video for an overview of the key highlights of our last year.

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About Macdonald Real Estate Group
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of over $7 billion and over $2 billion in assets under management.  With more than 20 offices and nearly 1,000 staff and REALTORS®, MREG offers a full range of real estate services, including residential and commercial brokerage, property and strata management, project marketing, and the MREG Canadian Real Estate Investment Centre in Shanghai, China.  Macdonald Realty is the residential division of Macdonald Real Estate Group. For more information, visit www.macrealty.com.

Over 300 Macdonald Realty Agents Achieve the Certified Negotiation Expert Designation

VANCOUVER, B.C., Canada (August 11, 2015) – Macdonald Realty is pleased to announce that as of August 11th, 2015, over 300 of its real estate agents have received the Certified Negotiation Expert (CNE®) designation – this represents over 50% of the agents from Macdonald Realty’s residential sales offices.

“In decades past, agents were the conduits of listing information.” Explains Macdonald Real Estate Group (MREG) CEO Lynn Hsu. “Now, there is an enormous amount of listing data readily available to the public online, and the value proposition for the real estate agent has changed.  Agents must provide cogent analysis of the data available, and expert negotiation skills to resolve conflict, build bridges, and bring deals together for the benefit ofsuze-cumming all parties involved.”

Jonathan Cooper, MREG Vice President, adds: “The bottom line is negotiation skills are fundamental to the real estate business.  Successfully managing the ebb and flow of interpersonal communications—often under considerable time constraints—is vital to real estate transactions, and it’s not something that can be replaced by a computer.”

Offered by the Real Estate Negotiation Institute (RENI), the CNE® course applies up-to-date research in negotiation dynamics to the real estate sales process.  It provides agents with tangible tools and insights to achieve better outcomes for their clients.  Since 2006, tens of thousands of real estate agents across North American have earned the CNE® designation.

Suze Cumming, the Canadian Director of the RENI, has collaborated with MREG over the last twelve months – “I  would like to congratulate Macdonald Realty on being the only brokerage in Canada to have successfully certified over 300 of their real estate professionals in this critical area of expertise.  Their commitment to a higher level of service excellence proves that they are leaders in the real estate industry.”

 

For morJonathon_Cooper_-_Print_MG_2979-Edit-Edit_2e information, please contact:
Jonathan Cooper, Vice President, Operations
Macdonald Real Estate Group, Inc.
Phone – 604 264 6789
Email – jcooper@macrealty.com
About Macdonald Real Estate Group:
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of over $6.3 billion and over $1.75 billion in assets under management.  With more than 20 offices and nearly 1,000 staff and REALTORS®, MREG offers a full range of real estate services, including residential and commercial brokerage, property and strata management, project marketing, and the MREG Canadian Real Estate Investment Centre in Shanghai, China.  Macdonald Realty is the residential division of Macdonald Real Estate Group. For more information, visit www.macrealty.com.

 

 

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Real Estate on Salt Spring Island

Whether you are buying or selling real estate, it is important to know the state of the local housing market. This way, each side knows where the advantages lie. For sellers, the market is at its best when there are fewer homes up for grabs. Less competition makes for an easier time getting your property viewed by the right individuals. On the flip-side, buyers will find top deals when there is a saturation of listings. When sellers are competing for your business, you end up the winner!

The housing market can give us a list of relevant information, such as: the number of homes for sale, the average selling price for real estate in the area, and the amount of homes sold during a specific period of time. With this data, both buyers and sellers can formulate a strategy on when to make a move. Perhaps more homes are sold during the summer. Maybe the average cost is lowest at the beginning of the year. Whatever the housing market shows, it is important to take the information into consideration.

The Housing Market

Whether you are buying or selling real estate, it is important to know the state of the housing market. This way, each side knows where the advantages lie. For sellers, the market is at its best when there are fewer homes up for grabs. Less competition makes for an easier time getting your property viewed by the right individuals. On the flip-side, buyers will find top deals when there is a saturation of listings. When sellers are competing for your business, you end up the winner!

The housing market can give us a list of relevant information, such as: the number of homes for sale, the average selling price for real estate in the area, and the amount of homes sold during a specific period of time. With this data, both buyers and sellers can formulate a strategy on when to make a move. Perhaps more homes are sold during the summer. Maybe the average cost is lowest at the beginning of the year. Whatever the housing market shows, it is important to take the information into consideration.