Moving To Victoria

How’s the Canadian real estate market?

Whether you’re a buyer, seller, or just thinking about your options, here’s what you need to know about the current market and where it’s headed.

🏡 Home sales are picking up faster than expected.

🏡 Property values are stabilizing.

🏡 Listing inventory is low, but new construction is on the rise.

🏡 Mortgage rates have trended down.

Check out my latest blog post to learn more about what to expect for the rest of 2023!

🔗 https://homeswithsarah.ca/myblog.html/national-real-estate-market-update-for-2023-7920089

🏳️‍🌈 Happy Pride Month! 🏳️‍🌈

Let's celebrate diversity, equality, and inclusion with the many members of the LGBTQ+ family that call our communities home.

✨ OPEN HOUSE ✨

Sat May 27 | 1PM - 3PM

3391 Ridgeview Cres, Cobble Hill | MLS 931923

🛏 3 Bedroom
🛁 2 Bathroom
📐 1,192 sqft

Fully remodelled rancher sitting on over 1/2 acre with upgraded power and water system. The house is bright and has new appliances, bathrooms, kitchen with quartz counters. and fresh landscaping with access to 2 fully serviced RV pads with 30amp power, water and sewer.

This gem is located on a quiet street in a rural setting and minutes to either Cobble Hill or Mill Bay and 30 minutes either way to Langford or Duncan.

🪧 Presented by

Sarah Crocker
📲 250-634-0646
📧 [email protected]
🌐 HomesWithSarah.ca

Your Home, My Passion.
__________________________

Have you heard of “house hacking”? With this real estate investment strategy, homeowners use their property to generate income that helps cover expenses.

Examples of house hacking include:

🏠 Renting out an accessory dwelling unit, like a casita or granny flat

👦 Getting a roommate or listing a room on Airbnb

🚗 Leasing out a parking space in your driveway or garage

🐶 Turning your yard into a pay-by-the-hour dog park

🏊 Renting out access to your pool

If you’ve been struggling to afford a home, house hacking could be the solution! Or, for more ideas, check out my latest blog post.

🔗 https://homeswithsarah.ca/blog.html

✨ APRIL MARKET UPDATE ✨

Not enough growth in inventory means spring market sales are slow.

A total of 637 properties were sold in the Victoria Real Estate Board region this April, 22.7% fewer than the 824 properties sold in April 2022 but an 8% increase from March 2023.

Sales numbers for this April are more moderate than the higher levels we’ve seen in recent years. While we’ve seen an increase in sales over the previous month, we’re not expecting a return to record-setting activity as our inventory levels continue to be very low and new properties are slow to come onto the market.

More housing inventory is needed to balance the supply against spring demand. The good news is that prices have stabilized for now but if listings do not pick up over this season, there is a risk that the price stabilization could turn and we could see prices increase again.

Reach out if you are considering a move this year.

Sarah Crocker
REALTOR® | eXp Realty
(250) 634-0646
[email protected]
homeswithsarah.ca

Your Home, My Passion.
__________________________

💸 Creative Ways to Afford Your First Home 💸

It’s a tough time for rookie homebuyers – but don’t despair. By using a few creative workarounds, you can still make your homeownership dreams come true.

🏡 Cover part of your mortgage by getting a roommate or leasing out your garage.

🏡 Consider buying a home with friends or family members.

🏡 Ask loved ones for help with your down payment or closing costs.

🏡 Look for special programs and assistance.

🏡 Expand your home search to new areas and rethink your requirements.

Visit my latest blog post for more creative workarounds you can use to afford your first home! ➡️ https://homeswithsarah.ca/myblog.html/how-to-become-a-homeowner-on-a-first-time-buyers-budget-7894986

How to Become a Homeowner on a First-Time Buyer’s Budget It's not easy being a first-time home buyer right now. At the end of last year, housing affordability hit an all-time low.[1] Additionally, mortgage rates have risen significantly since 2021, while inventory remains tight for many property categories, b...

OPEN HOUSE
Sun April 23 | 1 PM - 3 PM

1223 Flint Ave, Bear Mountain | MLS 929007

3 Bedroom
3 Bathroom
1,331 sqft

Meticulously maintained, this corner unit is a well-appointed 3 bd/3 bath townhome in the best location in Southpoint Ridge. Bright and modern, this home offers a versatile floor plan. With over 1300 sq/ft of finished space, a 600 sq/ft partially finished double-tandem garage/workshop area, and a lovely outdoor patio with a gas bib - it will meet the needs of a growing family or empty nesters. This home has it all with a full-size kitchen incl stainless appliances, a gas range, superb finishings, relaxing and spacious bathrooms, a ductless heat pump for year-round comfort, and heaps of storage in the numerous closets and an oversized garage. Bring your four-legged friends - 2 of them and your kids too - it's family friendly!

Sarah Crocker
REALTOR® | eXp Realty
250-634-0646
[email protected]
homeswithsarah.ca

OPEN HOUSE
Sun April 16 | 1 PM - 3 PM

1679 Maple Bay Rd, Duncan | MLS 927040

4 Bedroom
3 Bathroom
2,046 sqft
1 Acre Lot
+ Detached Workshop
+ Detached Suite

This custom-built home is bright and open with picture windows overlooking the large backyard, and peek-a-boo view of Quamichan Lake. Living room has vaulted ceilings and stone gas fireplace. Kitchen is updated with modern cabinets and stainless-steel appliances. The primary suite includes many custom features, a walk-in closet and a 3-piece ensuite. Outside is a 343 sqft. covered deck overlooking the beautifully maintained garden, back yard and large concrete pad for future consideration. The detached garage/workshop is 898 sqft. with a 220V service, wood stove, and built-in workbench. The detached additional 1 Bed 1 Bath accommodation has 657 sqft. of living space, a nice modern rustic feel, and a wood stove.
Presented by Adam Kelln

Sarah Crocker
REALTOR® | eXp Realty
250-634-0646
[email protected]
homeswithsarah.ca

OPEN HOUSE
Sat April 15th | 12 PM - 2 PM

114 - 3248 Sherman Rd, Duncan | MLS 923651

2 Bedroom
2.5 Bathroom
1,052 sq ft

Welcome to Moonlight Ridge! This complex boasts a low-density layout and high-quality finishing. This home features all Samsung appliances, quartz countertops, and soft-close cabinet doors throughout. There's a large crawlspace for storage and the private backyard is a garden lover's dream.
Presented by Selina Sells Nanaimo

Sarah Crocker
REALTOR® | eXp Realty
250-634-0646
[email protected]
homeswithsarah.ca