About Victoria's Fairfield

VICTORIA REAL ESTATE SHOWED INCREASED SALES ACTIVITY IN JANUARY

In January 2012 Victoria Real Estate Sales where up almost 10% over January 2011.

I noticed a change the very first week of January with Showings on all of my Listings. One of my listing in Fairfield ended up Selling from the result of Competing Offers. The Buyer came from my Open House the First Saturday in January.

My First Open House of the year was Very Busy with Home Buyers, the interest was way above the number I usually see at an Open House...Over 20 Couples came through.

Our Victoria Real Estate Board President Carol Crab is quoted from her report to day as Saying.....“Buyers are still price sensitive and very aware of the market values of homes.Sellers need to be aware that average prices trending up or down may not apply to their market area. They should consult with REALTORS® regarding prices in their own neighbourhood communities.”

Carol Goes on to Say......“Buyers seem to be tired of all the doom and gloom stories
about the global economy,” Crabb adds. “Interest rates are good and
they are keeping our Members busy with showings.”

I could not agree more with Carols Statement...The Negative Press on Financial Doom & Gloom in Europe every night on TV was effecting Home Buyer Confidence in Victoria. It stopped in January and that maybe the reason our Buyer Activity has picked up.

Inventory is down and Prices ares are more competitive and Victoria home Buyers are acting as Victoria Home Sellers Sharpen their pricing and Curb appeal.

Record low mortgage interest rates are certainly Good for Home Buyers in Victoria.

Find Homes in Victoria For Sale

FAIRFIELD-VICTORIA BC REAL ESTATE-LAST WEEK OF JANUARY

FAIRFIELD Real Estate Market Snapshot

FEBRUARY 2, 2012....... I thought I would review the residential Real Estate activities of Victoria BC in an area known by the locals as FAIRFIELD, an area bordered by Dallas Road and the Victoria Waterfront to the South, Foul Bay Road and Oak Bay to the East, Fort Street to the North, Douglas Street and James Bay to the West.
Fairfield Google Map

Looking for a really nice family home in Fairfield? Call or Email me today, I know The Real Estate Market in Fairfield and I’ll put my 40 years to work for YOU to Find Your Dream Home.

Fairfield Last Week of January Market Snapshot for Single family homes.

8 Current Pending Sales with an average selling price of $ 810,375 with an average of 37days on the market. Two Fairfield home Sold for over one Million Dollars. One I SOLD on Chandler Ave for $1,100,000 and one on Fairfield Rd for $1,350,000.

Here is a Break Down of Active, Pending Sales, Expired’s, Withdrawn and Sold Homes in Fairfield in the last 7 days.

LOOKING BACK IN TIME WITH MORTGAGE RATES

A Few Days ago my mortgage broker sent me a few Mortgage Rate Historical Charts...

Very interesting to see where mortgage rates have been in the last 25 years and the Comparison between Fixed and Variable Mortgage Rates in Canada...

Seems like Variable mortgages has been the Best for us

FAIRFIELD-VICTORIA BC REAL ESTATE

FAIRFIELD Real Estate Market Snapshot

JANUARY 22, 2012....... I thought I would review the residential Real Estate activities of Victoria BC in an area known by the locals as FAIRFIELD, an area bordered by Dallas Road and the Victoria Waterfront to the South, Foul Bay Road and Oak Bay to the East, Fort Street to the North, Douglas Street and James Bay to the West.
Fairfield Google Map

Looking for a really nice family home in Fairfield? Call or Email me today, I know The Real Estate Market in Fairfield and I’ll put my 40 years to work for YOU to Find Your Dream Home.

Fairfield JANUARY 30 Day Market Snapshot for Single family homes.

10 Current Pending Sales with an average selling price of $ 888,400 with an average of 56 days on the market. Three Fairfield homes recently Sold for over one Million Dollars. One home on Windermere Sold for $2,162,000 Million, One on Chandler for $1,100,000 and one on Fairfield for $1,350,000.

Here is a Break Down of Active, Pending Sales, Expired’s, Withdrawn and Sold Homes in Fairfield in the last 30 days.

FAIRFIELD SALE PENDING IN 11 DAYS

The New Year has brought a flurry of Buyer Activity....in the First week of January there were 4 showing requests for my Luxury Fairfield Home.

Plus I held an Open House, which brought in over 20 couples.

The Following Week on Day 11 of the Listing....The Seller Accepted one of two offers on this absolutely Gorgeous 2008 home... The Buyers Conditions have been removed the the home is SOLD.

Nice way to start out the Year. I getting Similar busy activity with other Listings and motivated Buyers

I’m working on another Offer today from an Agent with First Time Home Buyers.

2012 is Going to be a Great Year.