Warren Sing - Victoria Real Estate

This month’s newsletter is full of valuable information! Click below to check it out and don’t forget to subscribe!

February newsletter - Victoria Real Estate It's been an active first month and a half of 2025 in Victoria, BC. The market is relatively balanced. In many cases, we are beginning to recover from a slow Q3&Q4 of 2024.

I’m here to help you find the perfect home. Start with my free home finder tool today!

https://warrensing.ca/free-home-finder/

JUST LISTED! $1,450,000

1606 Bank Street, Victoria, BC, V8R 4V4

DEVELOPMENT SITE - 6-PLEX. DP APPROVED! Save time & money and eliminate the guesswork of what can be built on this beautiful 60x135’ lot. The current plans are for ONE 1 Bedroom suite, THREE spacious 2 Bedroom suites and TWO spacious 3 Bedroom suites with plenty of outdoor amenity space. Total living area is approximately 6100 sqft. This amazing site is situated on a quiet upscale residential road, across the street from Sundance-Bank Elementary School and walking distance to Royal Jubilee Hospital and all the charming shops and amenities along Oak Bay Ave. The six units will be stratified and built under Victoria’s established Missing Middle program. The Seller has worked through planning with the City and DP is approved, so you can take advantage of a quick turnaround project with strong profit margins. Great entry for the aspiring builder. Put your capital to work! (Listing is for the site only, not construction. Measurements and data input are for the existing structure)

For more information visit:
https://warrensing.ca/fb-listing/

DECEMBER MARKET STATS ARE OUT!

"2024 was a fairly calm year for local real estate," said 2024 Victoria Real Estate Board Chair Laurie Lidstone." And this is what we like to see for consumers! It has been a year of stability and predictability. Prices have been relatively level for the past two years now, which has made it easier for buyers and sellers to navigate transactions with confidence. Even though 2024 had more months with over 3,000 listings than we have had in many years, we do continue to see low inventory levels when compared to long-term averages.”

Here’s a little breakdown:

- Last month's sales were 28% more than a year before.
- There were 7.4% more homes listed than the previous year.
- The benchmark price for a single-family home was $1,306,400

Feel free to call if you have any questions!

Current MLS® Statistics - The Victoria Real Estate Board Read monthly news and statistics on the real estate and housing market of Greater Victoria BC, from the Victoria Real Estate Board.

Check out this month’s newsletter! Click below to read and subscribe for the latest real estate insights!

December newsletter Welcome to my newsletter. Here you will find the latest real estate news and stats for your area. If you would like more information about market conditions in your community, or have any other real estate related questions, please contact me. I would be happy to meet with you to see how I can help....