Welcome February!
As we step into the second month of the year, it’s incredible how quickly time is flying. In real estate, this time always brings a mix of excitement and anticipation. Whether you’re thinking of buying, selling, or just staying in the loop, the market is full of both opportunities and challenges.
The real estate world is always shifting, and keeping up with those changes is key—whether you’re a first-time homebuyer, a seasoned investor, or somewhere in between. Our promise to you is to offer the guidance, knowledge, and support you need to navigate this landscape with confidence.
So whether you’re looking to understand market trends, check out new listings, or plan your next move, we’re here to help you every step of the way on your real estate journey.
Warm Regards,
ally and dennis
2025 housing market kicks off with good balance of inventory and stable pricing
February 3, 2025 A total of 422 properties sold in the Victoria Real Estate Board region this January, 23.8 per cent more than the 341 properties sold in January 2024 and 0.2 per cent more than in December 2024. Sales of condominiums were up 30.4 per cent from January 2024 with 146 units sold. Sales of single family homes increased by 19.8 per cent from January 2024 with 194 sold.
“We’ve seen a strong hand off from the December market to January with a good sense of momentum building,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “Over the course of the month, we saw an uptick in new listings, and it is the first time in ten years that over one thousand new listings were added to our inventory in a January. This is a positive sign for our market as we head into 2025.”
See the full report HERE.
1. Add a Coat of Fresh PaintFirst impressions matter! Changing the paint color in a room or even just freshening up the trim can completely transform a space. Lighter colors can brighten up a room, while a bold accent wall can add personality.
2. Modernize the Kitchen with Small Updates: The kitchen is one of the most-used spaces in the home. Try updating your backsplash, replacing old cabinet hardware, installing a new faucet, or adding open shelving.
3. Revitalize Your Bathroom: Bathrooms are key spaces that impact your daily routine and home value. A bathroom refresh can be as simple as changing out light fixtures, replacing old grout, or installing a new vanity.
4. Create More Storage Space:A clutter-free, organized home feels larger and more efficient. More storage options can also make your home more attractive to buyers down the road.
5. Install a Smart Home System:Smart thermostats, lights, and security cameras are becoming increasingly popular. Spring is a good time to set up or upgrade your smart home system.
