February monthly newsletter

Welcome February

As we welcome the month of February, it’s amazing to see how quickly the year is unfolding. In the world of real estate, this time of year always brings a unique blend of anticipation and activity. Whether you’re considering buying, selling, or simply staying informed, the market continues to present opportunities and challenges alike.

The real estate landscape is ever-evolving, and staying knowledgeable of these changes is crucial, whether you’re a first-time buyer, a seasoned investor, or somewhere in between. Our commitment to you: to provide the guidance, expertise, and support you need to navigate these waters successfully.

Remember, whether it’s understanding market trends, exploring new listings, or preparing for a future move, we’re here to help guide you through every step of your real estate journey. 

ally and dennis

A balanced market means opportunity for buyers and sellers in Victoria

February 1, 2024  A total of 341 properties sold in the Victoria Real Estate Board region this January, 22.7 per cent more than the 278 properties sold in January 2023 and a 3.6 per cent increase from December 2023. Sales of condominiums were up 10.9 per cent from January 2023 with 112 units sold. Sales of single family homes increased 35 per cent from January 2023 with 162 sold.

“Our housing market eased into the new year with a renewed sense of balance,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “Sales were up slightly based off last year’s very low numbers, and overall, we saw the stabilization that we observed in late 2023 continue into 2024. Mortgage rates have levelled out, inventory is slowly creeping back up, and we are no longer in that highly pressurized market of recent years which created complicated and sometimes stressful conditions for buyers and sellers.”
See the full report HERE.

Here are 4 Ways to Enhance Your Home’s Comfort and Style to ensure your home stays feeling cozy this winter while we wait for Spring: 

  1. Layered Lighting: As the days are shorter in February, effective lighting is key. Mix overhead lights with floor lamps, table lamps, and candles to create a warm, inviting ambiance in every room.
  2. Textural Touches: Add warmth to your living spaces with plush throws, soft pillows, and shaggy area rugs. Textures like velvet, faux fur, and chunky knits are perfect for this chilly month.
  3. Indoor Greenery: Bring life to your indoor spaces with potted plants or fresh flowers. They not only enhance the look of your home but also improve air quality and boost your mood.
  4. Colour Pops: While neutral tones might dominate the winter palette, adding pops of colour through decor items like cushions, art, or decorative pieces can liven up any space.