Posted by: Daryl & Wendy Ashby | December 8, 2014

2015 is Looking Good

Hindsight is a blessing for most of us but never does it prove more to be so than when predicting what the future holds in the Real Estate marketplace.
With 2014 now all be a faint memory, the slump we have witnessed over the past few years appears for the most part to have past as many of the districts within Greater Victoria show positive growth in their average sale prices.
While the Victoria Real Estate Board does an excellent job in providing their monthly and year end reports, we believe you may benefit with us breaking out each district so that you as an investor might better judge where to place your hard earned dollar and where the rest of us might see wisdom in putting down roots.
Below you will find the year long increase / decrease in average sale value, and the year-to-date average sale value in comparison to 2013.
Victoria, minus 0.8%, 2013 = $559,500, 2014 = $555,000
Vic. West, plus 1.7%, 2013 = $449,750, 2014 = $457,500
Esquimalt, plus 6.3%, 2013 = $458,000, 2014 = $487,000
View Royal, minus 1.5%, 2013 = $529,000, 2014 = $521,130
Saanich East, plus 2.9%, 2013 = 583,000, 2014 = $600,000
Saanich West, plus 4.1%, 2013 = $490,000, 2014 = $510,000
Langford, plus 1.4%, 2013 = $440,000, 2014 = $445,900
Colwood, plus 1.4%, 2013 = $468,500, 2014 = $475,000
Sooke, minus 1.3%, 2013 = $383,000, 2014 = $378,000
Central Saanich, plus 1.8%, 2013 = $550,000, 2014 = $559,900
North Saanich, plus 5.5%, 2013 = 6.35%, 2014 = $670,000
Sidney, plus 5.1%, 2013 = $435,000, 2014 = $457,000

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