David Hale's Real Estate Update

Your Victoria Area REALTOR:

David Hale

November 2009

David Hale -- A Commitment to You -- A Reputation for Results-- Selling Real Estate in the Greater Victoria Area and located at www.davidhale.com

Focus On 'Local' for Real Estate Prices

Canadian property owners intent on following real estate price fluctuations using mainstream media reports from centres across Canada may be searching too far afield for the information they need. Local details should be more significant than national patterns. Local real estate professionals and local news are excellent resources regarding real estate prices on specific streets, in particular condominium complexes or in

Mortgage Rates

Best Available Rates as of October 30, 2009:

1 yr. closed:
3 yr. closed:
5 yr. closed:
10 yr. closed:
1 yr. open:

3.25%
3.70%
4.19%
5.90%
6.45%

Source: www.CanadaMortgage.com

certain subdivisions.
By now most people are familiar with the "location, location, location" mantra of real estate value, but too often this triple-whammy criterion receives a dismissive giggle rather than the serious

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Wondering What Your Home Is Worth?

Let me show you.

Preparedness & Other
Forward-Thinking Lessons

The first decade of the 21st - Century has been packed with history - making change and it’s not finished yet. Online and off there is a lot of noise about The Recovery - intermixed with just as much silent despair.
When you review what has happened in your life and career during these years, would you say you’re learning from experience or are you just reacting to the latest "sound byte"?

Habits do not change themselves. What have you decided to deliberately unlearn about money management and home ownership? Are you consciously replacing out - of - date approaches with fresh, progressive thinking and actions?

Drop the good intentions and take action. Which lessons learned by you and others are you incorporating to improve returns on home ownership, in purchasing recreational property and when selecting a real estate investment?

The seeds of tomorrow are planted

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Relieving The Stress of Packing

     PPacking can be stressful time for every member of the family. To ensure that your move goes as smoothly as possible, try the following tips!
      Pack a "Red Box"
      Since one in five American families moves every year, that means 22 million families may be searching for their TV remote controls!
      One of the pitfalls of packing for a move is you can't always anticipate what you'll need when you arrive at your new home, and movers typically list only the obvious such as dishes, glasses, bedding, etc. The miscellaneous items you need in the first few hours invariably wind up on the bottom of a random box.
      To start, you may want to create your own "red box" as some moving companies ("Removers") do in Great Britain. This is the last box loaded and the first one off the truck. The one universal item in the red box is the tea kettle (perhaps this would be the coffee maker in the U.S.). This is also the place for miscellaneous but crucial items such as scissors, pens, paper, hammer, nails, hooks, screwdriver and tape measure.
      Packing a suitcase for each family member as though you were going on a short vacation is another good idea.

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Find Your New Home From Home

www.victoriahometeam.com

Victoria Market Remains Stable

No matter how the rest of North America is doing, prices in Victoria's Real Estate Market are stable.

Victoria Real Estate Board President, Chris Markham, says that the market has clearly recovered from the downturn last fall but we must be aware that there are 31% less properties on the market this year than the same time last year and while there will always be month to month fluctuations in prices, this reduced inventory will inevitably bring some upward pressure on prices as these properties sell.

Last month, was the sixth month in a row that property sales were higher than in the same month from the year before with a total of 742 properties sold in October 2009. That is down slightly from the 776 sales in September but up considerably from the 316 sales in October last year.

September 2009 had 24 sales of over $1 million that affected the overall average that month, where in October only 15 sales exceeded $1 million bringing the average price of a single family home to $590,567. October 2009 saw 400 single family homes, 203 condominiums, 76 townhomes and 12 manufactured homes sold through the MLS system.

Don't forget to call me so I can give you a Current Market Analysis on your home so you will know if this is the right time for you to sell your property for the highest dollar. Also.please continue to tell all of your friends, relations and associates, "I'll have Dave call you" for the "Best Real Estate Service" in town

David Hale - Your Friendly Realtor

Iris Behren - Buyer's Specialist

And the rest of the "Victoria Home Team".

More Articles

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What Makes First-Time Buyers Tick?

Making Your Home Age Appropriate Creates Appeal

David Hale
E-mail: david@davidhale.com
Web: http://www.davidhale.com
250-595-3200

Keller Williams Realty West
250-595-3200
#323 - 1095 McKenzie Ave.
Victoria, BC V8P 2L5

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