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Posts tagged ‘properties’

Sooke Real Estate Information Night – Come and Learn!

 

Is this the year you buy your first home?

Is this the year you buy your first home?

Get educated about buying and selling real estate.

Hear from three local experts about buying your first home, moving up, and more!

When: Thursday, March 26, 2015 at 7:00pm

Where: Best Western Premier Prestige Oceanfront Resort, 6929 West Coast Road, Sooke [map street view]

I’ll be joined by Sooke’s dynamic mortgage team, Kerry Reid and Kari Stauble of DLC Modern Mortgage group. Our seminar will be a fun, interactive, and informative evening, arming you with the tools to bring your real estate goals within reach.

Topics covered will include: Read more

Properties Up Close: 6463 Willowpark Way, Sunriver Estates, Sooke

6463 Willowpark Way, Sunriver Estates, Sooke

Welcome to a new series on What The Sooke!? Each week, I’m going to profile one of my current listings. If you’ve ever checked out my listings before, you know that I’m pretty descriptive and I do my utmost to tell a story about the property I am representing. However, there’s only so much I can do to tell you about my listings, since I don’t live in them! So, I’ve sent out a short questionnaire to the sellers, who’ll tell me in their own words why their property is special.  Read more

Ocean, Lake, and Other View Properties in Sooke and Victoria – Something to Keep In Mind [Video]

If you’re reading this in a feed reader, you may have to click through to the post to view the video below:

I was out for a run the other day in a 15-or-20 year old subdivision in Sooke. Running up Henlyn Road in the John Muir neighbourhood of Sooke which has amazing, sweeping views of the Strait of Juan de Fuca, it occurred to me that as the landscaping around the subdivision has grown up over the years, some of the commanding views that the property owners have enjoyed are now partially or completely obscured by trees and other vegetation. This is an important consideration, as it directly affects your property value.

When shopping for view homes in Sooke or Victoria, keep this in mind – look for stands of trees in the distance that could block your view, or trees on neighbouring properties that could become a bone of contention between you and the other property owner. Most people aren’t so keen to cut down trees to improve another’s view.

If you have any questions or comments about Sooke or Victoria, BC real estate, or suggestions for future posts, please call me at 250-885-0512, email Tim@TimAyres.ca or fill in my contact form. Thanks for reading/watching!

Tim Ayres – Sooke Real Estate Professional

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Sooke Real Estate Under $300,000

First Time Buyer? Investor? Looking to stop renting?

There are currently 21 properties as of today (October 20th, 2008) for sale in Sooke under $300,000. And we’re not talking tiny, cramped condos or bachelor pads. The type of properties available for this price range varies from spacious condos and townhouses in waterfront complexes in the Sasseenos area, a small acreage in the Otter Point area, half duplexes in the town core, and even some under-construction brand-new townhouses. The best buy might be the 0.39 acre parcel on Church Road which will be ripe for redevelopment in the future. There are also lots of mobile/manufactured homes in Sooke for between $75,000 – $200,000.

Sooke MLS Real Estate Listings under $300,000

The link above is updated live, so feel free to bookmark it! If you have any questions about how you can get into your own home for under $300,000, give me a call at 250-885-0512 or send me an e-mail to Tim@TimAyres.ca

For your information, a $300,000 property would cost you approximately $1400 per month if you put 5% down and took out a 30-year mortgage, according to RBC’s mortgage calculator, based on a rate of 5.0%. I know several excellent mortgage brokers who can get you pre-qualified with the best rates, saving you thousands of dollars in interest.

Tim Ayres – Sooke Real Estate Professional

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Sooke Road FSBO (For Sale By Owner) Needs a Reality Check

REALITY CHECK!

In this time of change in the real estate market, the marketing services of a professional REALTOR® are more important than ever. Why would a potential buyer look at your home that you’re selling yourself when he or she can see 15 similar homes in the same neighbourhood with the help and guidance of a REALTOR®. How are buyers going to find your place over the listings on the MLS®? The Internet is a powerful tool, to be sure, but again, when there are so many listings with REALTORS® on MLS.ca, why would a buyer look anywhere else?

That being said, there are plenty of for sale by owner signs around town, both the paid FSBO website type, and the dollar-store-neon-orange-and-black budget models.

I’m low on listings at the moment, so I have been sending out information packages and e-mails to selected FSBOs that I see that would be marketable properties. On my way home to Sooke the other day, I saw a FSBO sign on a house on Sooke Road near Luxton Fair Grounds. I jotted down the number, hoping to give the owner a call. I always try and do a little research before I do, and after a bit of Googling, I came across the house on Used Victoria (I’m not going to link directly to it).

I’m not interested in listing this property – at least not until the owner gives his/her head a shake and realizes there’s no way he/she is going to get $519,000(!) for a home on Sooke Road in the Glen Lake area. Not even close. Not even last year.

The ad says it’s “beautifully renovated,” but seriously. Check out these listings and sales over the past few months nearby. A buyer could have a brand new home on a quiet street for what they’re asking for an older home on a Provincial highway!  Homes along Sooke Road are selling (and currently listed) for over $100,000 less than what they’re asking.

If by chance the owner comes across this post, and would like a realistic market evaluation of the property, I’d be more than happy to provide one, free of charge, and without any obligation to list the property with me. I’ll even include a booklet of tips for owners who want to sell their property themselves. In fact, I always offer all of the above to anyone wanting to sell their own home. Just contact me anytime at 250-885-0512 or Tim@TimAyres.ca

Tim Ayres – Sooke Real Estate Professional

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You can bookmark this post using the button below,
or get free updates using the big buttons on the sidebar!

Sooke New Listings MLS Tour Summary #2

Due to MLS® advertising rules, I’ve decided that I can’t offer the tour summary any longer. I thought about this all last week, and came to the conclusion it could come across as advertising other agents’ listings, which is not allowed under our Rules of Cooperation. I’d rather stop doing it voluntarily than be told I’m in violation.

Rest assured, if you have any questions about any new listings in Sooke, you can contact me at 250-885-0512and I’ll probably have already been through on our weekly tour. If you’re in Sooke and want your house included on the tour, let me know!

Tim Ayres


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New Feature: Sooke New Listings MLS Tour Summary #1

One of the advantages of using your local Sooke REALTOR® when it comes time to sell your home is the tight-knit sense of community among local real estate professionals. Every Thursday, the three main real estate offices in Sooke hold our weekly MLS Tour, where each REALTOR® in town tours through all the new MLS listings in a two-hour caravan-style tour.

In many other communities in Victoria, tours are poorly attended and disorganized. The tour in Sooke is very well attended (I’d say 85% of the REALTORS® here attend), and is the highlight of the week for many agents, myself included. Besides socializing with my peers, I get an opportunity to view most of the houses for sale. It helps me price my listings, and also is a great tool for pre-viewing new listings for my out-of-town clients, or for buyers that are looking for something very specific. If I see it, I can let them know. I learn more about the market in two hours on MLS tour than I could in a whole day of research on the MLS.

In this weekly (assuming I can attend tour) feature, I’m going to comment on the listings on tour. Which are hot buys, what’s unique about each one. For further information about any of the listings here, contact me.

[Update May 2nd 2008] Due to MLS® advertising rules I’ve decided that I can’t offer the tour summary any longer. I thought about this all week, and came to the conclusion it could come across as advertising other agents’ listings, which is not allowed under our Rules of Co-operation. I’d rather stop doing it voluntarily than be told I’m in violation. Rest assured, if you have any questions about any new listings in Sooke, you can give me a call at 885-0512 and I’ll probably have already been through on our weekly tour. If you’re in Sooke and want your house included on the tour, let me know!

Tim Ayres


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BC Home Sales Increase In September

More good news from the BC Real Estate Association about market conditions. It seems that 2007 is looking more like 2005 than 2006. Continued strong numbers like this is great news for all involved in the housing market.

Vancouver, BC – October 18, 2007.

British Columbia Real Estate Association (BCREA) reports residential sales volume on the Multiple Listing Service® (MLS®) in BC climbed 20 per cent to $3.42 billion in September, compared to the same month last year. Residential unit sales increased 6.8 per cent to 7,687 units during the same period. The average MLS® residential price reached $445,205, up 12.3 per cent from September 2006.

“Housing demand hasn’t let up after a record-breaking summer,” said Cameron Muir, BCREA Chief Economist. “While the number of homes for sale has increased since last year, the sales-to-active-listings ratio has remained unchanged. This means homebuyers are snapping up additional inventory at the same pace, and upward pressure on home prices is continuing.”

Strong economic conditions are underpinning BC home sales,” noted Muir. “Robust job growth, low unemployment and rising wages and salaries are bolstering consumer demand.” More than 70,000 jobs have been created in the province over the last year, while the unemployment rate hovers near an historic low. The average weekly wage in BC climbed 3.3 per cent in September, compared to the same month last year.

Year to date, MLS® dollar volume increased 18 per cent to $36 billion compared to the same period last year. Residential sales rose 4.9 per cent to 82,627 units, while the average residential price climbed 12.5 per cent to $436,062.

Tim Ayres

BC Homes Sales To Surpass 100,000 in 2007

BC Home Sales to Surpass 100,000
BCREA Fall Housing Forecast

Vancouver, BC – September 27, 2007. The British Columbia Real Estate Association (BCREA) released its fall 2007 Housing Forecast today.

BC Multiple Listing Service® (MLS®) home sales are forecast to break the 100,000 unit mark for only the second time in history. BCREA forecasts that BC MLS® residential sales will hit 101,000 units this year, up 4 per cent from 2006. The highest number of MLS® sales in the province was recorded in 2005, when a total of 106,310 homes were sold. The ten-year average is just under 78,000 units.

“Exceptionally strong consumer demand over the summer months has changed the outlook for this year from declining home sales to the second highest on record,” said Cameron Muir, Chief Economist. “While eroding affordability is squeezing some potential buyers out of the market, the housing stock is increasingly diverse, providing a mix of home types that appeal to a wide consumer market.”

BC home prices are also on the rise. The average MLS® residential price is forecast to climb 12 per cent to $437,000 this year. “While home prices continue to face upward pressure, the rate of growth is expected to moderate,” added Muir. The BC average MLS® price increased 18 per cent last year, and is forecast to rise at a more modest 8 per cent in 2008.

BC housing starts are forecast to decline 7 per cent to 33,900 units in this year and a further 4 per cent to 33,000 units in 2008. While single detached housing starts are trending down, multiple housing starts are holding firm at 21,000 units this year. Multiple housing starts now comprise 62 per cent of all new residential construction activity in the province.

The BCREA Housing Forecast is a semi-annual publication produced in the spring and fall of each year. The report contains forecasts and analysis of the BC economy and housing markets, including detailed forecasts by home type of the province’s 12 real estate board areas.

A complete copy of BCREA’s Housing Forecast is available here: www.bcrea.bc.ca/economics/forecasts/2007-09Forecast.pdf.

More On The Origin of Real Estate

Hello all,

I recently had a visitor to my blog comment on a recent Real Estate 101 post. The visitor chatted with me through the Meebo chat widget to your right and mentioned that my definition was a little narrow.

For a broader definition and more information on the term, visit http://en.wikipedia.org/wiki/Real_property or http://en.wikipedia.org/wiki/Real_estate

Thanks for the suggestion, Blog Reader – and I will try and post relevant links at the bottom of future Real Estate 101 posts.

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