| Sept 2014 | Sept 2013 | ||||
| Wk 1 | Wk 2 | Wk 3 | Wk 4 | ||
| Unconditional Sales | 105 |
232
| 362 | 511 |
487
|
| New Listings | 325 | 580 | 810 | 1034 |
1106
|
| Active Listings | 4293 | 4310 | 4280 | 4261 |
4547
|
| Sales to New Listings |
32%
| 40% | 45% | 49% |
44%
|
| Sales Projection | 462 | 510 | 530 | 562 | |
| Months of Inventory |
9.3
| ||||
Hey it's an update. By the way thanks Dasmo for posting the article about the true cost of commuting a few weeks ago. That lead me to discover Mr. Money Moustache and I've been devouring that blog from start to finish ever since. Next project: early retirement / financial independence.
Amazing how I didn't stumble across this blog before, given that I suspect there are quite a few commenters here that follow this philosophy. I'm particularly interested in how realistic the early retirement concept is in an expensive city like Victoria. Unlike Mr. Money Moustache, our house didn't cost $200,000, we're not retired before having kids (and thus childcare), and most everything is more money in Canada than in the US. However everyone can still use a good punch in the face as far as spending is concerned.
Bonus: an entirely new set of spreadsheets to create, and there's nothing like a good spreadsheet to get the adrenaline going.
203 comments:
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I feel Victoria is a terrific deal when it comes to real estate. A run down,post war bungalow, in vancouver, within walking distance to downtown costs at least a million dollars. In Victoria you can buy a four bedroom charactor house with beamed ceilings, five fireplaces, a small den, a small piano room, a huge dining room, with a one bedroom basement suite, private sundeck, for $700,00.00
Not to even mention that the house in Vancouver sits on a thirty foot wide lot and the described house in Victoria is on a sixty foot lot. Victoria also gets 30% less rain.
People in Victoria hav no idea how lucky they are. Rents are cheaper as well.
Victoria is vastly underpriced in my opinion and is a great place to invest in real estate.
So is Sooke. You can buy a brand new three bedroom house in Sooke with a den, and a legal one bedroom suite included, with all the appliances included for $375,000.00.
These places are ripe for the picking and are sure to go up.
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