tag:blogger.com,1999:blog-7123542260692860177.post6878982905755747822..comments2023-12-02T00:38:46.467-08:00Comments on House Hunt Victoria: Monday market update, it's almost overHouseHuntVictoriahttp://www.blogger.com/profile/07456914359088891317noreply@blogger.comBlogger76125tag:blogger.com,1999:blog-7123542260692860177.post-18609978019861958042011-12-01T11:37:48.967-08:002011-12-01T11:37:48.967-08:00And Redmond is still expensive, but not immune to ...And Redmond is still expensive, but not immune to a correction.<br /><br />http://www.zillow.com/local-info/WA-Redmond-home-value/r_54089/<br /><br />Look at that, a 25% drop.Fiduciaryhttps://www.blogger.com/profile/10657843466561214005noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-4838241142767577802011-12-01T11:30:59.059-08:002011-12-01T11:30:59.059-08:00If the $6.5M oultier is removed that sfh average d...If the $6.5M oultier is removed that sfh average drops below $580k.Jasonhttps://www.blogger.com/profile/17887894208583397372noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-10957555536095602592011-12-01T11:26:50.666-08:002011-12-01T11:26:50.666-08:00Duly noted, Introvert. Thanks for your correction...Duly noted, Introvert. Thanks for your correction.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-83284019127143287882011-12-01T11:23:36.604-08:002011-12-01T11:23:36.604-08:00I also need to point out that Microsoft is HQed in...<em>I also need to point out that Microsoft is HQed in Seattle</em><br /><br />Forgive me for nitpicking, but it's actually Redmond.Introverthttps://www.blogger.com/profile/03333045260631104757noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-60230789789381916972011-12-01T10:47:59.667-08:002011-12-01T10:47:59.667-08:00BTW - look at the average price drop in townhouses...BTW - look at the average price drop in townhouses - almost $50,000 last month from Oct. The bottom falls out first.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-20977641812916720412011-12-01T10:45:40.525-08:002011-12-01T10:45:40.525-08:00VREB release:
Real Estate Activity Stable in Nove...VREB release:<br /><br />Real Estate Activity Stable in November<br />December 1, 2011<br /><br /><br />Real estate sales activity remained steady throughout Greater Victoria last month with a total of 482 homes and other properties selling through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), virtually unchanged from 483 sales in October. There were 479 sales in November of last year. Overall prices, meantime, remained mixed, depending on price measure and property type.<br /><br />Victoria Real Estate Board President, Dennis Fimrite, said the continued stability in sales is indicative of a balanced and healthy market, "We were pleased to see that sales last month were higher than in November of last year and showed little change from October. Looking forward, we anticipate continued stability as we move into 2012." Fimrite noted that there was some variability in prices last month, depending on property type, "It’s important to look at price changes over several months to determine what trends are developing as there will always be month-to-month fluctuations in prices depending on what properties sell in a given month." He added that that there were 11 single family home sales of over $1 million in November including one for over $6 million in Oak Bay.<br /><br />Fimrite added that the number of properties available for sale eased last month to 4,329 compared to 4,687 at the end of October. "Inventory levels remained 16 per cent higher than a year ago but have fallen back from a peak of over 5,000 seen earlier this year."<br /><br />The average price for single-family homes sold in Greater Victoria last month was $592,034, down slightly from $595,836 in October. The median price also declined to $530,000 while the six-month average declined to $613,259. The overall average price for condominiums last month was $320,558, up from $307,329 in October. The median price for condominiums in November also increased to $296,000 while the average for the last six months declined slightly to $321,941. The average price of all townhomes sold last month was $380,675 compared to $428,040 in October. The median price declined to $360,000 while the six month average declined to $425,095.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-88309225442995842772011-12-01T10:03:53.901-08:002011-12-01T10:03:53.901-08:00My wife was surfing the rental houses in Oak Bay l...My wife was surfing the rental houses in Oak Bay last night - it seems like there is an awful lot of houses for rent here and they are nice for what you pay - changed from the summer where there seemed to be very little.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-27606130423590010102011-12-01T09:39:24.009-08:002011-12-01T09:39:24.009-08:00I would debate working at that office, but if they...I would debate working at that office, but if they treat their employees anything like EA treats theirs, I wouldn't touch it with a 10 foot pole.Fiduciaryhttps://www.blogger.com/profile/10657843466561214005noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-20982515339268283492011-12-01T09:34:41.326-08:002011-12-01T09:34:41.326-08:00Thursday December 1, 2011 8:00am:
November Nove...Thursday December 1, 2011 8:00am:<br /><br /> November November<br /> 2011 2010<br />Net Unconditional Sales: 482 479<br />New Listings: 847 722<br />Active Listings: 4,329 3,723Markohttps://www.blogger.com/profile/08315282480144281935noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-44943300162304949912011-12-01T09:30:32.251-08:002011-12-01T09:30:32.251-08:00I'm not surprised. Don Mattrick, former wiz ki...I'm not surprised. Don Mattrick, former wiz kid game developer who was president of Electronic Arts until he moved to head the game division of Microsoft lives in Victoria.Antonhttps://www.blogger.com/profile/15517790675640858213noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-51831691505666200902011-12-01T09:18:17.624-08:002011-12-01T09:18:17.624-08:00But, I also need to point out that Microsoft is HQ...But, I also need to point out that Microsoft is HQed in Seattle, and we all know how well Seattle is doing.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-34359530857348718652011-12-01T09:16:40.132-08:002011-12-01T09:16:40.132-08:00Introvert - I read that as well - exciting for Vic...Introvert - I read that as well - exciting for Victoria!a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-2181154914575071562011-12-01T08:55:49.918-08:002011-12-01T08:55:49.918-08:00Microsoft opens design studio in Victoria
Microso...<a href="http://www.timescolonist.com/life/Microsoft+game+Victoria+studio/5794848/story.html" rel="nofollow">Microsoft opens design studio in Victoria</a><br /><br /><em>Microsoft Corp. will open a major game design studio in downtown Victoria early in the new year that could employ up to 60 people.<br /><br />...<br /><br />Victoria was chosen for its strategic proximity to Microsoft headquarters in Redmond, Washington, and for its "livability," which will help attract the best and brightest in creative, production and design in the global gaming industry.<br /><br />...<br /><br />"The sun shines over here, there are no hour-long commutes, housing prices are half as much ... it was an easy decision," said Robertson, an industry veteran who lives in Victoria.<br /><br />...<br /><br />We wanted to live where we worked and we love the community feel of Victoria ... the walkability, the village centres, the bike lanes."<br /><br />...<br /><br />The facility, to be called Microsoft Studios Victoria, will have an open, modern design and rooftop garden. Microsoft has an option for the floor below to allow for expansion of its workforce.<br /><br />...<br /><br />The site was chosen for its downtown waterfront location and proximity to seaplanes and ferries to Seattle, Robertson said.<br /><br />...<br /><br /><br />"Victoria offers proximity to world-class universities, a thriving, advanced technology industry with a highly educated and skilled workforce, located in one of Canada's best communities to live in," he said.<br /><br />...<br /><br />Post-secondary institutions and the local technology sector were thrilled with Microsoft's decision, saying the company's "star power" on the global stage will put Victoria on the map and help to attract talented people.</em>Introverthttps://www.blogger.com/profile/03333045260631104757noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-54404550001152344712011-12-01T08:14:01.848-08:002011-12-01T08:14:01.848-08:00An indoor air quality test is a must for this one ...An indoor air quality test is a must for this one and any other tests that may be relevant.<br /><br />This may be a requirement from some banks before they lend on the property. If the property does not pass the relevant tests, then a buyer may have to find private lenders at much higher interest rates of 12 to 15 percent. Since a substantial portion of value in our market is created from cheap credit, that will have a massive affect on price. <br /><br />If the property fails the relevant tests then you're likely looking at land value less the cost to demolish the building.<br /><br />So why no mention of the grow operation or need of an air quality test? I suppose its for legal reasons. The agent does not have first hand information that it was a grow op, how extensive the operation was and how affective any clean up was done. <br /><br />Its a case of "buyer beware".Johnny-Dollarhttps://www.blogger.com/profile/12950799399842707067noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-50439139690378845242011-12-01T06:54:33.237-08:002011-12-01T06:54:33.237-08:00Haha. That'll do it. Thanks JustWatching. ...Haha. That'll do it. Thanks JustWatching. <br /><br />Funny how that sentence isn't in the current description.Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-90761881749097762952011-12-01T06:45:53.334-08:002011-12-01T06:45:53.334-08:00This comment has been removed by the author.Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-9318787431652872522011-11-30T23:00:31.432-08:002011-11-30T23:00:31.432-08:00Someone should knock on the door and ask the tenan...Someone should knock on the door and ask the tenants if they know that it had been a grow op. Could be some interesting unresolved things in walls and wiring if the house has only been 'cleaned' Nothing said about proper remediation and inspection.Animal Spirithttps://www.blogger.com/profile/14290032551579947421noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-8648730381203090572011-11-30T22:16:32.207-08:002011-11-30T22:16:32.207-08:00Leo S,
998 Karen is one of those houses you might...Leo S,<br /><br />998 Karen is one of those houses you might want to avoid...<br /><br /><a href="http://i41.tinypic.com/2rglu8h.png" rel="nofollow">Reason why - click here</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-21833657677420229882011-11-30T21:15:25.915-08:002011-11-30T21:15:25.915-08:00Anyone know anything about 998 Karen Cres? I'...Anyone know anything about <a href="http://www.realtor.ca/PropertyDetails.aspx?PropertyID=11295367&PidKey=898083639" rel="nofollow">998 Karen Cres</a>? I'm surprised that it's still for sale. Must be something wrong with it.Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-30402749578052081392011-11-30T19:43:10.387-08:002011-11-30T19:43:10.387-08:00Question: What are your views on manufactured home...Question: What are your views on manufactured homes? Sometimes "I wonder if it would be worth it to buy one for $50000 to quickly pay if off and save on rent and payments for awhile...thoughts?MChttps://www.blogger.com/profile/16883048858235197854noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-9168058196573690102011-11-30T18:57:18.271-08:002011-11-30T18:57:18.271-08:00Everyone in the world (and their dog) is expecting...Everyone in the world (and their dog) is expecting inflation to make their debt troubles go away. Which tells me things aren't gonna happen as everyone is expecting. Probably, the opposite.<br /><br />Also, inflation does not necessarily make debt easier. Especially rate adjustable (ie, Canadian mortgages). And inflation does not guarantee your income will go up proportionately. You might very well get squeezed by lagging incomes and rising costs.pod_xhttps://www.blogger.com/profile/15563878261558272350noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-82668185431826692922011-11-30T15:48:14.192-08:002011-11-30T15:48:14.192-08:00Incidentally, watch for some profit-taking on the ...Incidentally, watch for some profit-taking on the markets tomorrow and an inevitably "new" announcement over the weekend from the ECB/IMF on how they will attempt to stabilize the economies of the <a href="http://en.wikipedia.org/wiki/PIGS_%28economics%29" rel="nofollow">PIGS</a>.DavidLhttps://www.blogger.com/profile/00353906360642344879noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-46719069178279809322011-11-30T15:43:56.263-08:002011-11-30T15:43:56.263-08:00@a simple man asked: are we in/entering a recessio...@a simple man asked: <i>are we in/entering a recession?</i><br /><br />Answering this is a challenge as there are conflicting definitions for a <a href="http://en.wikipedia.org/wiki/Recession" rel="nofollow">recession</a>. That said: inflation is slowly inching up, wages are close to stagnant, consumers have less money for discretionary spending (partially because so much money is being spent on servicing debt). Most "first world" countries are seeing their deficits skyrocket and concerned about the fiscal side-effects of austerity and now resorting to <a href="http://www.cbc.ca/news/business/story/2011/11/30/central-banks-credit.html" rel="nofollow">tinkering with the how money is exchanged</a>. Did I mention the environment?!<br /><br />It all looks rather grim to me ...DavidLhttps://www.blogger.com/profile/00353906360642344879noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-36399004087535294592011-11-30T15:39:05.977-08:002011-11-30T15:39:05.977-08:00Technically speaking, a recession is when GDP is n...Technically speaking, a recession is when GDP is negative for two consequitive quarters, which conviniently means you won't find out about it from the MSM until 6 months after you're deep into it and in many historic situations out of it.<br /><br />Realistically, we've never recovered the recession that started in 2008. Wages are stagnent, *REAL* unemployment figures remain elevated ~3 times above normal, our debts & deficits continue to accumulate, GDP growth is mostly artificial in major G20 countries vastly boosted by increased debts and highly questionable accounting practices. And as a result of all this risk (ignoring the growing number of elephants in the room - Euro on verge of collapse, China on verge of implosion, US economic situation getting worse by day, Iran/Israel/Syria boardering on war), interest rates will remain artificially depressed until the can finally hits the wall and then we'll experience a SHTF moment. I predict (major) currency wars to accelerate in late 2012 into 2013, followed by physical wars if massive global economic reform does not take place - i.e. End the Fed and central banks by extension, End the Keynesianism insanity (Debt based monetary systems), end all corporate influence over government lawmakers.<br /><br />I'm betting on nothing getting resolved, and chaos to ensue. Hence why I'm continously going further and further into gold and silver.<br /><br />[/End of doom and gloom], now back to your regular scheduled programming... Remember folks, everything is OK, please do not worry and quickly carry on to your next shopping experience.SilverSurferhttps://www.blogger.com/profile/06625822446412095506noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-28952741120924699752011-11-30T15:12:04.636-08:002011-11-30T15:12:04.636-08:00are we in/entering a recession?are we in/entering a recession?a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.com