Real Estate
If you’re looking for property (be it residential or commercial) in James Bay, Victoria’s oldest neighborhood, you’ve come to the right spot.
With the downturn in the economy, there are some excellent buying opportunities in the residential market (be it single family dwellings, condos, or townhouses), not to mention commercial leasing opportunities.
The "Times Colonist" reported on August 5, 2009 a comparative report on Victoria Single Family Home Sales and Condo Sales in July over the past three years:
Single Family Home Sales:
July 2009 – 471 (Ave. Selling Price = $565,469; Median Selling Price = $520,000)
July 2008 – 335 (Ave. Selling Price = $578,177; Median Selling Price = $529,000)
July 2007 – 453 (Ave. Selling Price = $574,753; Median Selling Price = $515,000)
Condo Sales:
July 2009 – 253 (Ave. Selling Price = $328,831; Median Selling Price = $290,000)
July 2008 – 166 (Ave. Selling Price = $302,635; Median Selling Price = $285,000)
July 2007 – 240 (Ave. Selling Price = $306,537; Median Selling Price = $267,750)
As of August 28, 2009 there were 62 MLS listings for properties in the James Bay neighborhood.
Your best bet is to visit the Victoria Real Estate Board and search for:
James Bay Real Estate Market Update for August 2009 - by Fred Carver Real Estate Marketing
