Real Estate Blog

The Vancouver Island Real Estate Board (VIREB) recorded 1,287 unit sales (all categories) last month compared to 692 in September 2019, a healthy showing amid the economic downturn caused by a global pandemic. Breaking those numbers down, 643 single-family detached properties (excluding acreage and waterfront) sold in September compared to 324 the previous year. Sales of condo apartments rose by 46 per cent year over year while row/townhouse sales increased by 28 per cent.

“The strength of our housing market has surprised us somewhat,” says VIREB president Kevin Reid. “We frankly did not expect it to recover so quickly from the COVID-19 effect.” Reid attributes the recovery to familiar factors: pent-up demand, low mortgage rates, and persistent

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Our autumn real estate market is almost always a hot season - families are returning to life and routines as “normal”, kids are in school, and the holidays aren't upon us—at least not yet. It’s a busy, yet peaceful time for families here in the Alberni Valley. And thanks to our glorious autumn weather and overall mild climate, fall is considered an excellent time to properly price and move property. In fact, it’s even known as the ‘second spring’ in Western Canadian Real Estate!

Come October, serious buyers will be feeling the pressure to make their move before the holiday season or bad weather hits.

That’s where YOU come in! If you’re even thinking of making a move this season, be sure to get started today with these helpful tips.

#1. Let

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The Vancouver Island Real Estate Board (VIREB) recorded 1,101 unit sales (all categories) last month, a 39 per cent increase from August 2019.

A total of 547 single-family detached properties (excluding acreage and waterfront) sold in August, a year-over-year increase of 35 per cent. Sales of condo apartments rose by 43 per cent year over year while row/townhouse sales increased by 19 per cent.

“Our housing market rebounded from the COVID-19 downturn far more quickly than expected,” says VIREB president Kevin Reid. “Pent-up demand, low interest rates, and persistent supply shortages are fueling the recovery.” Active listings of single-family detached properties (excluding acreage and waterfront) totalled 1,081 in August, while there were 427

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Who says your home office needs to be all work and no play?

As we spend more time in our home offices than ever before, many of us have discovered that such improvised setups can become cluttered, ineffective, uncomfortable - or for the folks doing ample video calls: downright embarrassing!

Many of our buyers have been asking about office space when viewing their potential new homes. We’re finding that dens are now being considered for office space, like never before.

While working from home becomes the NEW normal for some of us, it's absolutely worth optimizing your home working space. The ideal home office should be quiet, comfortable, and inspiring. Furthermore, your home office doesn't just have to be a place to get things done. With a

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As published in Vancouver Island Daily by Nora O'Malley

A coastal haven owned by the family of ’90s TV star is up for grabs on Vancouver Island. Terrace Beach Resort, a commercial offering of 21 suites and cabins next to Ucluelet’s world-famous Wild Pacific Trail, was recently listed for $4,495,000. The Priestley Family — Norma, Lorne and son Jason of Beverly Hills 90210 fame — have been welcoming guests to their vacationer’s oasis for the past 20 years. “We are selling for simple reasons. We are getting older. Retirement age of 65 is long past,” said Lorne and Norma Priestley in an email to the VI Free Daily.

Port Alberni-based realtor Dave Koszegi is working with the Priestleys to find the right buyer. “There is nothing available like it. It’s

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The COVID-19 effect on VIREB’s housing market seemingly wore off in June, with sales rebounding significantly from May and posting year-over-year increases in most markets. Last month, 479 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 246 in May 2020 and 406 one year ago.

Sales of apartments increased by three per cent year over year but were 59 per cent higher than in May. Townhouse sales rose by three per cent year over year and were up by 118 per cent from May 2020. Inventory of single-family homes last month dipped by 23 per cent year over year (1,598 to 1,224). Active listings of apartments rose by 22 per cent (353 to 431) year over year, while townhouse inventory dipped by three per cent (189 to 183).

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While COVID-19 had a significant impact on the Vancouver Island Real Estate Board’s (VIREB) housing market in April, the board’s May numbers indicate that the market may already be recovering.

Last month, 246 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 189 in April 2020 and 456 in May 2019. Sales of apartments decreased by 56 per cent year over year but were significantly higher than in April, with 44 properties changing hands compared to 17 the previous month. Townhouse sales dropped by 70 per cent year over year but rose by 65 per cent from April. Inventory of single-family homes last month dipped by 14 per cent year over year (1,486 to 1,282). Active listings of apartments rose by 21 per cent (339 to 410) year

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Wonder what’s happening in our local Real Estate market? All of us at the Dave Koszegi Group are continuing to support Real Estate transactions here in the Alberni Valley as safely and effectively as possible (keeping the health and well-being of our community as our number one priority).

As you know, our government has recognized real estate as an essential service so not only do we have an obligation to honour existing contracts so housing is provided, but life events continue to happen during this time so the exchange of real estate is deemed essential.

We are diligently following guidelines from the federal government, the Canadian Real Estate Association (CREA) and our local board to ensure we operate in a manner that is safe for the wellbeing

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All of us at the Dave Koszegi Group wanted to let you know that we continue to support real estate transactions during the COVID-10 outbreak. Our government has explicitly named real estate as an essential service. Not only do we have an obligation to honour existing contracts so housing is provided but life events continue to happen during this time so the exchange of real estate is deemed essential.  

We are following guidelines from the federal government, the Canadian Real Estate Association (CREA) and our local board to ensure we operate in a manner that is safe for the wellbeing of our colleagues, clients, neighbours, friends and families.

This means, like many of you, we are mostly working virtually and limiting travel and face to face

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The COVID-19 health crisis will undoubtedly dampen the provincial housing market, but the Vancouver Island Real Estate Board (VIREB) reports that the virus had little impact on March sales.

In Port Alberni, the benchmark price of a single-family home in March came in at $328,300 which increased by 2.2% from February and 12% compared to March of last year. This is a significant increase especially when you compare it to other regions on Vancouver Island which have an average growth of only 3.6% and the closest other community in the region is Campbell River at 4.7%.

In the apartment category, the year-over-year benchmark price rose by 9.6%, hitting $381,500 with a 2.5% increase form the month prior. The benchmark price of a townhouse rose just over 2

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