Matt Loken Real Estate
114- 4480 W Saanich Rd V8Z 3E9 Victoria, BC, Canada

Brighten up your space and lift your day-to-day mood at home with these lighting ideas:

APRIL MARKET STATS ARE OUT! "Comparing last year's April market to 2021 does not provide us any real insight into long term market trends," said Victoria Real Estate Board President David Langlois. "Instead of comparing to last year's numbers, we need to look at years before the pandemic to see how April 2021 compares to average. In the most recent five years pre-pandemic, the average number of sales in the month of April was 896. April 2016 holds the record for sales with 1,...286 properties sold. The five-year average for active listings was 2,596, so we sit at more than one thousand homes fewer than a recent average level of inventory." Here’s a little breakdown: - Last month's sales were 288.9% more than a year before. - There were 36.9% fewer homes listed than the previous year. - The benchmark price for a single-family home was $996,500. Feel free to call if you have any questions!

Spring cleaning is a great chance to reorganize your belongings. Check out these great tips on how to get started:

Before you start your home renovation, there are a few financial things to consider and prepare for before you start:

MARCH MARKET STATS ARE OUT! "Limited supply with overwhelming demand has been the story for the first quarter of 2021," said Victoria Real Estate Board President David Langlois. "This time last year was the beginning of the pandemic and most everything was shut down so we cannot compare year over year numbers but if we look at longer term trends, the average number of sales from the month of March in the past ten years before 2020 was 715 properties. Numbers from last mon...th are close to the market trends we saw in 2016, but with an even greater imbalance in inventory due to a surge in consumer demand for homes in the Victoria area." Here’s a little breakdown: - Last month's sales were 92.9% more than a year before. - There were 41.8% fewer homes listed than the previous year. - The benchmark price for a single-family home was $968,700. Feel free to call if you have any questions!

Long weekends are never long enough! Hope everyone is making the most of their Easter so far!

Spruce up your living space with these easy to maintain cacti!

SOLD! 1022 Torrance Ave, Langford, BC, CA! Congratulations to the sellers of this fantastic home in Langford!

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It's important to keep these factors in mind when you're on the house hunt!

DECEMBER MARKET STATS ARE OUT! "This has been an unexpected year on many levels," says 2020 Victoria Real Estate Board President Sandi-Jo Ayers. "The onset of the COVID-19 pandemic in March and April quickly swept away any illusions that our normal seasonal market patterns would persist. Equally surprising was the resurgence of our market in early summer when restrictions lightened and pent-up demand began pushing sales beyond expectations. The combination of the ongoing pand...emic, historically low interest rates and a shift in consumer priorities towards properties that cater to a more home-based work / life / retirement balance resulted in record setting sales for the last several months of 2020." Here’s a little breakdown: - Last month's sales were 57% more than a year before. - There were 34.5% fewer homes listed than the previous year. - The benchmark price for a single-family home was $915,100. Feel free to call if you have any questions!

May you have a spectacular New Year!

It has been a pleasure to serve you this year. Thank you! Merry Christmas and Happy Holidays!

Click below to learn about the most recent real estate updates for last month. Don’t forget to subscribe to this monthly newsletter!

Updating your linens and bedsheets can make a huge difference in your bedroom!

SOLD! 21 Seagirt Rd, Sooke, BC! It was a pleasure to help sell this lovely home in Sooke.

Let us take a silent moment to remember those who have sacrificed their lives for our country.

OCTOBER MARKET STATS ARE OUT! "Once again, another month concluded with numbers that surprised many of us," said Victoria Real Estate Board President Sandi-Jo Ayers. "Sales for October broke the record for the month and inventory continues to be snapped up quickly. Due to this high demand, low supply environment, we are seeing many multiple offer situations. Condos and single family homes both continue to be popular choices for buyers." Here’s a little breakdown: ... - Last month's sales were 59.9% more than a year before. - There were 19.7% fewer homes listed than the previous year. - The benchmark price for a single-family home was $859,900. Feel free to call if you have any questions!

SOLD! #4 991 McKenzie Ave, Saanich, BC, CA Congratulations to the sellers of this fantastic home in Saanich!

Have a safe but frightful Halloween!

These laundry room ideas will make doing the chore a bit more fun!

Plenty of excellent content in this month’s newsletter! Be sure to click below to check it out, and don’t forget to subscribe!

Happy Thanksgiving! Practicing social distancing doesn't mean you can't be social. Don't forget to call your favourite people and greet them this holiday!

SEPTEMBER MARKET STATS ARE OUT! "Another month has passed where we have seen surprisingly high sales numbers - which included quite a few higher end properties," says Victoria Real Estate Board President Sandi-Jo Ayers. "I don't think that anyone who was trying to predict market outcomes in our area over the course of the pandemic expected that the pent up demand from dampened sales in April and May would result in this level of market activity. There's no doubt that buyers a...re extremely motivated and this increased demand, coupled with limited inventory, fueled the September market." Here’s a little breakdown: - Last month's sales were 60.6% more than a year before. - There were 15.4% fewer homes listed than the previous year. - The benchmark price for a single-family home was $879,200. Feel free to call if you have any questions!