Victoria has been experiencing a consistent housing market success since 2010. There are a lot of new real estates for sale which offer amazing architecture and modern conveniences. The prices are very moderate and not very high, unlike other neighboring places. Families can easily buy amazing homes in a moderate price.
Preconstruction in Victoria:
There are a large number of pre-construction in Victoria in past few years. Approximately there are 142 new home developments. These are a mix of high-rise and low-rise planning. Some of these are under construction while some have undergone completion. Out of 142, 28 are condo developments and 4 are apartment developments. There are a total of 1701 units under construction. There are 7 townhouse developments while 3 single family home developments in Victoria.
The average price of reconstruction:
The average price per square foot for a low-rise home is $528. The average condo price per Sqft is $847.
Names and details of some preconstructions:
Hudson Place One by Townline is a condo development that is currently under construction. It is located at 777 Herald Street, Victoria. The development is planned for completion in 2020. Sales for existing units’ range in price from $399,900 to over $1,426,900. Hudson Place One has 176 units and their sizes range from 455 to 1253 square feet.
Esquimalt Town Square is located at 1235 Esquimalt Road, Victoria. The development finished completion in 2020. The sales for existing units range in price from $518,900 to over $923,900. There are 32 units and the sizes range from 678 – 1184 square feet.
Edgewood Estates is a single-family home development by Fox ridge. Homes which is currently under construction at 16798 Edgewood Drive, Surrey. Sales for available units range from $1,239,900 to $1,502,900. Edgewood Estates consists a total of 68 units. The sizes range from 2776 to 3229 square feet.
Jukebox Victoria by Mosaic Properties Inc is located at 1029 View Street, Victoria. This is a condo development that was finished in 2019. The sales for available units range in price from $315,000 to $539,900. Jukebox Victoria contains a total of 229 units. The sizes range from 334 to 700 square feet.
Customs House is currently under construction at 888 Government Street, Victoria. The development is programmed for completion in 2021. Sales for existing units start from $2,900,000. Customs House contains a total of 57 units. The sizes range from 1423 to 3531 square feet.
Real Estate Facts:
Victoria’s real estate market is very large, and the housing prices are expected to keep rising during the next year.
The basic driving force is a strong economy and a rising population because more people wish to experience Victoria’s beautiful lifestyle. Single-family homes make a good proportion of the real estate market, but Greater Victoria also has a number of luxury homes. The average home price is $668,900, average rent price is $1,125.39, the average Condo price is $339,100, the average detached home price is $735,700
