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Capital region’s real estate slowdown turns around in May with strong sales

The capital region real estate market’s slow start to 2019 appears to be a thing of the past, according to numbers released Monday by the Victoria Real Estate Board.

Last month, the number of sales and the number of listings both jumped significantly compared with last month and last year.
There were 848 sales last month in the region, up from 696 in April and the 755 recorded in May last year. There were 3,019 active listings at the end of May, a 9.7 per cent increase over April’s 2,751 and a 26.1 per cent increase over the 2,394 listings at the end of May 2018.

Cheryl Woolley, president of the board, said it’s hard to say what was behind the slow start or the improved May numbers.

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Recommendation

April 2019
Deedrie Ballard,
Remax Camosun

Dear Deedrie,

We want to thank you very much on the sale of our home. You listed and sold within a month at a time when the market is very difficult for sellers.

As you know, we tried to sell our house ourselves. We got an MLS listing and held open houses. We had interest at the open houses, many people came and many said they really liked the house, the price and the location, but none of that interest turned into a sale.

Even though we had over 50 groups of people look at our home during the open houses we held, you still had over another 30 at your first open house, plus 8 individual showings in the first week! It appears that the reach of professional realtors is greater than what a private homeowner can do. Thank you!

I believe that people really feel they must have a professional to guide them and let them know the pros and cons of the process of buying a home. A realtor is both trustworthy and independent. They have no underlying interest in the home… and also know which professional to go to for questions if the buyer has any. It is a big expenditure- the biggest the buyer will ever make! And, not one done very often.

We appreciate the help you gave us.
Best regards, G.M. AND M.H. Previous Oak Bay homeowners!

Eggnog Cheesecake

  • Yield: 12-14 Slices
  • Category: Dessert
  • Method: Oven
  • Cuisine: American

INGREDIENTS

CRUST

  • 2 ¼ cups (302g) graham cracker crumbs
  • ½ cup (112g) salted butter, melted
  • 3 tbsp (39g) sugar
  • 1/2 tsp nutmeg

FILLING

  • 24 ounces (678g) cream cheese, room temperature
  • 1 cup (207g) sugar
  • 3 tbsp (24g) all purpose flour
  • 1 cup (230g) eggnog
  • 3/4 tsp ground nutmeg
  • 4 large eggs, room temperature

WHIPPED CREAM TOPPING

  • 1 cup (240ml) heavy whipping cream, cold
  • 3 tbsp (45ml) eggnog
  • 10 tbsp (72g) powdered sugar
  • Nutmeg, for sprinkling
  • Pearl sprinkles, optional

INSTRUCTIONS

CRUST

1. Preheat oven to 325°F (163°C). Line a 9-inch (23cm) springform pan with parchment paper in the bottom and grease the sides.
2. Combine the crust ingredients in a small bowl. Press the mixture into the bottom and up the sides of the springform pan.
3. Bake the crust for 10 minutes, then set aside to cool.
4. Cover the outsides of the pan with aluminum foil so that water from the water bath cannot get in. See how I set up my pans. Set prepared pan aside.

CHEESECAKE FILLING AND TOPPING

5. Reduce oven to 300°F (148°C).
6. In a large mixer bowl, mix the cream cheese, sugar and flour until well combined (Use low speed to keep less air from getting into the batter, which can cause cracks). Scrape down the sides of the bowl.
7. Add the eggnog and nutmeg and mix on low speed until well combined.
8. Add the eggs one at a time, beating slowly and scraping the sides of the bowl after each addition.
9. Pour the cheesecake filling into crust and spread evenly.
10. Place springform pan (covered with aluminum foil) inside another larger pan. Fill the larger pan with enough warm water to go about halfway up the sides of the springform pan. The water should not go above the top edge of the aluminum foil on the springform pan.
11. Bake for 1 hour and 30-40 minutes.
12. Turn off heat and leave cheesecake in oven with door closed for 30 minutes.
13. Crack oven door and leave the cheesecake in the oven for about 30 minutes.
14. Remove cheesecake from oven and chill until firm, 5-6 hours or overnight.
15. To make the whipped cream, add the heavy whipping cream, eggnog and powdered sugar to a large mixer bowl. Whip on high speed until stiff peaks form.
16. Remove the cheesecake from the pan, then pipe the whipped cream onto the cheesecake. I made little rosettes with Ateco tip 844, but feel free to decorate as you like. Sprinkle with a little nutmeg and pearl sprinkles, if desired.
17. Refrigerate the cheesecake until ready to serve. Cheesecake is best for 3-4 days.

November Update

It’s hard to believe that is Christmas only a month away, which also means that the busiest time for real estate is just around the corner. Will your home ready to sell when the New Year comes along?

Before the bustling holiday season gets underway, now is the perfect time to take a walk around your home. Take an honest look. Do you really need the dried flower arrangement your kids made for you in 1995? Has the paint seen better days? Have knick-knacks and kitchenware taken over your countertops?

The old saying, “You never get a second chance to make a first impression,” is never more true than when you decide to put your home on the market. Did you know that a cluttered home makes your home appear smaller? Not only does that leave a negative effect on buyers, it will probably have a negative impact on OFFERS!

Don’t try to do it all at once, take it step-by-step, and room-by-room. The upside is knowing you won’t have to pack, store or move the things that don’t fit with your new home. Let your digital camera be your friend – take a picture of the things you can’t seem to let go; it lasts longer and takes up less space.

Still can’t part with those “seen better days” mementos? Overwhelmed? There are people who can help you and I know where they are!

October Update

The ghosts and goblins may be knocking at your door but that means the busiest time for real estate is just beyond the pumpkin patch. Will your home ready to sell when January comes around?

Before the busy holiday season gets underway, now is the perfect time to take a walk around your home. Take an honest look. Do you really need the dried flower arrangement your kids made for you in 1995? Has the paint seen better days? Have knick-knacks and kitchenware taken over your countertops?

The old saying, “You never get a second chance to make a first impression,” is never more true than when you decide to put your home on the market. Did you know that a cluttered home makes your home appear smaller? Not only does that leave a negative effect on buyers, it can have a negative impact on OFFERS!

Don’t try to do it all at once, take it step-by-step, and room-by-room. Keep in mind that you wont have to pack, store or move the things you really don’t need to your brand new home. But if you still can’t part with those “seen better day” mementos, I know people who can help you.

In fact, I would love to help you with all your real estate questions; I’m just a phone call away.

Happy Halloween!