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The Briar Hill Group

Broadmead Townhome Market - 2012 Review

Broadmead is one of the more popular places to purchase townhomes in Greater Victoria. I always find my open houses there to be filled with buyers who are looking carefully at what the market has to offer.

Broadmead is a toney area located just off the Patricia Bay highway, with easy access to downtown as well as the airport and ferries. There are several amenities nearby including Broadmead shopping Centre, Royal Oak shopping centre and the Commonwealth Community Centre to name a few.

A townhome is a great place for those wanting a lifestyle that's low maintenance. Townhomes typically self-select for an older population whose looking for one level living, no outdoor maintenance, and a ready-made community in the form of a strata. It offers a feeling of safety in numbers and ensures that neighbours are likely to have similar interests.

The number of active listings in Broadmead in the past two years. It has steadily increased from just over 20 homes for sale per month to around 65.

The median sale price of townhomes for Broadmead in the past two years shows that the market has softened somewhat during this time hovering from just under $600,000 to just about $525,000. As the number of townhomes on the market increased, the number of sales in Broadmead has decreased, with 3 out of the past 9 months having no sales at all. This has affected price, causing median sale price to decrease.

All things are relative though and in comparing the Broadmead area to that of the downtown core, which includes Saanich East, Saanich West, Victoria, Esquimalt, View Royal and Oak Bay, we can see that although Broadmead is declining in price it is following the same trend as the rest of the city but that it is still priced higher than the rest of the city. This says to me that Broadmead sellers are sticking to their guns regarding price relative to other areas of the city.

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Krpaan said:

The briar hill group is famous brand in real estate business. Now a house description which is no sell posted in this page. I'm not looking property related content but i'm looking some sites which looks like https://www.rush-my-essay.com/ and then i will create my own website on different topics but theme will be same.

May 14, 2018 8:23 AM

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About Jane Johnston Personal Real Estate Corporation M.E

Jane Johnston was a winner of an VREB MLS® Silver Award in 2007 and 2008 and 2010, and MLS® Gold Award Winner in 2010. Jane was Pemberton Holmes' top new REALTOR® in her first year and has consistently been a top 1% performing realtor at Pemberton. Jane is focused on providing you with top-rated service.