JAMES BAY REAL ESTATE MARKET UPDATE: WHAT TO EXPECT BY FRED CARVER
James Bay is a highly dense neighborhood in Victoria BC and is the oldest residential neighborhood on the west coast of North America besides San Francisco. It occupies the south side of the inner Harbor close to downtown Victoria, BC.
James Bay History
James Bay dates back to the early 1840s with development beginning in 1859. Gov. Douglas decided to construct a colonial administration office for the Colony of Vancouver Island across the harbour from Fort Victoria.
These fanciful designs known as the “Birdcages” were replaced in 1898 by Francis Mawson Rattenbury’s Parliament buildings, which still serve as the meeting place of the legislative assembly of British Columbia today.
During the completion of the BC parliament buildings, a considerable amount of residential development took place in James Bay. The home of James and Amelia Douglas stood on the location of the present Royal British Columbia Museum but there are several historical buildings and homes still standing.
In addition to Victoria’s government offices, James Bay was home to a number of industries, factories, and Marine oriented industries including Laing’s shipyard where Fisherman’s Wharf is located today.
Float Homes at Fisherman’s Wharf on the Victoria Harbour Waterfront
Float Homes
All the construction of South Park Elementary school in 1914 largely mark the close of the building boom in James Bay, that is up until the 1960s when demolition of many of the older buildings made room for the construction of a number of apartment buildings, newer homes, and mid-rise buildings. Because of this, the James Bay Neighbourhood Association was founded to create a preservation effort for some of the older, historical homes.
Amenities
This charming neighborhood features a variety of organic markets, shopping, and restaurants and Fisherman’s Wharf is definitely something to see. There are several houseboats, seafood vendors, and if you’re lucky, you might see a pirate or two.
There are several parks, trails, historic homes and of course the Royal British Columbia Museum, one of Victoria’s main attractions. There is so much to see and do in James Bay that you could live here for a year and maybe not visit everything there is to experience.
We here at April Prinz Real Estate Marketing Re/Max Camosun continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find James Bay BC real estate statistics for the week April 2, 2023.
My Google Map of James Bay
My Google Map View of James Bay
New listings homes, condos and townhouses New to the market as of April 2 total = 46
Number of Pending Single family home sales as of Jan/March = 2
Number of homes Sold’s (completed sale) in the last 180 days = 1
Number of home listing expiring in March = 4
Current Single Family Pending Sales -Average days on the market DOM= 32
Year to-date single family home Sales (04/2/22 to 04/2/23) Activity: Solds = 21
Current Active listings in James Bay single family homes 10, condos and townhouses 34
Average Current Pending Selling Prices
Single family homes = $1,915,500 from 2 pending sales average DOM =16.
Condo & Townhouse = $698,206 from 18 pending sales average DOM =34
Data Source VREB
Go Here to find you next home in Victoria’s James Bay Community
JAMES BAY REAL ESTATE VICTORIA BC
JAMES BAY REAL ESTATE MARKET UPDATE: WHAT TO EXPECT BY FRED CARVER