There is no question as to why people want to invest in the beautiful district of Oak Bay. With miles of beach, boutique shops, art galleries, tasty food and wine, golf clubs, prestigious schools and sport clubs, the opportunities are endless.
The median sale price of a home in Oak Bay has increased from $760,000 in 2011, to $1,108,000 in 2016, making Oak Bay one of the best real estate investments in the country.
Many people want to invest in Oak Bay because of the great schools that the community offers. Glenlyn Norfolk School (GNS), St.Michaels University School (SMUS), and Oak Bay Secondary are among some of the top rated. Whether you are interested in sending your child to a private or public school, Oak Bay provides exceptional opportunities for your children to thrive in both academics and sports.
Also located in Oak Bay, the popular Royal Victoria Yacht Club (RVYC), the oldest yacht club in Western Canada. The RVYC encourages yachting, boating, navigation, and seamanship. When you invest in a home in Oak Bay, you are also investing in all of the activities that the community provides.
In 2016, 183 properties sold over $1 million in Oak Bay, an increase from 58 properties in 2011. It is evident that the demand in Oak Bay is very hot, as the average number of days that homes in Oak Bay stay on the market has also jumped to 10 days in 2016, an increase from 31 days in 2011. With 2017 underway, the demand for a home in Oak Bay is on the rise as it is one of the top districts to reside in.
Whether you’re looking to invest in Oak Bay because of the luxury real estate, community perks, or activities that Oak Bay provides, you are making the right choice. To learn more about what Oak Bay provides and the beautiful properties, contact Rogers • Rutledge Engel & Völkers Vancouver Island today.
We promise that working with a qualified Victoria Realtor at Rogers • Rutledge Engel & Völkers Vancouver Island will make all the difference when buying or selling your home. Contact us for a free market evaluation today!