Thursday, May 04, 2017

SOLD  NEW LISTING OLD
SOLD  1066 Braeburn Ave
2013 Built One Level Home!
1467 Sq feet SOLD
Kitchen 
Kitchen  
 Dining Room
 Living Room
Living Room 
 Master Bedroom
 En suite bath
Fenced Yard 

SOLD Contemporary like new 2013 built 3 bedroom 2 bath rancher. Large open living room with access to entertainment sized patio. Separate dining room next to the large, open kitchen which features ample Quartz counter space and unusually large eating bar. Spacious master bedroom with bay window, 3 piece en suite and walk-in closet. Second bedroom has French doors to living room so could easily be study or play room. Laundry room with front load washer and dryer & shelving. Attractive setting backing onto tall cedars and walking trail around Katie's Pond. Call Lorne Tuplin - RE/MAX Camosun to view at 250-217-4600
988 Hinks Road $569,900
 Street View
 Entry
 Kitchen
 Dining Area
 Kitchen/Dining Combined
 Living Room
 Master Bedroom
 Deck
 Side Yard

Modern Arts and Crafts home backing on green space. No strata! End of cul de sac! 1638 sq ft on 2 levels. Higher quality than most similar style homes. Classic Fir front door, tile entry, stairwell spindles and Espresso Solid wood kitchen with dove-tail soft-close drawers, crown mouldings through main floor...it's gorgeous. Main floor living/kitchen/dining rooms are huge. Walkout level private yard. 3 bedroom, 2 full bath upstairs, Big master Bedroom, full 4 piece en suite bath and walk-in closet. 10 yr. quality carpets, 25 yr. laminate wood floors, underground sprinklers, fully fenced and landscaped! Blinds, garage remote. Hot tub and Gazebo negotiable apart from sale. Totally private yard backing treed area, only one neighbor! Now only $569,900

Tuesday, May 02, 2017

Victoria Real Estate Market Continues Trend of Low Inventory, High Demand

"The numbers we saw in April are a further indication that the market is gradually moving towards a more balanced state compared to the record setting pace of 2016." says 2017 Board President Ara Balabanian.

A total of 885 properties sold in the Victoria Real Estate Board region this April, 31.2 per cent fewer than the 1,286 properties sold in April last year. The ten year average for sales in April is 772 properties.

"We are starting to see hints of a more traditional spring market. Local agricultural production has been delayed due to the late spring, and so has the local real estate market," adds President Balabanian, "More sellers listed their homes for sale over the month of April compared to the month previous."

There were 1,690 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of April 2017, an increase of 8.6 per cent compared to the month of March, but 34.8 per cent fewer than the 2,594 active listings for sale at the end of April 2016.

"Inventory is still low, which means that buyers may encounter multiple offer situations in some of the high demand areas - there is still more demand than supply," adds President Balabanian.


The graphic below shows market price activity in Greater Victoria the past year
If you are considering buying or selling anywhere on the South Island, call Lorne Tuplin today 250-217-4600!

Wednesday, April 05, 2017

Victoria Real Estate Market Continues Trend of Low Inventory, High Demand

A total of 929 properties sold in the Victoria Real Estate Board region this March, 17.1 per cent fewer than the 1,121 properties sold in March last year.

"We predicted early in the year that we wouldn't see a continuation of the record sales numbers that we saw in 2016," says 2017 Board President Ara Balabanian. "However, we are still in a very active market, as evidenced by the fact that this is second highest March on record if you remove that record breaking 2016 data. We saw nearly 200 more transactions last month than March 2015, when 734 properties sold."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in March 2016 was $663,300. The benchmark value for the same home in March 2017 has increased by 19.1 per cent to $790,100.
Inventory levels edged lower, with 1,556 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of March 2017, 40.6 per cent fewer than the 2,618 active listings for sale at the end of March 2016.

"The public and REALTORS® are getting used to the new tempo of the market - with the ongoing historically low inventory levels and high consumer demand - both parties need to be tenacious and have quick reflexes. Sellers need to ensure they have assistance from an experienced local Realtor to help understand current demand and pricing. Even in this market, properties can sit unsold for months without selling because of an inappropriate price," adds President Balabanian. "We do think we will see a more balanced market in the future as more inventory becomes available. Traditionally, people prefer to list their home when gardens and outdoor areas can be shown to their best advantage. Hopefully, as our warmer weather arrives we will see more listings added into the market to offer more choice for buyers."

The graphic below shows market price activity in Greater Victoria the past year
If you are considering buying or selling anywhere on the South Island, call Lorne Tuplin today 250-217-4600!

Thursday, March 16, 2017

New One Level Townhouse Listing #73-850 

SOLD  Parklands Dr  $459,900 SOLD

Front
Living Room
 Living Room
Kitchen
Kitchen
Dinette
 
Master Bedroom 
Yard 
 Patio

Parklane Mews! A quiet townhouse complex tucked away off Parklands Drive, minutes from Admiral's Walk and downtown Esquimalt. This is a sundrenched end unit with South & West Walls of windows & private, sunny back yard. Approx. 1300 sq. ft. with an open floor plan for the living room, dining room and kitchen, cozy gas fireplace, 2 good bedrooms, full ensuite bath, breakfast area and surprise den or office, newer high end laminate floors, 9'ceilings, crown moldings - all in great condition! You'll enjoy the quiet park like surroundings with well maintained lawns, flowerbeds, trees and your own private garden to putter in. To view, call Lorne today at 250-217-4600