All information in this site is deemed reliable but is not guaranteed and is subject to change
Monday, July 06, 2015
Friday, July 03, 2015
Victoria Real Estate Market Remains Hot as Spring Trend Continues into Summer
The Victoria Real Estate Board today released its report on Multiple Listing Service® real estate activity in the
area for June 2015. A total of 910 properties sold in the Victoria Real Estate
Board region this June, a 33.8% increase compared to the 680 properties sold in
the same month last year. Victoria
market has had
another big month - and we continue to see consistent year over year sales
growth," Victoria Real
Estate Board President Guy Crozier says. "What's going on? Positive market
conditions such as the low interest rate along with the diverse mix of
properties and price points available have likely helped support this increase
in interest in local real estate. The activity in the market may also in part
be due to pent up demand from the past six or seven years. The market cooled
off around 2008, and with the Victoria
markets improving and our local economy showing strength, consumer confidence
is improving. Those that may have been hesitant to move over the last few years
are making a change now." US
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core this time last year was $568,600. The benchmark value for the same home this month has increased by 4.61% to $594,800.
There were 4,003 active listings for sale on the Multiple Listing Service® at the end of June, 14.7% fewer than the 4,695 active listings in June 2014.
"We saw 48 single family homes sell for over one million dollars this month, and we saw 74 single family homes sell for under $400,000," adds President Crozier. "There's also a lot of selection in our condo market, with new development in the Victoria Core and in the
helping to meet demand, and maintain solid pricing. West Shore
Posted by Lorne Tuplin at 3:01 PM
Thursday, June 25, 2015
Wednesday, May 13, 2015
Victoria Real Estate Market Activity Continues to Exceed Expectations
The Victoria Real Estate Board today released its report on real estate activity in the Victoria area for April 2015. A total of 840 properties sold in the Victoria region this April, a 26.5% increase compared to the 664 properties sold in the same month last year.
"We've seen modest sales increases in the area for the past two years, which we've attributed to a growing consumer confidence in the market," Victoria Real Estate Board President Guy Crozier says. "The past three months have been exceptional, and I think have surprised most people watching the market; I certainly haven't seen forecasts even close to the numbers we see today. It's possible that consumers who were hesitant to make a move or purchase their first house during the recent economic downturn may have waited to see conditions like we see now - the favourable interest rates, good selection of prices and properties, and increased confidence in the local economy."
There were 3,945 active listings for sale on the Multiple Listing Service® at the end of April, 10.4% fewer than the 4,404 active listings in April 2014.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core this time last year was $562,000. The benchmark value for the same home this month has increased by 3.5% to $581,700.
"The last time we saw this many transactions in an April was in 2007 when we saw 898 sales," President Crozier adds. "The market is good, but prices aren't crazy - despite the activity levels, values in our local market are still recovering from the peaks we saw in 2008 and 2010. Depending on the area, single family property values are as much as nine percent below the 2010 values. It is a great time to buy or sell property in our area."
Posted by Lorne Tuplin at 3:59 PM
Monday, April 13, 2015
SOLD 2 Story For Sale in the Glen Lake Area SOLD
2763 Ronald Road
Home with suite
• 2,316 sq. ft., 3 bath, 4 bdrm 2 story strata duplex - $439,900 - Priced for Quick SaleGlen Lake, Langford - Great family home with many recent high quality renovations. Superb kitchen with soft close doors & drawers, granite counter tops, heavy gauge stainless under hung sinks, top of the line Kitchen Aid appliances, new lighting & heated ceramic floor. Spacious living room with garden doors to huge deck with new glass & cedar rails & torch on vinyl surface. Master has en suite bath & walk-in closet and the other two bedrooms are a good size. Down you will find a den, shared laundry & large one bedroom suite. Newer furnace, water heater, roof. Electrical recently upgraded to 200 amp. Insulated garage door with opener.
Newer kitchen with granite tops
Living Room with fireplace & French doors to deck
Dining room off Kitchen
Huge deck off Living Room
Spacious Master Bedroom with walk-in closet & en suite bath
Call Lorne to view at 250-217-4600. RE/MAX Camosun
Posted by Lorne Tuplin at 9:53 AM