Monday, December 01, 2014


Steady Real Estate Market Continues in Victoria as 2014 Sales Surpass 2013 Numbers

December 1, 2014, Victoria BC - The Victoria Real Estate Board today released its report on real estate activity in the Victoria area for November 2014.

465 properties sold in the Victoria region this November, an increase of 12.9% when compared to the 412 properties sold in November last year.

"This year has been great for Victoria real estate, we've seen a friendly market for buyers and sellers thanks to steady pricing and low mortgage rates," Victoria Real Estate Board President Tim Ayres says. "By early last month sales in the Victoria area met the number of total sales we saw for the entire year of 2013, and now we are 5.18% over last year's sales with another month to go before year end."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core this time last year was $482,300. This month the benchmark value increased 1.4% to $489,000.

Another statistic to watch is the number of active and new listings. 682 properties were listed this November, and the total number of properties listed for sale including those newly listed was 3,631. That's 9.6% fewer properties for sale than November last year.
Graph - Price change for 2014


Graph: Prices for Homes, Townhouses & Condos for 
Greater Victoria so far 2014

Thursday, November 06, 2014

Strong Victoria Real Estate Market Again in October

The Victoria Real Estate Board today released its report on real estate activity in the Victoria area for October 2014.
 
602 properties sold in the Victoria region this October, an increase of 17.6% when compared to the 512 properties sold in the same month last year.
 
"Here we are again, a month in 2014 ending with more sales than in 2013," Victoria Real Estate Board President Tim Ayres says. "This year has been a solid year for local real estate - indeed we are only 154 transactions away from meeting the total number of sales from 2013 - and there are two more months left in the year!"
 
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core this time last year was $547,800. This month the benchmark value increased to $553,900.
 
"All year we've seen a decrease in the number of active listings and increase in sales compared to 2013 numbers," adds President Ayres. "Last year at the end of October we saw 4,322 active listings, and this year we see 3,927 active listings, that's a 9.1% change."
 
STATS
 

Tuesday, October 07, 2014

October 1, 2014  Strong Sales and Stable Market Conditions Continue Through September

The Victoria Real Estate Board today released its report on real estate activity in the Victoria area for September 2014.
565 properties sold in the region this September - an increase of 16% compared to the 487 properties sold in the same month last year. The quarter ending in September shows a 15% increase in the number of sales overall compared to the same quarter in 2013.
"Once again we see more houses sold this month than last September," Victoria Real Estate Board President Tim Ayres says. "We haven't seen sales like this in September since 2009. The balanced market conditions we've seen over the last seven months mean property prices are stable, so it might be more comfortable for buyers and sellers to make a move because they know that property values are predictable."
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core this time last year was $550,900. This month the benchmark value increased to $556,200.
"There are some districts in the Victoria area that have seen an increase in their benchmark values, and others that are relatively flat compared to last year," adds President Ayres. "Since there is this difference within the local market, it's important to connect with your local REALTOR® to get an understanding of the market as it relates to your specific neighbourhood."
STATS Graph

Thursday, September 04, 2014

Rental/Holding Property in Colwood  649,900.00
Main Photo
Bedrooms: 3
Bathrooms: 3
Parking Spaces: 5
Year Built: 1980
Subdivision: Colwood
Lot Size: 1.45 Acres
Garage Size: Double Attached
School District: 62
Square Footage: 2000
Agent Name: Lorne Tuplin
Broker: RE/MAX Camosun
MLS #: 341917
Price: CAD 649,900.00
Flexibility: Firm
544 Windthrop Rd
Victoria, BC V9C 3B5
  • Range/Oven
  • Full Refrigerator
  • Washer/Dryer
  • Dishwasher
  • Fireplace
  • Kitchen Island
  • Vaulted Ceilings
  • Basement
  • Grass Lawn
  • Secluded setting
  • Tool Shed
Great 1.45 well treed acres with 80's home in need of a lot of cosmetic work! Would make an excellent rental until sewers arrive. Photos make it look pretty good but it really needs a total update & floor coverings. 4th lot of Wishart Rd. There is a well on the property and a large holding tank, but is hooked up to City water.

Lorne Tuplin - RE/MAX Camosun
250-217-4600
37 years as a sales associate focused on First Class Service
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Thursday, August 07, 2014

Surprising Summer Sales for Victoria and Area Real Estate

August 1, 2014, The Victoria Real Estate Board today released its monthly report on real estate activity in the Victoria area for July 2014.
681 properties sold in the region in the month of July 2014, compared to 583 last year in July - an increase of nearly 17%. June 2014 saw 680 sales.
When compared with year-to-date sales in 2013, 2014 shows a 10% increase.
"I think the activity in July has surprised a few people," Victoria Real Estate Board President Tim Ayres says. "Traditionally the summer market is slower than the spring, but numbers are tracking closely to March and April sales this year. Last year sales in July were 12% lower than in June - and June was the peak of the market in 2013. This year we see slightly more sales in July than in June. This is the first year since 2003 that July numbers have beaten June."
The MLS® Home Price Index (HPI) benchmark value for a single family home in the Victoria Core area in July was $562,000 - 2% higher than last year’s average value for the same home - $550,900.