Thursday, May 22, 2008

SOLD New Listing - Quiet Colwood Location SOLD
Bright, spacious family home on large lot with mature garden. This home is close to schools & Royal Roads University. Recent upgrades include an almost total main floor make-over. Good H/W floors, rear deck, newer roof, Septic redone in 2007, new vinyl windows, Family room in basement in newly drywalled, primed and will have sub-floor. Easy to finish. Entry priced home on large lot... don't delay! Call Lorne today at 250-217-4600 or toll free at 1-877-478-9600










Thursday, May 08, 2008

Real Estate Sales Moderate - Prices Remain Stable May 1, 2008

Sales of homes and other properties in the Victoria area moderated in April with a total of 768 sales through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), up from 707 sales in March but down from the 898 sales in the same month a year ago. Overall prices remain steady but 28 sales of over $1 million, including two sales in Oak Bay of over $2 million, pushed the average price of single family homes to a new record high.

Victoria Real Estate Board President, Tony Joe, notes that the number of properties available for sale continues to increase. "In April, there were 3,859 properties available for sale - a 17 per cent increase over the 3,305 properties on the market in April of 2007. This increase in inventory coupled with a moderation in the number of sales offers further indication of a more balanced market that offers stability for both buyers and sellers."

Joe added that despite the record high average price for single family homes, overall prices remained steady last month. "The relatively large number of high-priced sales had a substantial impact on the average price of single family homes in Greater Victoria, pushing this figure to a new record high of $630,295 but it is important to note that the median or mid-range price was substantially lower at $558,000." Joe noted that nearly 28% of single family homes last month sold for under $475,000.

The average price of all condominiums sold in April was $325,975; the average for the last six months was $328,915. The median was again lower at $294,900. The average price of all townhomes sold last month was $420,658; the six month average was $440,364. The median price was $407,450.

MLS® sales last month included 395 single family homes, 235 condominiums, 80 townhomes and 20 manufactured homes.

Summary Report and Graphs
Monthly Sales Summary
SOLD Reduced to $359,900 for quick sale! SOLD
First Time Buyer Listing


Here is an ideal starter home with lots of character - fir floors, wide casings etc, all appliances which are less than 5 years old, large eat-in kitchen plus formal dining room which could easily be a den. Upstairs features 2 large bedrooms, full bath plus stacker laundry. There is a full basement with loads of storage. Oil tank in basement is less than 5 yrs old. Secure fenced sunny yard. Access from Emerson behind property!

Call Lorne Tuplin today for your personal showing of this fine home! Local Victoria 217-4600 Toll Free 1-877-478-9600