SOLD Oak Bay Top Floor Corner Unit SOLD

Steel & Concrete Building $309,900

Fantastic bright top floor corner unit with lots of windows & wrap around deck in the Lord Shaughnessy, a steel & concrete building. Close to shopping, schools & Willows Beach and on a bus line. Kitchen has been updated and has lots of roll-outs. Building has guest suite, storage unit and condo fee on this unit includes a second parking spot in the underground secure parking area (rented). Wrap around decks for lots of access to sunny days! Call Lorne Tuplin to View at RE/MAX 250-217-4600

SOLD NEW LISTING - Walk to downtown SOLD

Only $139,777!!!

Do you have a student going to UVIC this fall who wants to be on their own? Why not invest in this super affordable, clean & bright 1 bedroom condo? Located close to downtown, not on ground floor, heat & hot water included in the low monthly fee... can it get much better?

Call Lorne Tuplin today at 250-217-4600 or Toll Free at 877-478-9600. More photos at http://www.lornetuplin.com/

Victoria Housing Market Gains Strength

The Greater Victoria area housing market gained additional strength last month with a significant increase in sales along with firm prices. A total of 879 homes and other properties sold in May through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), up 17 per cent from the 747 sales in April and up 14 per cent compared to the 770 sales in May of last year. Prices for single family homes and condominiums were up slightly while townhome prices showed little change.

Victoria Real Estate Board President, Chris Markham, says there is every indication the rebound in the market will continue in the months ahead, "Sales were significantly higher last month than a year ago and prices appear to be strengthening in key sectors." Markham noted that the number of properties available for sale dropped last month. In addition, continuing attractive interest rates and growing consumer confidence are helping to fuel activity which is particularly strong in the mid-price range. "Over half of the single family homes sold last month were priced between $400,000 and $600,000." There were 33 sales of single family homes over $1 million including six on the Gulf Islands. There were 3,789 properties available for sale at the end of May, down 13 per cent from the 4,332 properties available in the same month a year ago.

The average price for single family homes sold in Greater Victoria last month was $573,442, up from $550,736 in April. The median price also rose to $525,000. The six-month average was $550,756. The overall average price for condominiums was $306,971 last month, up from $292,252 in April. The average for the last six months was $292,766. The median price for condominiums rose in May to $279,500. The average price of all townhomes sold last month was $400,788, virtually unchanged from $400,695 in April. The median price dropped slightly to $375,000. The six month average was $397,224.

MLS® sales last month included 514 single family homes, 223 condominiums, 88 townhomes and eight manufactured homes.