Wednesday, August 25, 2010

Recent Visit to a fellow Westshore Chamber of Commerce Member
Cycle Inn B&B
3158 Anders Road, backing onto Glen Lake
The Deck
Enjoying the Deck!

The View (Can you see the rope swing?)

Joanne Cowan is the hostess at Cycle Inn. She has many fond memories
of recent visits to her B&B and invites you to add to those memories!
The B&B is located right on the Galloping Goose trail so it is a great place
to arrive at when you are finished riding and want to relax!  Yes there is a
lakeside hot tub! Call Joanne at 1-877-829-2531 or send her an e-mail
Rates are very reasonable!

Monday, August 16, 2010

New Executive 1 bedroom + den condo
Fantastic Location!
Reduced to $459,900
Large, bright living room with views to courtyard
Fantastic kitchen, stainless appliances, Quartz slab counters
Ample master bedroom with awesome on suite
Den also works as guest bedroom
Views from Living room , den, Master bedroom & deck
A Great Opportunity in the Chelsea, One of Victoria's Finest Boutique Style Condo Developments. The Chelsea was built in 2008 by Concert Properties, Renown in Victoria for Quality, Sustainability, and Community Enrichment. It is Located Just a 5 Minute Walk from Downtown and the Cook Street Village, but in a Quiet Residential Neighbourhood Full of Character and Charm. The Unit itself is Uniquely Located in the Building with a Westerly View over the English Style Courtyard. Concert finished this building with Quartz Slab Counters, Oak Cabinets and Floors, High end Stainless Steel Appliances and Attention to the Fine Details. The Chelsea Has an On Site Caretaker and 8 Years of Warranty Remain. Call Lorne Tuplin, RE/MAX Camosun 250-217-4600 to view or out of town call 1-877-478-9600.

July Property Sales Return to Historically Average Level
Property sales throughout the Greater Victoria area in July returned to the kind of normal level seen in the late 1990s while overall prices declined slightly compared to June. A total of 527 homes and other properties sold in July through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), down from the 625 sales in June. There were 933 sales in July of last year.

Victoria Real Estate Board Presiden, Randi Masters, noted that in the summer months a decade ago there were typically between 450 and 550 sales each month. "Last month’s sales reflect a return to these historically average levels compared to the significantly higher levels seen between 2001 and 2007 when we had a very active market." Masters added that sales activity is expected to pick up again next year as we return to a more balanced market over the coming months.

The number of properties available for sale last month declined to 4,477 but this was still 23 per cent higher compared to the 3,632 available properties in July of last year.

Masters noted that the steadily rising number of properties available for sale in recent months offers buyers a wide choice from which to choose. "Buyers are in less of a hurry given the higher number of properties available for sale and it’s important for sellers to consult with their REALTOR® in order to price their home realistically in order to attract qualified buyers," she added.

The average price for single-family homes sold in Greater Victoria last month was $615,004 down from $649,280 in June. The median price showed little change at $560,000. The six-month average declined slightly to $632,283. There were 16 sales of over $1 million including one on the Gulf Islands. The overall average price for condominiums was $322,905 last month, down from $331,131 in June. The average for the last six months was $326,592. The median price for condominiums in July declined slightly to $289,900. The average price of all townhomes sold last month was $420,578 down from $429,549 in June. The median price declined to $388,000. The six month average was $444,228.

MLS® sales last month included 299 single family homes, 136 condominiums, 44 townhomes and 18 manufactured homes.