Wednesday, October 20, 2010

SOLD Affordable Victoria Condo SOLD
$249,900


 Affordable, 1 bedroom condo in the Springridge Building. Enjoy the luxuries of Downtown Living. Just a short walk to your favourite coffee shops in the Cook St. Village, or all off of the shops, restaurants and nightlife Victoria has to offer. Most of this Condo's 750 sq. ft has been recently updated, giving the bright space a modern feel. Large patio doors lead from the living area to the sun drenched south facing patio. This unit comes with a Secure Underground Parking Spot, Insuite Laundry, and a separate storage locker. Building fully remediated in 2002. To View, please call Lorne at 250-217-4600

Tuesday, October 05, 2010

Real Estate Market Sales Slow in September Prices Remain Mixed


The number of property sales throughout Greater Victoria slowed further in September while prices showed some variability, depending on the property type.

A total of 395 homes and other properties sold in September through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), down from the 425 sales in August. There were 776 sales in September of last year.

Victoria Real Estate Board President, Randi Masters, noted that most activity took place toward the end of the month: "The month began very slowly but we saw a significant increase in sales during the second and third weeks. While September’s sales were well below traditional levels for the month, it is important to bear in mind that a comparison to September of last year can be somewhat misleading given the exceptional year we had in 2009." Masters added that prices were mixed last month, with some indicators showing an increase and others a decrease. "Overall average and median prices can fluctuate month-to-month depending on the prices of properties sold, so it is always important to view changes over a period of several months time in determining what trends are developing," added Masters.

The average price for single-family homes sold in Greater Victoria last month was $599,825 up from $586,676 in August. The median price, however, declined to $531,000. The six-month average also declined slightly to $624,702. There were eleven single family home sales of over $1 million in September compared to eight such sales the previous month. The overall average price for condominiums was $295,463 last month, down from $320,874 in August. The average for the last six months was $325,010. The median price for condominiums in September rose to $290,000. The average price of all townhomes sold last month rose to $439,040 from $432,284 in August. The median price rose to $425,633. The six month average was $435,074.

The number of properties available for sale at the end of last month declined slightly to 4,323 but this was still 26 per cent higher compared to the 3,419 available properties in September of last year.

MLS® sales last month included 228 single family homes, 100 condominiums, 36 townhomes and 13 manufactured homes.
SOLD On The Gorge Waterway! SOLD
1085 sq feet $269,900


Forth floor corner unit with newer paint, all appliances are included. Deck is enclosed & finished & provides an extra 78 sq feet of living space. Other features include crown mouldings, view of gorge from deck, washer, dryer & dishwasher are only 2 years old, walk-in closet off master bedroom. Amenities include indoor pool, hot tub, sauna, tennis courts & meeting room. Great unit at a great price. Easy to show. Ask Listing agent about included furniture items. Call Lorne Tuplin to view 250-217-4600 RE/MAX Camosun