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Monday, February 21, 2011
Thursday, February 03, 2011
January Real Estate Sales and Prices Steady
February 1, 2011
The number of property sales throughout Greater Victoria showed little movement in January while overall prices remained stable. A total of 339 homes and other properties sold in January through the Victoria Real Estate Board’s Multiple listing Service® (MLS®), down slightly from the 349 sales in December. There were 418 sales in January of last year.
Victoria Real Estate Board President, Dennis Fimrite, noted that January’s figures reflect the continuation of the return to a stable and balanced market that began last year, "Historically, the winter months are usually a slower time for real estate sales and we anticipate market activity will pick up as we head toward spring." Fimrite noted that inventory levels showed little change in January. "There were 3,283 properties available for sale at the end of January - a slight increase compared to the 3,252 properties available at the end of December," he added.
The average price for single-family homes sold in Greater Victoria last month was $603,401 down from $647,063 in December. The median price, however, rose slightly to $576,000. The six-month average was virtually unchanged at $619,875. There were 12 single family home sales of over $1 million in January including one on the Gulf Islands. The overall average price for condominiums was $323,002 last month, up from $301,671 in December. The average for the last six months was virtually unchanged at $320,108. The median price for condominiums in January rose to $293,000. The average price of all townhomes sold last month rose to $447,792 from $434,783 in December. The median price also rose slightly to $418,050 while the six month average rose to $435,749.
MLS® sales last month included 178 single family homes, 90 condominiums, 39 townhomes and 11 manufactured homes.
Summary Report and Graphs
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415-999 Burdett Ave $489,900
985 Sq Foot 1 bedroom PLUS Den Condo
985 Sq Foot 1 bedroom PLUS Den Condo
Kitchen with stainless steel appliances & soft-close drawers
Spacious living room with view to courtyard
Huge master bedroom with full ensuite
Large back courtyard with stream & benches
Immaculate well priced unit in the Chelsea, One of Victoria's highest quality Condo Developments. The Chelsea was built in 2008 by Concert Properties, a well known builder of high end condos. It is Located Just a 5 Minute Walk from Downtown and the Cook Street Village, but in a Quiet Residential Neighborhood 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 7 Years of Warranty Remain. *note* Second Bedroom is a Den. Call Lorne Tuplin to view at 250-217-4600 or toll free at 1-877-478-9600
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