Wednesday, May 16, 2012

SOLD! Affordable 2 bedroom + Den Townhouse SOLD!
REDUCED TO $299,900
C-517 Dalton St
Kitchen
Living Room
Dining Room
Master Bedroom
Balcony off Master 
Terrific location steps to the oceanfront and minutes to town along waterfront Westsong walkway, bus or bike. Perfect starter/investor home.This small 5 unit complex has substantial interior upgrades, ample parking and no restrictions on pets, kids or rentals. Built in 1976 on two levels with an attractive open main floor layout, living/dining areas with laminate flooring, patio and yard out, recently painted throughout, newer appliances included, flooring redone, main floor laundry. Huge master with deck and second bedroom plus storage/den up and full bath. Don't be put off by the exterior, this is a gem inside!!  To view please call Lorne Tuplin 250-217-4600


Wednesday, May 02, 2012


Flat market in April 2012 maintains balanced real estate market in Greater Victoria 

Pricing and sales numbers for most categories are essentially the same as in March 2012, spelling out a balanced real estate market for Greater Victoria. "That's good news for both buyers and sellers," says Carol Crabb, President of the Victoria Real Estate Board. 


"The one category with increased sales is condominiums with 19% increase. New developments came on-stream in View Royal and Langford, resulting in a higher sales volume." 

The average price for single family homes sold in Greater Victoria last month was $609,376, down from $640,553 in March which was slightly elevated by two sales over $4 million. The median price, however, rose to $560,000.


Cameron Muir, Chief Economist of the British Columbia Real Estate Association, expects modest growth in the economy, combined with a strong Canadian dollar will keep the Bank of Canada from raising its trend-setting interest rate until 2013.

"Homebuyers have time to research their purchases without pressure by working with home inspectors, mortgage professionals and REALTORS®," Crabb says.Total MLS® sales for April 2012 were 586, with 565 of those residential, compared to 574 and 540 respectively for the same period in 2011. Overall, current sales are on trend with the average 10-15 year cycle. Active listings were 4,638 for April 2012.

Total waterfront Single Family Dwellings sold: 13, down 1 sale over April 2011
Total non-waterfront Single Family Dwellings sold: 316, down 9 sales over April 2011
Single Family Dwellings sold over $1 million: 18 (3 over $2 million)