SOLD 1301 Ryan Street Victoria V8T 4Y8 : Oaklands

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SOLD  $435,000

Prop. Type:

Residential

MLS® Num:

SOLD

Status:

Active

Bedrooms:

3

Bathrooms:

2

Year Built:

1980

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Exclusive Listing. Nestled in a Park Like setting is this 3 bedroorm 2 bath Oaklands home. Located at the end of a cul-de-sac & backing on to Mt. Stephens Park truly provides the best of both worlds. This centrally located home is steps to all amenities, schools, shopping, hospital & BC Transit which creates easy access to Town, Camosun College & Uvic. Cozy fireplace, laundry, 1 car garage, 2pce bathroom, patio & upper level offers 4pce bathroom, 3 spacious bedrooms & master offers walk in closet, with bonus 230 sqft private balcony with amazing views. Updates include a unit in like new condition incl new kitchen, baths, flooring, light fixtures, exterior paint, interior paint, newer roof, vinyl windows & low flush toilets. Like coming into a new home!

Listing Info:

Price:

$435,000

Dwelling Type:

Strata Duplex Unit

Property Type:

Residential

Home Style:

Half Duplex Side/Side

MLS® Num:

331819

Bedrooms:

3

Status:

Active

Bathrooms:

2.0

Year Built:

1980

Floor Area:

1,313 sq. ft.

Lot Size:

0.062 acre(s)

Listed by LORNE TUPLIN of RE/MAX CAMOSUN WESTSHORE

Listing information last updated on 9-Dec-2013 3:10 AM

LORNE TUPLIN RE/MAX CAMOSUN WESTSHORE Tel:1 (250) 217-4600 ltuplin@houseseek.com

Victoria Real Estate Sales Moderate in November; Overall Prices Remain Flat

Victoria Real Estate Sales Moderate in November;
Overall Prices Remain Flat

Greater Victoria real estate sales moderated in November following a brisk June-to-October market. According to the Victoria Real Estate Board (VREB) MLS® System, 412 properties sold compared to 366 in November 2012, an increase of 12.6 per cent.

"We saw market activity slow down after a very busy five months," says Shelley Mann, VREB President. "While sales were higher than in November 2012, fewer sales than previous months indicate a pull back in consumer demand."
 

Flat employment and weak economic growth are likely contributors to a moderating market. Mann also notes that active listings continued to decline, with 4,017 at the end November compared to 4,488 in November 2012. December and January are typically the slowest months for real estate sales.
 

For November 2013, the MLS® HPI benchmark price for the Greater Victoria single family benchmark home was $482,300 and its corresponding index value was 136.5. (This represents a 36.5 per cent increase since January 2005, when the index was 100). This benchmark price decreased 0.72 per cent over the past month and decreased 3.11 per cent over the last year.
 

At the regional level, the benchmark price for the single family benchmark home in the Core municipalities was $548,600, an increase of 0.14 per cent over the previous month and a 1.65 per cent decrease over November 2012. In Westshore, the benchmark price for the single family benchmark home was $403,600, a decrease of 1.70 per cent over October 2013 and 5.94 per cent decrease over November 2012. The benchmark price for the single family benchmark home on the Peninsula was $508,000 for November, a decrease of 0.04 per cent over the previous month and a 2.57 per cent decrease year-over-year.

There was a total of 216 single family homes sold in November, an increase of 6.9 per cent over November 2012. November also saw the reporting of 99 condominium sales and 49 townhouse sales in Greater Victoria. Benchmark prices for the Greater Victoria condominium benchmark home and for the Greater Victoria townhouse benchmark home for November were $280,600 and $389,000 respectively.
 

Total Waterfront Single Family Dwellings sold: 9, up 3 over November 2012
Total Non-waterfront Single Family Dwellings sold: 207, up 11 over November 2012
Single Family Dwellings sold over $1 million: 7 (1 over $2 million)

STRONG OCTOBER KICKS OFF FOURTH QUARTER REAL ESTATE SALES IN GR. VICTORIA

Greater Victoria continued to experience strong home sales during the month of October,reports the Victoria Real Estate Board (VREB). According to the Board’s MLS® System, 512 properties sold compared to 373 in October 2012, an increase of 37.27 per cent. There were 4,322 active listings.

“While we are all very pleased with the October results, we are tempering our enthusiasm,” says Shelley Mann, Board President. “After a slow market for the last half of 2012, we are still climbing back to previous annual sales numbers.”

Today, the VREB and joins the Canadian Real Estate Association and ten major real estate markets in Canada by adopting a new approach to the reporting of trends in residential property prices. Instead of relying on average and median sale prices which are subject to fluctuation, the Board moved to a new system called the MLS® Home Price Index (MLS® HPI). The methodology used by MLS® HPI has been endorsed by Statistics Canada, Canada Mortgage and Housing Corporation, the Bank of Canada, Finance Canada and Central 1 Credit Union.

At the heart of the MLS® HPI is the concept of the "benchmark" home, a notional home comprising the most common attributes of typical homes in a given area. Through the analysis of ten years of VREB MLS® sales data, MLS® HPI has defined benchmark homes for Greater Victoria as a whole as well as for each of our regions, districts and neighbourhoods. In each of these areas, MLS® HPI has defined a benchmark home for each category: single family homes, townhouses and condo apartments. Each month, VREB MLS® sales data will be fed into the MLS® HPI to calculate and track changes in the prices of our benchmark homes.

Benchmark prices are generally lower than corresponding medians and averages. MLS® HPI estimates the values of our typical homes, whereas medians and averages merely reflect the overall selling prices of the particular mix of homes that sold in a given month.

In a manner similar to the Consumer Price Index (CPI), MLS® HPI maintains a running index of the percentage change in benchmark prices. Like the CPI, the MLS® HPI assigns an index value of 100 to the benchmark prices at its starting point: January 2005. By tracking both benchmark prices and index values each month, MLS® HPI will provide a much clearer picture of real estate market trends in Greater Victoria.

“Past reporting of averages and medians showed flat pricing across the Board’s trading area but MLS® HPI indicates a moderate decline in prices in many markets over the last year,” Mann says. “Benchmark prices are flat month-over-month, and we will be watching very carefully to see where pricing goes.

“With average and median prices, it was often difficult to gauge whether prices of typical homes were rising or falling, but the HPI provides us with exactly this type of information,” she says.

For October 2013, the benchmark price for the Greater Victoria single family benchmark home was $485,400 and its corresponding MLS® HPI index value was 137.2. (This represents a 37.2 per cent increase since January 2005, when the index was 100). This benchmark price increased 0.15 per cent over the past month and decreased 3.18 per cent over the last year.

At the regional level, the benchmark price for the single family benchmark home in the Core municipalities was $547,800, a decrease of 0.56 per cent over the previous month and a 2.66 per cent decrease over October 2012. In Westshore, the benchmark price for the single family benchmark home was $410,600, a decrease of 0.37 per cent over September 2013 and 4.37 per cent decrease over October 2012. The benchmark price for the single family benchmark home on the Peninsula was $508,700 for September, an increase of 1.22 per cent over the previous month and a 3.56 per cent decrease year-over-year. 

There were a total of 274 single family homes sold in September, an increase of 29 per cent over September 2012. September also saw the reporting of 126 condominium sales and 51 townhouse sales in Greater Victoria. Benchmark prices for the Greater Victoria condominium benchmark home and for the Greater Victoria townhouse benchmark home for September $283,100 and $393,100 respectively. 

Total Waterfront Single Family Dwellings sold: 17, up 2 over October 2012
Total Non-waterfront Single Family Dwellings sold: 257, up 62 over October 2012
Single Family Dwellings sold over $1 million: 16 (1 over $2 million)

HOME SALES BOLSTERED BY PROPER PRICING IN GREATER VICTORIA

Finishing up the strongest third quarter since 2009, the Victoria Real Estate Board reports that properly priced homes are selling which, along with reduced inventory levels, contributed to favourable market conditions. Q3 sales totalled 1,610, a year-over-year increase of nearly 15 per cent.

On a monthly scale, total real estate sales in Greater Victoria were up 16 per cent in September 2013 over September 2012. A total of 487 properties sold last month, finishing off a strong third quarter. Residential sales increased by 15 per cent year-over-year, while active listings decreased by 9.5 per cent year-over-year to 4,547.

“Last year at this time, sales volumes were being undermined by the amortization changes,” says Shelley Mann, Board President. “This year is following a more historic pattern. Properly priced homes are selling and as a result consumers are responding.”

Mann adds that while sales increased over the last four months, prices remained flat. “We don’t expect any significant price increases in the near future,” she says. “Our provincial economist noted that while unit sales are recovering, the weak economy bears watching.”

There were 279 single family homes sold in September, an increase of 29 per cent over September 2012, while the median price of $523,900 is up just over one per cent year over year from $517,500. There were 105 condominium sales with a median price of $271,500 and 60 townhomes sold at a median price of $352,750.

Total Waterfront Single Family Dwellings sold 19, up 1 over September 2012

Total Non-waterfront Single Family Dwellings sold: 260, up 62 over September 2012

Single Family Dwellings sold over $1 million: 12 (1 over $4 million)

SOLD 1635 Spilsbury Place  SOLD

Close to UVIC
Listed at 599,900

Living Room

Dining Room

Kitchen

Main Floor Family Room

Yard

Back View

Rare Mt Tolmie home completely renovated with very large family room on main leading to private deck. Beautiful oak hardwood floors, new windows, Updated kitchen with stainless appliances, roof redone in 2008. Hunter Douglas Silhouette window coverings. Three good sized bedrooms on main, designer bathroom with heated stone floor. Downstairs you will find a suite with lovely kitchen and newer bathroom. Walk to everything from this quiet cul-de-sac. Close to UVIC as well as Victoria's best schools. Tough to find a home renovated to this standard in such a desirable location at this price. Nothing to do but move in and enjoy the lifestyle this home has to offer. To view please call Lorne Tuplin at RE/MAX Camosun 250-217-4600

Strong Sales Activity Continues in Greater Victoria Real Estate Market 

Total real estate sales in Greater Victoria were up 11.5% in July 2013 over July 2012, the Victoria Real Estate Board reports. "Sales numbers are slightly lower than in June, but that’s part of our normal summer market cycle. When seasonally adjusted, our market activity remains strong for this time of year," says Shelley Mann, Board President.

 "Despite the brisk activity, we continue to see housing prices remain flat," Mann says. "With fewer properties listed at the end of July, we are still narrowly into a balanced market."

With 583 sales in July and 4,772 active listings on the MLS® System at month end, the sales-to-active-listings ratio is 15%. Generally, analysts define a balanced market as when the ratio is between 15 and 20%. There were 345 single family homes sold in July, an increase of 17.7% over July 2012, while the median price of $521,000 is down 1.7% year over year from $530,000.

There were 127 condominium sales with a median price of $265,000 and 70 townhomes sold at a median price of $360,750.

"We are also seeing multiple offers on some properties," Mann says, "although these offers are not always over the asking price, illustrating the importance of consulting a REALTOR® to gain individual neighbourhood insight."

Total Waterfront Single Family Dwellings sold: 18, up four over July 2012 

Total Non-waterfront Single Family Dwellings sold: 327, up 48 over July 2012 

Single Family Dwellings sold over $1 million: 19 (2 over $2 million) 

Summary Report and Graphs

Monthly Sales Summary
Average Selling Price Graphs
Active Listings, New Listings and Sales Graphs

Water Front Gorgeous Panoramic Views! -  SOLD 279,900.00 SOLD Bedrooms: 2 Bathrooms: 2 Parking Spaces: 1 Year Built: 1980 Subdivision: Gorge Located on Floor #: 2 Floors in Bldg: 5 Square Footage: 1005 Agent Name: Lorne Tuplin Broker: RE/MAX Camosun MLS #: 326001 Price: 279,900 Price: CAD 279,900.00 Homeowner Dues: 256 71 Gorge Rd W #203 Victoria, BC V9A 1L9 View Map View More Photos Web Site Range/Oven Full Refrigerator Washer/Dryer Dishwasher Fireplace Swimming Pool Guest Parking Recreation Center These rare end units totally away from traffic and perched right on the gorge waterway do not come up often! This well appointed 2 bedroom 2 bath unit shows well and has newer carpet, updated kitchen with newer fridge & stove, Laundry area with stacker units, Updated counters & sink, neutral paint scheme and best of all, VERY close to the gorge waterway. Watch kayakers, dragon boats, harbour ferries & nature on this amazing tidal waterway! Complex has indoor pool & spa, sauna & tennis courts. This one is priced to sell and is easy to show. Furnishings negotiable. Lorne Tuplin - RE/MAX Camosun 250-217-4600 36 years as a sales associate focused on First Class Service Powered by vFlyer.com Equal Housing Opportunity VFLYER ID: 239802004

All information in this site is deemed reliable but is not guaranteed and is subject to change

Gorgeous Lake Front Setting in Highlands

Gorgeous Lake Front Setting in Highlands   799,900 Bedrooms: 4 Bathrooms: 2 Parking Spaces: 6 Year Built: 1982 Subdivision: Eastern Highlands Lot Size: .43 Acres Garage Size: 21.5 x 17 Square Footage: 2710 Agent Name: Lorne Tuplin Broker: RE/MAX Camosun MLS #: 325783 Price: CAD 799,900 5186 Fork Lake Road Victoria, BC V9E 1G8 View Map View More Photos Web Page Range/Oven Full Refrigerator Washer/Dryer Dishwasher Central Vacuum Fireplace Hardwood Floors Basement Patio Hot Tub Grass Lawn Secluded setting Tool Shed As you drive onto this property a sense of peace envelopes you. It is so very quiet except for the symphony of birdsong! Pleasant West Coast lakefront home offers ample room and comforts for any age group. Here you will enjoy water activities as well as the peace and tranquility of the countryside. Nestled among artful Arbutus and towering Evergreens on a quiet country lane just 20 mins from Victoria, this 4-bedroom home is right next to Mt. Work Regional Pk. It boasts a large master bedroom, full en suite, sauna and private sundeck. The outdoor hot tub and solarium provide the opportunity to relax and replenish your energy or you can enjoy a swim or canoe from the private dock on Fork Lake. What a fantastic full or part time retreat! Lorne Tuplin - RE/MAX Camosun 250-217-4600 36 years as a sales associate focused on First Class Service Powered by vFlyer.com Equal Housing Opportunity VFLYER ID: 239134010

All information in this site is deemed reliable but is not guaranteed and is subject to change

GREATER VICTORIA REAL ESTATE MARKET REBOUNDS IN SECOND QUARTER

For the third consecutive month, the Victoria Real Estate Board reports sales through the MLS® System remained strong with 65% more activity in the current quarter than in the first quarter of 2013.

“With 664 sales this month, and 1,938 sales this quarter, the market is definitely rebounding,” says President Shelley Mann. “We are now headed into the quieter summer months, so I’m interested to see where this leads.”

There were 382 single family homes sold in June at a median price of $525,250, up 1% over June 2012 at $520,000. Condominium sales were 164 at a median price of $265,000 and 79 townhomes sold at a median price of $365,000. There were 4,833 active listings on the MLS® System at the end of June, bringing the active-listings-to sales ratio to 17%, well within the balanced market range.“While sales are up, prices remain flat,” Mann says. “It is more important than ever to focus on the median prices.With six family home sales between $2 million and $7 million in June, the average price was pulled higher. The median price – the middle price – remained stable.”

Mann also advises buyers to consider long-term mortgages as she is hearing that long-term rates are starting to increase and lenders are providing fewer discounts on posted interest rates.

Total Waterfront Single Family Dwellings sold: 18, up two over June 2012
Total Non-waterfront Single Family Dwellings sold: 364, up 10 over June 2012
Single Family Dwellings sold over $1 million: 27 (6 over $2 million)