Thursday, August 07, 2014

Surprising Summer Sales for Victoria and Area Real Estate

August 1, 2014, The Victoria Real Estate Board today released its monthly report on real estate activity in the Victoria area for July 2014.
681 properties sold in the region in the month of July 2014, compared to 583 last year in July - an increase of nearly 17%. June 2014 saw 680 sales.
When compared with year-to-date sales in 2013, 2014 shows a 10% increase.
"I think the activity in July has surprised a few people," Victoria Real Estate Board President Tim Ayres says. "Traditionally the summer market is slower than the spring, but numbers are tracking closely to March and April sales this year. Last year sales in July were 12% lower than in June - and June was the peak of the market in 2013. This year we see slightly more sales in July than in June. This is the first year since 2003 that July numbers have beaten June."
The MLS® Home Price Index (HPI) benchmark value for a single family home in the Victoria Core area in July was $562,000 - 2% higher than last year’s average value for the same home - $550,900.
Private acreage with updated home Affordably Priced at 629,900
    Main Photo
Bedrooms: 3
Bathrooms: 3
Parking Spaces: 6
Year Built: 1973
Subdivision: Walfred
Lot Size: 2.04 Acres
Garage Size: Double
Square Footage: 2,067
Agent Name: Lorne Tuplin
Broker: RE/MAX Camosun
MLS #: 340934
Price: CAD 629,900
836 Walfred Road
Victoria, BC V9C 2P2
  • Range/Oven
  • Full Refrigerator
  • Washer/Dryer
  • Dishwasher
  • Fireplace
  • Vaulted Ceilings
  • Basement
  • Patio
  • Swimming Pool
  • Grass Lawn
  • Secluded setting
Secluded, sunny 2.04 acre spot with substantially updated home. Features include open beam cathedral ceilings, Stone fireplace & cathedral style windows in living room, heated tile floors in kitchen & en suite bath & patio doors leading to 28' x 32' patio & small pool at back. Lower level has huge bedroom with en suite or could be family room. Lots of storage plus a double garage

Lorne Tuplin - RE/MAX Camosun
250-217-4600
37 years as a sales associate focused on First Class Service
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