Thursday, January 28, 2016

SOLD Townhouse Listing in Langford SOLD
Reduced to $337,900

Excellent rentable corner unit 3 bedrooms, 3 baths & shows like new! Steps to world class golf at Bear Mountain, and hiking trails (Mt. Finlayson/Goldstream). Open plan with back living & dining rooms. Corner Gas fireplace, patio doors to deck. Features include plank laminate floor, granite counter tops, vaulted ceilings, large bathrooms with separate showers, lots of light, fresh modern look throughout, one car heated garage. Easy care yard for entertaining or relaxing. Millstream to Longspur, then right on Greenhill Rise. To view, call Lorne at 250-217-4600
Kitchen with all appliances

Kitchen - Granite Counter tops

Living Room with corner gas fireplace

Living Room has patio doors to deck

Spacious Master Bedroom

4 Piece En suite

Back Yard - Deck & Patio

Monday, January 04, 2016

Active December Caps a Busy Year for the Victoria Real Estate Market

Active December Caps a Busy Year for the Victoria Real Estate Market

We wrapped up 2015 with numbers we haven't seen since 2007. This past year we saw 8,295 transactions on the Multiple Listing Service®, an increase of 23.8 per cent from last year.
A total of 465 properties sold in the Victoria Real Estate Board region this December, an increase of 19.5 per cent compared to the 389 properties sold in the same month last year.
There were 2,517 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of December, 21.6 per cent fewer than the 3,210 active listings at the end of December 2014.
Crozier notes that the Victoria Real Estate Board serves more than 1,200 REALTOR® Members. "The great news for our Board's membership is that in 2015 more than sixteen thousand buyers and sellers hired a local agent to sell or purchase a property. Our profession couldn't be happier about that kind of consumer confidence. With a market that's ever-changing, and with a transaction process that gets more complicated each year, now more than ever buyers and sellers need the expertise of a Realtor. Whether it's pricing a home in this evolving environment, finding a home before others do, or navigating a multiple offer situation through to success, our members are up for the task."
What's Crozier looking forward to in 2016? "It's hard to imagine 2016 won't bring more of the strong demand we saw throughout 2015. The inventory available for sale lags behind historical levels and if sales continue to be strong, it will be hard for inventory to bounce back. Sales show no sign of slowing this spring and Victoria remains one of the most popular destinations to live in the country. All of this points to a continued strong market."
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in December, 2014 was $560,900. The benchmark value for the same home in December 2015 has increased by 9.4 per cent to $613,600.
The graph below is for all types of homes for the year 2015.
For detailed information on the Victoria and area housing market, call Lorne Tuplin today 250-217-4600.