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Property Photo: SI Sidney, Sidney
I have listed a new property at SI Sidney, Sidney.
This quality built Cape Cod style home with detached studio is a great fit for a professional or retired couple. Nearly new and custom built, you'll find high quality choices throughout. The kitchen and bathrooms feature custom built, solid maple cabinets by Island Custom Cabinetry, the floors are wide plank Russian Oak, and beautiful windows bring the sun in all day. The studio is very cozy and includes its own fireplace and kitchenette, giving you a variety of options. Bonuses include RV parking front and back with 30A service, and a private South facing deck. Located in one of the best areas of Sidney, you are only a short walk from the town center, beach, parks, transit, tennis and more! Much more info at Realtor's website.
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Property Photo: La Mill Hill, Langford
I have listed a new property at La Mill Hill, Langford.
This beautifully maintained, recent home in move in condition offers excellent value. While most newer homes have tiny lots, here you and your family can really stretch out in your large, fully fenced, private rear yard. Accessed right off the kitchen, it?s a safe and comfortable place to relax and enjoy your garden. Inside, you?ll appreciate the designer colours throughout. On the main level, the living room is a peaceful retreat with its gas fireplace and vaulted ceiling. Upstairs the 3 bedrooms, including a master with private ensuite bath, give room and privacy for your family. A short walk from school, transportation, parks, the Galloping Goose Trail and shopping. Floorplans, virtual tours and more at Realtor's website.
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Property Photo: CS Brentwood Bay, Central Saanich
I have listed a new property at CS Brentwood Bay, Central Saanich.
Located in an upscale and rural area of Brentwood Bay, this updated home offers something for every member of the family. Inside, you will appreciate the spacious rooms, hardwood floors, and updated kitchen. Choose to relax together in the living room watching the incredible sunsets, or simply gaze at your partial ocean view. Outside, the generous back yard is a real highlight with its large deck, private patio, and peaceful sitting areas, all surrounded by mature evergreens. When you do head out, marinas, restaurants, shopping, and schools are all just a short walk away. Don?t miss out on this great ?move in ready? home that lets you take advantage of the best our West Coast lifestyle has to offer. More info at REALTOR'S website
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Property Photo: Vi Fernwood, Victoria
I have listed a new property at Vi Fernwood, Victoria.
The most beautiful suite in the building and probably the nicest in the neighbourhood, this completely upgraded home is a must see! You’ll appreciate the incredible attention to detail, from the granite counters and SS appliances in the kitchen, to the completely new bathrooms with Indian slate surfaces that truly put a spa to shame. To top it off, this corner unit is located on the quiet and sunny South East side of the building, well off of the road. Step outside to your large deck and you’ll be surrounded by green space. A short walk takes you to Jubilee Hospital, shopping, parks, tennis courts, or downtown. Fully remediated with a 10 yr warranty in place, this is an opportunity to get the best at a very affordable price.
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Property Photo: Vi James Bay, Victoria
I have listed a new property at Vi James Bay, Victoria.
At Vicino you will find a home that offers a balance between classic and modern styling resulting in a interior that is functional and inspiring. You'll enjoy luxurious features such as steel and concrete construction, granite counters, hardwood floors, and stainless steel appliances including a gas range. Ideally located in the complex, this South West corner unit really maximizes its location with floor to ceiling windows and TWO spacious balconies! Step outside your door and you are right in the heart of James Bay but only a few minutes from downtown Victoria. Whether you are looking for year round living, an investment property, or your private retreat, this suite offers it all. GST included. More info at Realtor's website.
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Each spring we have historically seen an increase in the number of properties sold and, for the last several years at least, an increase in the median price as well.  But, this year all bets were off.  The market has been quite volatile, with the overall trend in volume and price being down.
 
However, February was a pleasant surprise.  In the office the phones were much busier and we could see more deals being put together.  The month end VREB results backed up what we were feeling.  Overall, the number of units sold was up 63% from January.  Of course, we expect February to be better than January, but not by that much! 
 
The number of single family homes sold increased by 56% with a 2% increase in the median price.  Yes, I did say an increase in price.  The current median price is still well off the peaks of 2007 and 2008.
 
A whopping 75% more condos sold in February than in January but prices still seem to be softening, although not by much anymore.  The median price for the last four months has hovered between $250,000 and $259,000.
 
Townhouses posted the smallest increase in volume at 37% - more inline with what we would expect as we move from the Winter to the Spring buying season.  The median price continues to hover between $360,000 and 380,000, where it has been stuck for more than half a year.
 
There is something for everybody in here.  The stabilizing pricing helps sellers set an asking price that will attract buyers.  The increasing volume shows buyers that property is selling, and that sitting on the sideline too long means that the home they really want may sell to someone else.  The low mortgage rates and availability of credit is the grease for the wheels that makes the transactions possible, and affordable.
 
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.