RSS

It has been a very busy week in the market pushing the 30 day average way up.  Over the last 30 days, 154 single family houses were sold, up by 31 houses from last week.  The median price is up $2,500 to $577,500. The average house was on the market for 58 days.  As you can see, the volume of sales is increasing rapidly as we always hope to see at this time of year.  That increase in sales is starting to push prices up slightly. 
 
In the same time period, 86 condos were sold, up by 8 condos from last week.  The median price is up $3,250 to $291,500. The average condo was on the market for 65 days. The condo market is still relatively flat. The volume of sales is increasing, but pricing is generally stable when we look back over several weeks.
 
There are now 1,320 houses for sale, up by 24 from last week.  Condo inventory has risen by 40 to 777 suites.  Although total inventory is rising, the relative inventory compared to the rate of sales, expressed as "months of inventory," is dropping, especially for single family homes.  For SFH's, if the pace of sales keeps picking up we could run into a shortage of inventory.
Read

Buying real estate is competitive! Whether the market is hot, or not, the best properties sell quickly.
 
When you subscribe to our Private Members Search you'll have access to the same information that Realtors use. You will be able to access complete listing details, not just the few fields available on www.realtor.ca. You won't find a more detailed or more informative search. Now, you can search like a Realtor! As well, you can choose to be notified immediately as soon as properties that match your criteria are posted on the MLS¬ system, or have a price drop.
 
Simply put, this is an indispensable tool, saving you time, money, and heartache over missed opportunities. There is no cost and no obligation, but it is a requirement of our real estate board that you must be a member for this level of access.
 
Read

BY CARLA WILSON, TIMES COLONIST JANUARY 29, 2011
 
The future of the $1.5-billion Bamberton mixed-use development is uncertain now that regional district staff are saying one option is to deny the proposal.
 
"The application appears to be at a cross road where a decision is needed as to whether or not the application should proceed," said a Cowichan Valley Regional District staff report.
 
It outlines two options for Three Point Properties' bid to develop 630 hectares on the Saanich Inlet on the north side of the Malahat. One recommendation is to deny the application, and the other option is to give the Victoria developer up to three months to bring in a proposal showing how it would provide more detailed information and address several issues.
 
Three Point wants to build a 3,200-residentialunit development over 25 years, creating a community of 7,200 people with parks and trails. Commercial and industrial uses would also be part of the project to transform the former cement plant.
 
On Monday, the CVRD's electoral area services committee will consider the report. While the Bamberton concept is attractive, it has shifted away from a mixed-use waterfront village to a more conventional development along the TransCanada Highway, the report said.
 
Concerns include the need for updated assessment reports, interim commercial and industrial use on the waterfront seems contradictory to the long-term vision for the site, and commitments for amenities to service development are limited and conditional, potentially resulting in a future community that is underserviced, the report said.
 
The applicant's desire for flexibility in zoning and other matters conflicts with the CVRD committees' desire for certainty, the report said.
 
Ross Tennant, president and partner in Three Point Properties, is hoping committee members will give him more time.
 
"We are in the process of trying to find out where those areas of consensus are and then formulating a plan that we can present at the meeting on Monday, which would be to say, 'Let's move forward on those areas where there is concurrence and let's identify those areas where there are gaps and let's work together to try and resolve those.'"
 
General agreement exists on some of the commercial and industrial aspects of the proposal, which would generate jobs, while there's disagreement within the residential plan, he said. The property is now has industrial and forestry zoning. If the rezoning is denied, Tennant is not keen to pursue those uses. Three Point has spent $25 million taking down the old cement plant and remediating the site, he said.
 
© Copyright (c) The Victoria Times Colonist
Read

Property Photo: 27 Parkcrest DR in VICTORIA
Please visit our Open House at 27 Parkcrest DR in VICTORIA.
**OH Sat & Sun 2-4 **This Westcoast split level home is located on a cul-de-sac backing onto Craigflower Creek. It offers a waterfront lifestyle at an affordable price. This home features a family room, sun room off the kitchen, separate dining room, living room with vaulted ceilings and fireplace. Laundry room and power room off the carport and an upper level with 3 bedrooms and 2 bathrooms. Updates include new stainless fridge/stove, bathroom vanities, sunroom, fire pit/water feature wall, '02 roof, '09 HW tank, patio & landscaping. Cosmetic updating would greatly add value to this family home.
Read

Property Photo: 302 2211 Shelbourne ST in VICTORIA
Please visit our Open House at 302 2211 Shelbourne ST in VICTORIA.
**OH Sun 2-4**This spacious and light filled top floor, 1 bedroom and den (2nd bedroom) 1.5 bath unit is a must see. It features vaulted ceilings, a large balcony and northerly views from the quiet side of the building. The layout features a kitchen with a pass through into the inline dining and living rooms, a master bedroom with a walkthrough closet and 2 piece ensuite, in suite laundry off the main bathroom and an office off the living room. Secured parking and a heated storage room are a plus. A short walk takes you to Jubilee Hospital, shopping, parks, tennis courts, or downtown. Park Place is a fully remediated 21 unit building with a 10 yr warranty in place. This unit is vacant for immediate possession.
Read

Property Photo: 1404 Brooke ST in VICTORIA
Please visit our Open House at 1404 Brooke ST in VICTORIA.
OH Sun 2-4 **NEW PRICE!! Located on a quiet Fairfield byway, this clean, crisp character home offers traditional styling and all of the modern conveniences one would expect in a 2002 built home. The sun filled main level offers a family room off the kitchen, separate living room, 2 pce power room and a single car garage. Features include fir floors, built-ins, crown moldings, tile counter tops and 2 gas fireplaces. Upstairs offers laundry and 2 bedrooms each with their own 4 piece ensuite bathroom. Downstairs is spacious 1 bedroom suite with its own laundry room and separate entrance. This home is across from Brooke st Park and is walking distance to Fairfield plaza and Cook St village. Vacant for immediate possession.
Read

A Victoria developer wants to build a 224-unit residential complex across from Mayfair Shopping Centre and designate nearly half as affordable housing to address the critical need for lower income workers and families in the region.

 

Brian Martin's plans include two buildings — eight and 14 storeys — with a mix of rental apartments, ground-floor condominiums and townhouses over underground parking. The project between Speed and Frances avenues, just off Douglas Street, will also have 25,000-square-feet of commercial space.

 

Click here for the full story

Read

Over the last 30 days, 123 single family houses were sold, up by 12 houses from last week. The median price is up $10,000 to $575,000. The average house was on the market for 59 days. We are now seeing the activity we expect for a spring market. More buyers are entering the market, increasing the number of properties sold, driving down the days on market, and slowly increasing pricing. Other than a small median price increase due to increased demand, we are still not forecasting an overall price increase.

 

In the same time period, 78 condos were sold, down by 10 condos from last week. The median price is down $4,250 to $288,250. The average condo was on the market for 67 days. The trend for condo pricing continues to be flat with sales volume not yet increasing in the spring market as we would normally see.

 

There are now 1,296 houses for sale, up by 21 from last week. Condo inventory has risen by 34 to 737 suites.

Read

Property Photo: 1404 Brooke ST in VICTORIA
Please visit our Open House at 1404 Brooke ST in VICTORIA.
**Open House Sun 23rd 2-4**Located on a quiet Fairfield byway, this clean, crisp character home offers traditional styling and all of the modern conveniences one would expect in a 2002 built home. The sun filled main level offers a family room off the kitchen, separate living room, 2 pce power room and a single car garage. Features include fir floors, built-ins, crown moldings, tile counter tops and 2 gas fireplaces. Upstairs offers laundry and 2 bedrooms each with their own 4 piece ensuite bathroom. Downstairs is spacious 1 bedroom suite with its own laundry room and separate entrance. This home is across from Brooke st Park and is walking distance to Fairfield plaza and Cook St village. Vacant for immediate possession.
Read

Property Photo: 302 2211 Shelbourne ST in VICTORIA
We have a new listing at 302 2211 Shelbourne ST in VICTORIA.
 
This spacious and light filled top floor, 1 bedroom and den (2nd bedroom) 1.5 bath unit is a must see. It features vaulted ceilings, a large balcony and northerly views from the quiet side of the building. The layout features a kitchen with a pass through into the inline dining and living rooms, a master bedroom with a walkthrough closet and 2 piece ensuite, in suite laundry off the main bathroom and an office off the living room. Secured parking and a heated storage room are a plus. A short walk takes you to Jubilee Hospital, shopping, parks, tennis courts, or downtown. Park Place is a fully remediated 21 unit building with a 10 yr warranty in place. This unit is vacant for immediate possession.
Read
Categories:   Co Hatley Park, Colwood Real Estate | Co Lagoon, Colwood Real Estate | Co Olympic View, Colwood Real Estate | Co Royal Bay, Colwood Real Estate | Co Sun Ridge, Colwood Real Estate | Co Triangle, Colwood Real Estate | Co Wishart South, Colwood Real Estate | CS Brentwood Bay, Central Saanich Real Estate | CS Island View, Central Saanich Real Estate | CS Keating, Central Saanich Real Estate | CS Oldfield, Central Saanich Real Estate | CS Saanichton, Central Saanich Real Estate | CS Tanner, Central Saanich Real Estate | CS Turgoose, Central Saanich Real Estate | CS Willis Point, Central Saanich Real Estate | CV Mt Washington, Comox Valley Real Estate | Du Chemainus, Duncan Real Estate | Du Cowichan Bay, Duncan Real Estate | Du Honeymoon Bay, Duncan Real Estate | Du Ladysmith, Duncan Real Estate | Du Lake Cowichan, Duncan Real Estate | Du West Duncan, Duncan Real Estate | Es Esquimalt, Esquimalt Real Estate | Es Kinsmen Park, Esquimalt Real Estate | Es Old Esquimalt, Esquimalt Real Estate | Es Rockheights, Esquimalt Real Estate | Es Saxe Point, Esquimalt Real Estate | GI Pender Island, Gulf Islands Real Estate | GI Saturna Island, Gulf Islands Real Estate | Hi Eastern Highlands, Highlands Real Estate | La Atkins, Langford Real Estate | La Bear Mountain, Langford Real Estate | La Fairway, Langford Real Estate | La Florence Lake, Langford Real Estate | La Glen Lake, Langford Real Estate | La Goldstream, Langford Real Estate | La Happy Valley, Langford Real Estate | La Langford Lake, Langford Real Estate | La Langford Proper, Langford Real Estate | La Luxton, Langford Real Estate | La Mill Hill, Langford Real Estate | La Olympic View, Langford Real Estate | La Thetis Heights, Langford Real Estate | La Walfred, Langford Real Estate | La Westhills, Langford Real Estate | Me Albert Head, Metchosin Real Estate | Me Metchosin, Metchosin Real Estate | ML Cobble Hill, Malahat & Area Real Estate | ML Mill Bay, Malahat & Area Real Estate | ML Shawnigan, Malahat & Area Real Estate | NS Ardmore, North Saanich Real Estate | NS Dean Park, North Saanich Real Estate | NS Deep Cove, North Saanich Real Estate | NS McDonald Park, North Saanich Real Estate | NS Sandown, North Saanich Real Estate | NS Swartz Bay, North Saanich Real Estate | OB Estevan, Oak Bay Real Estate | OB Gonzales, Oak Bay Real Estate | OB Henderson, Oak Bay Real Estate | OB North Oak Bay, Oak Bay Real Estate | OB South Oak Bay, Oak Bay Real Estate | OB Uplands, Oak Bay Real Estate | SE Arbutus, Saanich East Real Estate | SE Broadmead, Saanich East Real Estate | SE Cadboro Bay, Saanich East Real Estate | SE Camosun, Saanich East Real Estate | SE Cedar Hill, Saanich East Real Estate | SE Cordova Bay, Saanich East Real Estate | SE Gordon Head, Saanich East Real Estate | SE High Quadra, Saanich East Real Estate | SE Lake Hill, Saanich East Real Estate | SE Lambrick Park, Saanich East Real Estate | SE Maplewood, Saanich East Real Estate | SE Mt Doug, Saanich East Real Estate | SE Mt Tolmie, Saanich East Real Estate | SE Quadra, Saanich East Real Estate | SE Queenswood, Saanich East Real Estate | SE Sunnymead, Saanich East Real Estate | SE Swan Lake, Saanich East Real Estate | SE Ten Mile Point, Saanich East Real Estate | Si Sidney North-East, Sidney Real Estate | Si Sidney North-West, Sidney Real Estate | Si Sidney South-East, Sidney Real Estate | Si Sidney South-West, Sidney Real Estate | Sk Becher Bay, Sooke Real Estate | Sk Broomhill, Sooke Real Estate | Sk East Sooke, Sooke Real Estate | Sk John Muir, Sooke Real Estate | Sk Sunriver, Sooke Real Estate | SW Beaver Lake, Saanich West Real Estate | SW Elk Lake, Saanich West Real Estate | SW Gateway, Saanich East Real Estate | SW Glanford, Saanich West Real Estate | SW Gorge, Saanich West Real Estate | SW Interurban, Saanich West Real Estate | SW Marigold, Saanich West Real Estate | SW Northridge, Saanich West Real Estate | SW Royal Oak, Saanich West Real Estate | SW Rudd Park, Saanich West Real Estate | SW Tillicum, Saanich West Real Estate | SW West Saanich, Saanich West Real Estate | Vi Burnside, Victoria Real Estate | Vi Central Park, Victoria Real Estate | Vi Downtown, Victoria Real Estate | Vi Fairfield East, Victoria Real Estate | Vi Fairfield West, Victoria Real Estate | Vi Fernwood, Victoria Real Estate | Vi Hillside, Victoria Real Estate | Vi James Bay, Victoria Real Estate | Vi Jubilee, Victoria Real Estate | Vi Mayfair, Victoria Real Estate | Vi Oaklands, Victoria Real Estate | Vi Rockland, Victoria Real Estate | VR Glentana, View Royal Real Estate | VR Hospital, View Royal Real Estate | VR Prior Lake, View Royal Real Estate | VR Six Mile, View Royal Real Estate | VR View Royal, View Royal Real Estate | VW Songhees, Victoria West Real Estate | VW Victoria West, Victoria West Real Estate
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.