Archived blog posts for : August 2011 : page 2

NEW LISTING at 72 3987 Gordon Head RD in VICTORIA

Posted on August 16, 2011 by Mark Roozendaal (Re/Max Camosun)

Property Photo: 72 3987 Gordon Head RD in VICTORIA

We have a new listing at 72 3987 Gordon Head RD in VICTORIA.

This Gordon head end-unit townhouse with 3 bedrooms on the upper level, and a 4th bedroom / den on the lower is a great opportunity to get into an excellent neighborhood with some of Victorias best schools ? all at a very affordable price. Inside, you will find easy care laminate throughout, a large kitchen with eating area, spacious rooms, and abundant storage everywhere. Outside, your fully fenced South facing patio is a great place to relax! Or, let the kids roam on the large & safe green space inside the complex. Affordable, well located, very spacious, with 2 parking spots, and central to transportation, are just the beginning of a list of reasons you?ll want to live here.

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5 Year fixed mortgage rates now as low as 3.39% and dropping

Posted on August 16, 2011 by Leong & Roozendaal (Re/Max Camosun)

If you are in the market for a property, keep a close eye on those mortgage rates! We hear that rates are going to get lower still.

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Single family homes sales grow, while the condo market continues to soften

Posted on August 15, 2011 by Leong & Roozendaal (Re/Max Camosun)

Right now we have two very separate markets for houses and for condos. For the second week in row, both the volume and median pricing for single family homes in Victoria has increased. Volume is quite strong – not what we would expect to see in our normally quiet summer months. On the other hand, the condo market is showing results typical for this time of year. Volume continues to drop, off about 30% from the peak this spring. Pricing has softened as well, reacting to the over-supply in our market.

Overall, there are lots of buyers out there, but with our high inventory levels, they can afford to be picky. The simple message is price your property correctly and it will sell. Overprice it, and you just help your competition sell theirs.

Over the last 30 days, 262 single family houses were sold, up by 3 houses from last week. The median price is up $15,050 to $558,050. The average house was on the market for 40 days.

In the same time period, 129 condos were sold, down by 13 condos from last week. The median price is down $13,500 to $279,000. The average condo was on the market for 43 days.

There are now 2,318 houses for sale, up by 08 from last week. Condo inventory has risen by 37 to 1141 suites.

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SOLD! Another happy client at Vi Downtown, Victoria

Posted on August 12, 2011 by Mark Roozendaal (Re/Max Camosun)

We have just sold another property at Vi Downtown, Victoria. We would love to sell your property, just give us a call.

See details here

The best view the city offers. This stunning and spacious downtown condo offers an incredible 270 degree view of the Sooke Hills, the harbour, downtown and the Olympic Mountains, with wide outdoor decks on the South and West. Sleek black marble countertops and kitchen island in an open floor plan make this a modern and elegant home that's perfect for entertaining. Two bedrooms with views, including a master with a generous ensuite, second bathroom with tub/shower, den perfect for relaxing, in-suite laundry, storage, underground parking. 9 foot ceilings, full height windows fill the space with light. From clouds to cruise ships, snow-capped mountains and city lights, there's always something to view from this spectacular condo.

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NEW LISTING at 19 675 Superior ST in VICTORIA

Posted on August 11, 2011 by Mark Roozendaal (Re/Max Camosun)

Property Photo: 19 675 Superior ST in VICTORIA

We have a new listing at 19 675 Superior ST in VICTORIA.

See details here

This stunning, near new brownstone epitomizes classic downtown life without compromise! Inside this one year old home you will find only the best, including in-floor heating on the entire main level, granite surfaces, a gourmet kitchen, and large, bright bay windows. This home, the biggest and best in this cozy development, offers lots of space with four bedrooms and three full baths, including a FABULOUS MASTER SUITE that occupies the entire upper level. Located across from Beacon Hill Park, you can live downtown, but just far enough away to enjoy peace, quiet, and tree lined lanes. In move in condition and priced to sell, you will find that there is nothing that compares to this offer!

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Condo building buoys Greater Victoria market

Posted on August 10, 2011 by Leong & Roozendaal (Re/Max Camosun)

The number of new multi-family homes built in Greater Victoria surged last month as builders started work on 168 condominium and townhouse units in June, more than double the number coming out of the ground at the same time last year.

NEW LISTING at 4011 Bow RD in VICTORIA

Posted on August 9, 2011 by Mark Roozendaal (Re/Max Camosun)

We have a new listing at 4011 Bow RD in VICTORIA.

See details here

Located in one of the most sought after areas of Mount Doug, this spacious five-bedroom family home has an ideal layout with three bedrooms on the upper level, including a private master ensuite. With a bedroom or den on the main level, and another bedroom + plenty of storage on the lowest level, there is room for everyone. The private backyard, with its well laid out deck, backs onto Bow Park nature reserve offering trails and picnic areas right at your doorstep. Your front yard is equally private with even more deck space and a plunge pool. Located on a quiet & safe cul-de-sac in a popular neighbourhood, close to great schools & transportation, this home offers solid long-term value.

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NEW LISTING at 866 Violet AVE in VICTORIA

Posted on August 9, 2011 by Mark Roozendaal (Re/Max Camosun)

Property Photo: 866 Violet AVE in VICTORIA

We have a new listing at 866 Violet AVE in VICTORIA.

See details here

JUST RENOVATED, this home offers excellent value for your family! The completely new kitchen with eating area is yours to enjoy with new flooring, appliances, counters, cabinets, faucets, and fixtures. The rest of the spacious main level features new laminate flooring and fresh designer paint. Step from your living room with its cozy gas fireplace to your large & level back yard with patio? fully fenced and perfect for your family. Add to this an ideal layout upstairs with three bedrooms on the same level and you have a great home in move in condition. Centrally located, close to schools, shopping, and transportation, yet on a safe side street, this is a great investment in todays market.

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US Interest rates to stay at record levels until 2013

Posted on August 9, 2011 by Leong & Roozendaal (Re/Max Camosun)

Big news today from the United States Federal Reserve! Bernanke announced today that they plan to keep interest rates at record low rates until 2013. This is significant news since Canada generally follows the US quite closely.

What does this mean for real estate? We know that high interest rates slow down home buying and reduce values at the same time. So, we expect continued low interest rates to increase the percentage of home ownership in Canada as homes continue to be very affordable.

It seems that Canadian funders are already reacting to the news. 5 year fixed term mortgages have dropped to as low as 3.49% with variable rates unchanged at 2.2%.

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Colwood City Centre ready to break ground

Posted on August 9, 2011 by Leong & Roozendaal (Re/Max Camosun)

If reports from the developer are to be believed, Colwood City Centre at Colwood corners is set to break ground this fall. If you haven't read about it already, it is worth your time. This is a major retail, residential, and office space project that will forever change the face of the upper Colwood strip in a very positive way.