Congratulations to Mark Roozendaal and Karl Leong for each individually making into the RE/MAX Camosun top 20 for the month of March 2012!  

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As we move deeper into the Spring market, we are still seeing positive growth in the sales volume of both houses and condos.  Prices do seem to be creeping upwards very slowly, but that growth is so slow that I would tend to characterize it more as stable pricing.  We often see prices grow very slightly in the Spring, no matter the market conditions, simply because there is a little more competition among buyers.  Compared to last year, it does look like the volume this April may end up slightly ahead of April 2011.

Inventory is growing quite steadily.  In fact, there are more properties on the market than we would like to see.  Total inventory is at 4,307 units, almost as high as last Spring which was considered very high!  High inventory levels mean lots of choices for buyers, keeping sellers competitive, and keeping prices in check.

Over the last 30 days, 297 single family houses were sold, up by 4 houses from last week.  The median price is down $900 to $569,000. The average house was on the market for 38 days.

In the same time period, 173 condos were sold, up by 12 condos from last week.  The median price is down $5,000 to $280,000. The average condo was on the market for 37 days.

There are now 2,123 houses for sale, up by 70 from last week.  Condo inventory is unchanged 975 suites.

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MASHABLE TECH - Imagine having a pool for a balcony. That's the promise of this spectacular residential building designed by James Law Cybertecture for Parinee Developers, featuring cantilevered pools hanging out on the edge of the wild blue yonder.

Sure, this is a design concept that might have to wait a few years for building technology to catch up, but I'm loving that fanciful design, letting you float in a cool pool as you gaze out on a magnificent view. Maybe someday soon this Mumbai-based design firm might actually build this lovely apartment building.