Posted on
February 16, 2018
by
Rosemarie Colterman
#362-6995 Nordin Road
MLS#387797
Listed at $531,900
Wonderful opportunity to purchase into this luxurious oceanfront townhome community on Vancouver Island’s West Coast!
The light filled end unit, (duplex townhome), is brilliantly designed! Age in place with drive up access to both levels! Upper boasts: Open and bright floor plan with vista ocean views from deck off the dining area; gas fireplace in living room; gorgeous kitchen with upgraded Kitchen Aid appliances, double oven gas stove, exquisite wood cupboards and quartz counters; master bedroom with ensuite & walk in closet; stackable front end loading washer & dryer; and extra powder room.
The lower level offers: an appealing open entrance way, two bedrooms, soaker tub bathroom; ample storage with under stair storage, extra walk in closet and a large double garage.
Revel in the ocean side amenities that Herring View offers! Listen to the seals play while swimming and enjoying the hot tub! Well equipped exercise room with infrared sauna, entertainment room, and tennis courts too! Steps to a marina! What else would you need?
Posted on
February 16, 2018
by
Rosemarie Colterman
This morning I joined up with a merry band of Realtors, the "Breakfast Club", for our our monthly offering of breakfast to the patrons of the Open Door drop in center on Pandora St.
Over the years I've done this I've come to treasure this monthly hour of service to Victoria's street people. Their smiles, jokes, and gratitude remind me that joy and friendship are always, no matter the circumstances, within our reach.
-Tom
Posted on
January 25, 2018
by
Rosemarie Colterman
#208-1485 Garnet Road
MLS#387088
Listed at $179,000
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YOUR BEST NEXT MOVE! Rosebank Gardens offers an unique model of independent/community retirement living. Residents own & manage the entire facility: their suite, the building, its staff & its many services!
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This charming south facing suite offers: a spacious, sensible floor plan; full kitchen with double sink; generous sized Master, main bathroom with walk-in, two seated shower; south facing green views from windows, private balcony, and a large 50 sq ft in-suite storage room.
This Community/Strata offers a shared lounge/dining room, guest suite, 24 hour staffing / security, free laundry; activity room & First Alert response. The monthly strata & service fees provide for a daily, professionally cooked and served 4 course dinner, weekly housekeeping, 24 hour staffing, and all building amenities & maintenance (services are $340/month for singles & $555/month for couples).
Rose Bank Gardens is tucked into a quiet, beautifully landscaped urban oasis and is only a short walk to Nellie McClung Library, grocery stores, medical offices, and University Heights Mall.
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Posted on
January 2, 2018
by
Rosemarie Colterman
A total of 462 properties sold in the Victoria Real Estate Board region this December, 1.9 per cent fewer than the 471 properties sold in December last year.
A grand total of 8,944 properties sold over the course of 2017, 15.8 percent fewer than the record breaking 10,622 that sold in 2016. 2017 sales came in at 21.7 per cent over the ten year average of 7,349 properties sold.
"Early in 2017 we discussed how the Victoria area housing market would be different than the record breaking year we had in 2016 and that over the course of the year we'd probably see a gradual return to a more balanced market. We did see evidence of this change come early in the year, as multiple offers and rapid price increases leveled out," says Victoria Real Estate Board President Ara Balabanian. "However, the ongoing low inventory of properties for sale meant that buyers continued to experience competitive situations in high demand areas, and multiple offers were still a common occurrence as buyers negotiated in a tighter market. What we couldn't anticipate were outside factors such as changes to mortgage qualifying rules that may have pushed people into the market early. The pending mortgage stress test in particular is likely to have caused much of the increased activity we've seen in November and December."
There were 1,384 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of December 2017, a decrease of 21.5 per cent compared to the month of November and 7.3 per cent fewer than the 1,493 active listings for sale at the end of December 2016. This is the lowest level of inventory for the area in the month of December since the statistic was tracked in 1996.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in December 2016 was $753,900. The benchmark value for the same home in December 2017 has increased by 9.3 per cent to $823,800, and is slightly higher than November's value of $824,600.
"Overall, the low inventory and the continued interest in Victoria real estate meant that well-priced homes were quick to sell in 2017. Moving forward, we expect to see more inventory come into the market, which will continue to move us toward a more balanced state," adds President Balabanian. "We also expect housing prices to remain stable, without the increases we tracked in 2016, and anticipate steady slow growth. In markets like these, it's important to enlist the services of a REALTOR® to help you navigate what may be your largest transaction ever."
Posted on
December 15, 2017
by
Rosemarie Colterman
There is no better way to fully catch hold of the Spirit of Christmas than spending an hour sharing smiles and greetings with the street folks who come for breakfast at the Our Place kitchen.
I hope you can take a few moments over this special season to recall your blessings. It's so easy to get caught up in the holiday rush and forget how deeply wonderful it is simply to be alive.
Rosemarie & Tom
For further info on the "Our Place" Society:
Posted on
December 1, 2017
by
Rosemarie Colterman
A total of 671 properties sold in the Victoria Real Estate Board region this November, 12 per cent more than the 599 properties sold in November last year.
"We suggested last month that some buyers may accelerate their purchase timeline to buy a new home in anticipation of the mortgage stress test on uninsured buyers - those with a down payment of 20 per cent or more - that will come into effect on January 1," says Victoria Real Estate Board President Ara Balabanian. "Judging by the sales we saw in November and what I have heard from our REALTOR® members, some buyers have indeed accelerated their purchasing plans to avoid the stress test. This may change the numbers we see in the early months of 2018, as some buyers who had planned to buy next year have bought a bit earlier."
There were 1,764 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2017, a decrease of 7.4 per cent compared to the month of October and 2.8 per cent fewer than the 1,815 active listings for sale at the end of November 2016.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in November 2016 was $748,500. The benchmark value for the same home in November 2017 has increased by 10.2 per cent to $824,600, which is slightly higher than October's value of $821,900.
"So was this November a record breaker?"asks President Balabanian. "While not a record, it is the highest November sales count we've tracked since 1996. It is also rare that we see November numbers beat October numbers. The fact that we've had an unusual month does not necessarily mean that this is the start of a new trend, it is however, a good example of how outside forces can impact a housing market. It's likely there will be more government-led change in the new year and we'll report on the effects of those changes on the market. Our hope is that the different levels of government coordinate their efforts to avoid a negative compounding effect on the market."
Posted on
November 28, 2017
by
Rosemarie Colterman
Happy December!
I'm blowing my own trumpet to proudly announce
Royal LePage Coast Capital Realty are featuring me as
Realtor of the Month for December!
Posted on
November 17, 2017
by
Rosemarie Colterman
#1103-930 Yates Street, Victoria
Listed at $319,000
MLS#385548
Beautiful 11th floor downtown condo in the prestigious Manhattan (a fully remediated steel & concrete bldg with rain-screen tech). This fully rentable suite includes a gourmet kitchen with granite counter tops, eating bar, under counter accent lights, pot lights, garburator, and 4 premium wood bar chairs. The seller took such good care of this suite and added value by upgrading the appliances to high-end SS fridge, stove & dishwasher, and installing gleaming engineered hardwood floors and an upgraded front end loading washer & dryer. The suite also boasts an entertainment size balcony with East and Southern views, including vista views of the ocean! Strata amenities include on-site fitness center, additional laundry facilities, extra storage, bike storage, & meeting room. All-sized pets are welcome! BBQs allowed! No smoking Building! Literally across the street from Market on Yates & London Drugs in the heart of downtown!
Posted on
November 17, 2017
by
Rosemarie Colterman
#115-1485 Garnet Road
MLS#385539
Listed at $239,900
| YOUR BEST NEXT MOVE! Rosebank Gardens offers an unique model of independent/community retirement living. Residents own & manage the entire facility: their suite, the building, its staff & its many services! 115, as one of Rosebank Gardens largest suites & one of just a few 2 bed/2 bath units, is ideal for a downsizing couple. 115 offers a full, open concept kitchen; in suite storage room; spacious Master with ensuite with walk-in shower, 9' ceilings, & a walk-out garden patio! Monthly strata fees (far more affordable than monthly rent at most retirement facilities!) cover a daily chef cooked meal, weekly housekeeping, 24 hour staffing, & all bldg. maintenance. Facilities include large common/dining room, coin-less laundry room on every floor & guest suite. Tucked into a quiet, landscaped, urban oasis it's an easy walk to the Nellie McClung library, grocery stores, medical offices, & University Mall. |
Posted on
November 1, 2017
by
Rosemarie Colterman
A total of 664 properties sold in the Victoria Real Estate Board region this October, 9.7 per cent fewer than the 735 properties sold in October last year.
"As expected, we saw fewer sales than this time last year," notes Victoria Real Estate Board President Ara Balabanian. "Looking at the longer term picture however, sales last month were 17.1 per cent above the ten year average of 567 properties for the month of October, so the market is still very active here in Victoria, and this is in spite of the ongoing low inventory levels."
There were 1,905 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2017, a decrease of 3.6 per cent compared to the month of September and 1.7 per cent fewer than the 1,938 active listings for sale at the end of October 2016.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in October 2016 was $752,000. The benchmark value for the same home in October 2017 has increased by 9.3 per cent to $821,900, but is lower than July's value of $834,200.
"The fact that we've seen such a controlled levelling off in the market directly following a year which felt so uncontrollable in terms of demand and pressure on prices illustrates the depth and stability of the Victoria market. An unstable market may have experienced a heavy correction or shift, whereas in our market sales are moderating at a reasonable rate." adds President Balabanian. "In the coming months we expect to see less inventory on the market, because the year end changes buyer and seller behaviours, their focus shifts to holidays and winter weather. One unknown influence that may play on the winter market is the upcoming mortgage stress test. Some buyers may move their purchasing timelines forward to make their home purchases before the stress test on uninsured buyers (those with a down payment of 20 per cent or more) becomes required January 1."
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