"Spring Sales Continue to Rise in the Victoria Market"

Victoria Real Estate Board

June 2nd, 2014

June 2, 2014, Victoria BC- 

The Victoria Real Estate Board today released its monthly report on real estate activity in the Victoria area for May 2014.

714 properties sold in the region in the month of May 2014 compared to 659 in May 2013 - an increase of over 8% year over year. Compared to last month in April, there were 7.5% more sales.

"We are pleased to see sales numbers continue to rise," Victoria Real Estate Board President Tim Ayres says. "The last time we saw this many sales in a month was in 2010, which was also the last time we saw a busy market. The increase may be attributed to the extended period of low mortgage rates we are seeing, and to the great diversity of properties currently available. We saw 19 single family homes sell for over one million dollars this month, and we saw 29 single family homes sell for under $350,000. The market has something for every home buyer right now."

In May 2013 the MLS® Home Price Index benchmark price for a single family home in Greater Victoria was $493,600. This year in May the benchmark home value reached $498,500 - a modest 1% increase year over year. The Peninsula benchmark home value saw a 0.7% increase while the Westshore saw a very minor decrease of 0.1%. Townhouses in Greater Victoria show the most noteworthy change with an increase of 4.2% year over year.

"We’re seeing a modest increase in property values overall in the Victoria area" adds President Ayres, "and the balanced conditions we talked about last month are still in place, which means a steady, predictable market."

Victoria Real Estate Board President Tim Ayres is available for comment. More information on the May 2014 report and the MLS® HPI is available from the Victoria Real Estate Board.

More info: http://www.vreb.org/mls_statistics/current_statistics.html

24 Quincy Street, View Royal, Victoria - Listed at $429,000

This custom built triangular shaped rancher offers privacy, beautiful rock gardens; views of Portage Inlet; the Olympic Mtns. Tucked away off Cul de Sac this unique home has a country-retreat feel!

More info: http://rosiesays.ca/mylistings.html/details-38493688

#8-3951 Bethel Place, Saanich West, Victoria - Listed at $389,000.

3 bed, 2 bath single family detached character home in well-run town home complex.

You get the best of both worlds: privacy of a separate home; the affordability of strata living! New roof; professionally painted exterior in 2013 done by the strata!

More info: http://rosiesays.ca/mylistings.html/details-38914908

#8-3951 Bethel Place, Saanich West, Victoria - Listed at $389,000.

3 bed, 2 bath single family detached character home in well-run town home complex.

You get the best of both worlds: privacy of a separate home; the affordability of strata living! New roof; professionally painted exterior in 2013 done by the strata!

More info: http://rosiesays.ca/mylistings.html/details-38914908

24 Quincy Street, View Royal, Victoria - Listed at $429,000

This custom built triangular shaped rancher offers privacy, beautiful rock gardens & views of Portage Inlet; the Olympic Mtns. Tucked away off Cul de Sac this unique home has a country-retreat feel!

More info: http://rosiesays.ca/mylistings.html/details-38493688

24 Quincy Street, View Royal, Victoria - Listed at $429,000

 

This custom built triangular shaped 2 bed, 2 bath rancher offers privacy, beautiful rock gardens; views of Portage Inlet; the Olympic Mtns. Tucked away off Cul de Sac this unique home has a country-retreat feel!

More info: http://rosiesays.ca/mylistings.html/details-38493688

#8-3951 Bethel Place, Saanich West, Victoria - Listed at $389,000.

3 bed, 2 bath single family detached character  home in well-run town home complex.

You get the best of both worlds: privacy of a separate home & the affordability of strata living! New roof & professionally painted exterior in 2013 done by the strata!

More info:  http://rosiesays.ca/mylistings.html/details-38914908

#8-3951 Bethel Place, Saanich West, Victoria

Listed at $389,000

Looking for a town home? Great opportunity to own a single family detached 1933 Character home in a well-run town home complex!  Great value here! You get the best of both worlds: privacy of a separate home & the affordability of strata living! The roof, foundation & building exterior of this lovely home are maintained by the Strata! New roof and professional painted exterior done by the Strata! The strata replaced the perimeter drainage system on this home in 2007!  Some wonderful features include: a large wrap-round very private deck overlooking trees & greenery; hardwood floors; French doors; new carpeting on upper & lower levels; thermal windows; professionally painted throughout; spacious kitchen w/ breakfast nook; quiet master w/ coved ceilings; lower level w/ rec room, bedroom & workshop/storage room; garden shed & car port. Pets welcome! 

More info: http://rosiesays.ca/mylistings.html/details-38914908