- Open House in Florence Lake on Saturday
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Florence Lake, Langford - We invite everyone to visit our open house at 896 CAVALCADE TERR on July 19 from 2:00 PM to 4:00 PM.
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- Price Reduced on 896 CAVALCADE TERR in Florence Lake
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Florence Lake, Langford - Announcing a price reduction on 896 CAVALCADE TERR, a 2,615 sq. ft., 4 bath, 5 bdrm 3 story "Colonial". Now
MLS® $495,000 - Well Priced. OPEN SAT July 19th 2-4PM.
Property information
- Open House in Florence Lake on Saturday
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Florence Lake, Langford - We invite everyone to visit our open house at 896 CAVALCADE TERR on July 12 from 2:00 AM to 4:00 AM.
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- 3 Story For Sale in Florence Lake
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Big Family Home 5 BR & 4 BA
• 2,615 sq. ft., 4 bath, 5 bdrm 3 story "Colonial" -
MLS® $505,000 - Well Priced
Florence Lake, Langford - VIEWS, VIEWS from all rooms and from the nice balcony facing SW! Three level strata home with a fully finished bsmt with seperate entrance from the side of house! Note 5 bedrooms, 4 bathrooms, Gas Fireplace, Large deck off Diningroom. Beautiful foyer Tile entrance! Bright well layed out kitchen with nice wood finish and eating bar- stainless steel appliances! Balnce of 2, 5 & 10 year warrenty!
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- More Choices for Buyers
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More Choices Now Available for Home Buyers
June 2, 2008
With a return to a balanced real estate market, home buyers in the Victoria area now have a much larger pool of properties from which to choose. The number of properties available for sale increased to 4,332 in May - a 25 % increase over the same month a year ago and the highest level since June 1998.
Victoria Real Estate Board President, Tony Joe, notes that despite this increase, prices and sales remain stable although the number of sales is down compared to a year ago. "There was a total of 770 sales of homes and other properties in May through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), virtually unchanged from the 768 sales in April but down from the 963 sales in May of last year." Joe noted that a significant number of new properties came on the market last month: "There were 1,850 new listings in May - the highest number for a single month in over 18-years". Joe added that 24 sales over $1 million had an impact on the overall average price of single family homes in Greater Victoria which last month was $601,897; the six-month average was $606,985 though median was considerably lower at $545,000. There were also three sales on the Gulf Islands of over $1 million.
The average price of all condominiums sold in May was $336,157; the average for the last six months was $333,208. The median was again lower at $295,500. The average price of all townhomes sold last month was $435,058; the six month average was $433,854. The median price was $394,900.
MLS® sales last month included 470 single family homes, 168 condominiums, 71 townhomes and 25 manufactured homes.
Summary Report and Graphs
Monthly Sales Summary
Average Selling Price Graphs
Active Listings, New Listings and Sales Graphs
- More homes for sale - welcome news for Homebuyers
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More Homes for Sale—Welcome News for Homebuyers
Vancouver, BC – May 14, 2008. British Columbia Real Estate Association (BCREA) reports residential sales dollar volume on the Multiple Listing Service® (MLS®) in BC dipped 1.4 per cent to $4.1 billion in April, compared to April 2007. Residential unit sales declined 11 per cent to 8,623 units during the same period. The average MLS® residential price in the province reached $478,044, up 11 per cent from April 2007.
“Rising inventories are providing more choice for consumers and exerting less upward pressure on home prices,” said Cameron Muir, BCREA Chief Economist. Active MLS® residential listings in the province were up 37 per cent to 47,923 units in April. “The combination of a slower pace of home sales and some profit taking by investors is contributing to a balance between housing demand and the supply of homes for sale.”
“While homebuyers now face less competition for the homes available for sale,” added Muir, “competition among home sellers means curb appeal, interior condition and prudent pricing are necessary for faster sale.”
In the first four months of the year, MLS® residential sales volume in the province fell 1.8 per cent to $13.2 billion compared to the same period in 2007. Residential unit sales declined 13 per cent to 27,730 units, while the average MLS® residential price increased 13 per cent to $474,993.
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For more information, please contact:
Cameron Muir
Chief Economist
Direct: 604.742.2780
- Strong Real Estate Sales Mark Start to 2008
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Strong Real Estate Sales Mark Start to 2008
February 1, 2008
Sales of homes and other properties in the Greater Victoria area got off to a solid start in the first month of 2008. There were 464 sales through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®) in January, up from the 442 sales in the same month a year ago. There were 408 sales in December. Meantime, the total number of properties available for sale rose to 3,027 - a 14 per cent increase over January of last year.
Victoria Real Estate Board President, Tony Joe, says the market remains very healthy and the strong sales and increase in inventory represent good news for sellers and buyers. "There continues to be strong demand for homes that are realistically priced and the increase in the number of properties available for sale means more choice for buyers," said Joe. Joe noted that nearly 29 per cent of single family homes sold for less than $450,000 last month while nearly 37 per cent of all condominiums sold for under $275,000 in January.
Joe added that 19 sales of over $1 million had an upward impact on the average price of single family homes, "The average price of single family homes sold in January in Greater Victoria was $606,449 but it is important to note that the median price was considerably lower at $530,200." The six-month average for single family homes was $586,338. The average price of all condominiums sold in January was $349,045; the average for the last six months was $326,904. The median was again lower at $304,450. The average price of all townhomes sold last month was $423,774; the six month average was $419,926. The median price was $392,950.
MLS® sales last month included 249 single family homes, 125 condominiums, 43 townhomes and 16 manufactured homes.
Summary Report and Graphs
Monthly Sales Summary
Average Selling Price Graphs
Active Listings, New Listings and Sales Graphs
- NOVEMBER SALES STATS
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November Real Estate Market Strong Sales, Record Prices
December 3, 2007
The Victoria area real estate market continued to show exceptional strength last month with strong sales and record average prices for single family homes and townhomes. There were 623 sales through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®) in November, up from the 571 sales in the same month a year ago. There were 708 sales in October of this year.
Victoria Real Estate Board President, Bev McIvor, noted that 16 sales of over $1 million pushed the average price of single family homes in Greater Victoria to a new record high of $596,586. "As always, it’s important to note that high end sales have a significant impact on the average price and that the median, or mid-range price, was considerably lower at $510,000." McIvor noted there were also three sales over $1 million on the Gulf Islands last month and that the average price of all townhomes sold also reached a new record high of $473,758. "The high demand and robust prices show continued strong consumer confidence in the market," added McIvor.
The six-month average for single family homes was $576,230. The average price of all condominiums sold in November was $311,844; the average for the last six months was $324,255. The median was again lower at $292,000. The six month average of all townhomes sold last month was $411,262. The median price was $421,750.
MLS® sales last month included 335 single family homes, 179 condominiums, 63 townhomes and 14 manufactured homes.
There were 3,196 properties listed for sale on the MLS® system at the end of last month, up slightly from the 3,158 properties in the same month a year ago.
Summary Report and Graphs
Monthly Sales Summary
Average Selling Price Graphs
Active Listings, New Listings and Sales Graphs
- Sales and Prices surge in June
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| Real Estate Sales and Prices Surge in June | July 3, 2007 |
The number of sales of homes and other properties in the Greater Victoria area surged to the highest level for the month of June in over 15 years last month. There were 949 sales through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®) in June, up nearly 25 per cent from the 762 sales in the same month a year ago. There were 963 sales in May of this year. Meantime, the average price of single family homes sold in June hit a new record high of $573,415; the median price was considerably lower at $501,500; the six-month average was $553,323. Victoria Real Estate Board President, Bev McIvor, notes there were 23 sales of single family homes for over $1 million. "The overall average price can be skewed higher due to sales at the high end of the market and while this is the first time that the median price for single family homes has topped $500,000, it’s important to note that nearly a third of single family homes last month sold for under $425,000." Meantime, McIvor added that the exceptional sales figures last month shows consumer confidence in the market remains very strong. "Total sales so far this year are running nearly eight percent higher than in the first six months of last year," said McIvor. The average price for all condominiums sold in June was $348,089; the average for the last six months was $316,226. The median was again lower at $275,500. The average price for townhomes last month was $406,606; the average for the last six months was $392,507. The median was $379,900. MLS® sales last month included 530 single family homes, 241 condominiums, 99 townhomes and 22 manufactured homes. There were 3,550 properties listed for sale on the MLS® system at the end of last month, up 13% from the 3,147 properties in the same month a year ago. Summary Report and Graphs Monthly Sales Summary Average Selling Price Graphs Active Listings, New Listings and Sales Graphs |
- Sales and Prices INCREASE in April 2007
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| Real Estate Sales and Prices Increase in April | May 1, 2007 |
Real estate sales remained strong throughout the Greater Victoria area in April while the sale of 28 single family homes over $1 million pushed the average price to a new record high. There were 898 sales through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®) in April, up 15% from the 780 sales in the same month a year ago. There were 833 sales in March of this year. Victoria Real Estate Board President, Bev McIvor, says the new record average price of $568,710 in April for single family homes in Greater Victoria must be viewed in context. "The sale of numerous high-priced homes in any given month can have a significant impact on the overall average price and it’s important to note that the median price for single family homes in April was considerably lower at $489,000; the six-month average was also lower at $538,534." McIvor noted that over 21% of single family homes in April sold for under $400,000. "The strong sales and robust prices that we are seeing so far this year are indicative of continued public confidence in the underlying strength of the real estate market," added McIvor. The average price for all condominiums sold in April was $318,601; the average for the last six months was $315,646. The median was again lower at $272,500. The average price for townhomes last month was $392,881; the average for the last six months was $386,172. The median was $352,500. The number of properties available for sale on MLS® continued to increase. There were 3,305 properties listed at the end of last month, up 26% from the 2,627 properties in the same month a year ago. MLS® sales last month included 522 single family homes, 238 condominiums, 71 townhomes and 18 manufactured homes. Summary Report and Graphs Monthly Sales Summary Average Selling Price Graphs Active Listings, New Listings and Sales Graphs |
- Price Reduced on 103-9919 FOURTH STREET in Downtown Sidney
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Downtown Sidney, Sidney - Announcing a price reduction on 103-9919 FOURTH STREET, a 800 sq. ft., 1 bath, 1 bdrm apartment "Ground level with SE patio". Now
MLS® #225705 $224,900 - Well Priced- Reduced.
Property information
- Price Reduced on 103-9919 FOURTH STREET in Downtown Sidney
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Downtown Sidney, Sidney - Announcing a price reduction on 103-9919 FOURTH STREET, a 800 sq. ft., 1 bath, 1 bdrm apartment "Ground level with SE patio". Now
MLS® #225705 $229,900 - Well Priced- Reduced.
Property information
- Victoria Real Estate Prices steady in February
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Real Estate Sales Increase Prices Steady in February  | March 1, 2007 |
The number of sales of homes and other properties throughout Greater Victoria jumped by 60 per cent in February. Prices, meantime, remained stable. There were 707 sales through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®) last month, up significantly from the 442 sales in January. There were 658 sales in February of 2006. The number of properties available for sale on MLS® continues to increase. There were 2,919, properties listed for sale at the end of last month compared to 2,320 properties in the same month a year ago. Victoria Real Estate Board President, Bev McIvor, says the strong volume of sales and robust prices are good news for both buyers and sellers. "The figures offer clear evidence of continued strength and confidence in the market. At the moment there is every indication that this stability will continue as we head into spring." McIvor added that the market offers a wide choice for buyers. "At the high end there were 17 single family sales of over $1 million in February but it’s important to note that over 25 per cent of single family homes sold for less than $400,000 and over 44 per cent of condominiums sold for less than $250,000." The average price of single family homes sold in Greater Victoria last month was $534,101; the average for the last six-months was $527,103. The median was lower at $472,000. The average price of all condominiums sold in February was $283,246; the average for the last six months was $305,635. The median was again lower at $263,750. The average price of townhomes sold last month was $387,281; the average for the last six months was $376,639. The median was $370,000. MLS® sales last month included 372 single family homes, 211 condominiums, 63 townhomes and 17 manufactured homes. Summary Report and Graphs Monthly Sales Summary Average Selling Price Graphs Active Listings, New Listings and Sales Graphs |
- Apartment For Sale in Downtown Sidney
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Immaculate Downtown Sidney Location
• 800 sq. ft., 1 bath, 1 bdrm apartment "Ground level with SE patio" -
MLS® #225705 $234,900 - Well Priced
Downtown Sidney, Sidney - Very spacious 800 sq. ft. one bedroom suite in beautiful Sidney by the Sea. This garden level home boasts a private patio with S.E. exposure to enjoy morning coffee, electric f/p in the living room, in-line liv/din. & in-suite laundry. Very roomy kit with plenty of cupboards & counter space plus an eating area. You won't be short of storage space either with oodles of closets and storage within the suite. All of this is just a short stroll to downtown Sidney, library, transportation & shopping.
Property information
- Apartment For Sale in Downtown Sidney
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Immaculate Downtown Sidney Location
• 800 sq. ft. apartment "Ground level with SE patio" - $234,900 - Well Priced
Downtown Sidney, Sidney - Very spacious 800 sq. ft. one bedroom suite in beautiful Sidney by the Sea. This garden level home boasts a private patio with S.E. exposure to enjoy morning coffee, electric f/p in the living room, in-line liv/din. & in-suite laundry. Very roomy kit with plenty of cupboards & counter space plus an eating area. You won't be short of storage space either with oodles of closets and storage within the suite. All of this is just a short stroll to downtown Sidney, library, transportation & shopping.
Property information