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OPEN HOUSE: SATURDAY MAY 14TH 1-3PM

#317-1485 GARNET ROAD

LISTED AT $189,000

MLS#364798


 

Rosebank Gardens, YOUR BEST NEXT MOVE! - 55+ Independent Living. TOP FLOOR 2 bedroom. Unique 4 skylight suite with open kitchen creates a wonderful bright airy space. Private deck with courtyard views and large in suite storage area. Shared lounge, dining room, guest suite, 24 hour staff security, same floor laundry, optional service package provides weekly housekeeping, daily 4 course meal and First alert response. Lovely mature landscaped grounds in a convenient location close to shopping and transportation.

 

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May 2, 2016 Victoria, BC

A total of 1,286 properties sold in the Victoria Real Estate Board region this April, an increase of 53 per cent compared to the 840 properties sold in the same month last year.

Inventory levels remain lower than the previous year, with 2,594 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of April, 34 per cent fewer than the 3,945 active listings at the end of April 2015.

“We continue to see extraordinary interest in the Victoria and area housing market. Likely this is because the trends we reviewed last month continue – low mortgage rates, higher employment numbers, diversity of properties for sale and of course the growing international awareness that Victoria is an amazing place to live,” notes Mike Nugent, 2016 President of the Board. “The vast majority of Victoria buyers are from within the local Victoria marketplace. Last year 70.5 per cent of buyers were from Victoria, and this year in the first quarter we see 72.5 per cent of buyers from the area. We’ve also tracked a slight increase in Lower Mainland buyers. Reports from the first quarter of 2016 show that 8.2 per cent of buyers are from the Lower Mainland, and last year we counted 7.4 per cent.  It’s also noteworthy that we’ve seen a decrease in buyers from Alberta (last year we saw 5.7 per cent, this quarter we saw 3.9 per cent), a small increase in buyers from the US (from 0.8 per cent to 1 per cent) and an increase in buyers from Asia (from 0.7 per cent to 0.8 per cent this quarter).” 

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in April, 2015 was $581,700. The benchmark value for the same home in April 2016 has increased by 17.7 per cent to $684,900.

“If you are shopping for a home right now, there is a good chance that if you’re looking in a higher demand area (Victoria core, Saanich, Oak Bay) you may find yourself in a multiple offer situation when you go to purchase. This is because there are more buyers than homes for sale and so the market is more competitive than we’ve seen in years past,” adds Nugent. “As a consumer it may pay to get creative, consider types of property and locations you may have not originally identified. For example, condos and townhomes may be a great alternative for first time buyers. Some locations in the Victoria area are under slightly less pricing pressure, for example properties in the West Shore or Esquimalt area are close to amenities, share the same amazing weather as other nearby neighbourhoods. Working with a REALTOR® to create a purchase strategy will put you ahead of the game, and ensure you end up with the right property for you.”

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I just received this special gold award pin from the Victoria Real Estate Board for being in the top 10% in Victoria for 5 years! I have received two other pins in the past from the Board and every time, including this, the award has arrived in a Birks box and every time it has hit me emotionally. This time it seems to have really hit me  as this is a special award.  It makes me think of my mother. My mother grew up in Toronto and  for all my years as a child and teenager she worked in the financial district in a tall skyscraper for a well-established law firm. She was a “secretary” for a QC lawyer. She  worked pre and during the “Mad Men” era.  She loved Birks and identified that store with significance.  For many years my mother would receive a Christmas gift from her boss from Birks. It was always something special for the dining room. We loved watching her unwrap these beautiful gifts. They usually came with meticulously and elegantly put together layers of bows, paper,  boxes and tissue paper before even a hint of a gift was revealed. We all knew that mom loved Birks.  I remember going with my brother one year to buy her a Christmas gift. He knew exactly where to go and what to get. Trying to keep up to his pace he took me with him into Birks , pointed at the item bought it and was out of there in less than 5 minutes. I swear! He knew he couldn’t go wrong because it was from Birks. He was right. My mother loved that gift from him. I  know my mom would have seen this pin as special because it was made from Birks.  It brings tears to my eyes thinking about it! I miss her so much!  Here’s to you, mom!

 

 Rosemarie

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OPEN HOUSE: Saturday April 16th 2-4PM

#311-1485 Garnet Road

Listed at $159,000

MLS#363278



 

OPEN 2-4 SAT APR. 16- #311-1485 Garnet Rd YOUR BEST NEXT MOVE! The age 55+ owners/residents of Rosebank Gardens enjoy an exceptional & unique style of independent/community living! They own & manage their suite, the building, the facilities, & the services! Fees cover a daily chef-cooked meal, weekly housekeeping, 24 hour staffing, & building maintenance. Facilities include a large common/dining room, laundry on each floor, guest suite, & available parking. Nestled in a quiet, treed urban oasis, it's a walk to the library, groceries, & Univ. Mall. South facing #311 is a bright, premium, top-floor suite with skylight, large living room, cathedral ceiling in master, balcony overlooking the quiet garden, full open-concept kitchen, & large in-suite storage room. Rosemarie Colterman & Tom Oak Royal LePage Coast Capital Realty 250 592-4422

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Another Busy Month in the Victoria Real Estate Market

April 1, 2016 Victoria BC - The Victoria Real Estate Board today released its report on Multiple Listing Service® real estate activity in the Victoria area for the month of March 2016. 

A total of 1,121 properties sold in the Victoria Real Estate Board region this March, an increase of 52.7 per cent compared to the 734 properties sold in the same month last year.

Inventory levels remain lower than the previous year, with 2,618 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of March, 30.5 per cent fewer than the 3,769 active listings at the end of March 2015.

"I think the strong uptick in the market has surprised many of us! The business cycles of real estate are affected by economic drivers and it's clear that this cycle has all possible drivers running at top speed. Many different factors may be contributing to this activity," notes Mike Nugent, 2016 President of the Board. "Pent up demand from the slower years of 2008 to 2013, lower than historic mortgage rates, strong interest from out of town buyers, a buoyant economy that's attracting job seekers and the lifestyle and beauty that Victoria and area offers all contribute to the activity we've seen this year."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in March 2015 was $569,700. The benchmark value for the same home in March 2016 has increased by 16.4 per cent to $663,300.

"Though we represent a relatively small geographic area, there is variation in price and inventory in different neighbourhoods," adds Nugent. "Areas near the downtown core continue to see high demand for houses and condos, as do most areas in the Peninsula. The West Shore has also strengthened considerably but pricing remains lower than in the core because there has been more inventory to meet demand. Further out of town there has been less demand, but overall all areas have now strengthened in sales. More than ever I encourage buyers and sellers to connect with a local REALTOR® to develop a strategic approach in this fast moving market."

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We now have an accepted offer.


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#7=3650 Citadel Place

Listed at $629,000

MLS#360638



OPEN HOUSE: MAR 20th 1-3 Executive Town Home beautifully appointed, located in a quiet hill top neighbourhood! Gorgeous features incl:open gourmet kitchen w/ granite counters, gas range on eating bar/island; built-in convection & microwave; sun tubes; SS appliances; 9 ft ceilings; cherry hardwood flrs; in floor radiant heating; Large main-level master bed w/ sumptuous ensuite; forest/some ocean views. Main also has: formal dining room; gas fireplace; washer/dryer, patio in front; deck w/ woodland/some ocean views; BBQ gas hookup; double garage. Lower level: 2 large bedrooms w/ views, study/guest bed & large crawl space up to 6'4" high. Pet Friendly. Ideal for families w/ teenageers! New Royal Bay Sec. School/Com. Arts Center opening nearby!

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March 1, 2016 Victoria BC - The Victoria Real Estate Board today released its report on Multiple Listing Service® real estate activity in the Victoria area for the month of February 2016. 

A total of 772 properties sold in the Victoria Real Estate Board region this February, an increase of 42.4 per cent compared to the 542 properties sold in the same month last year.

Inventory levels are lower than the previous year, with 2,562 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of February, 26.4 per cent fewer than the 3,480 active listings at the end of February 2015.

"We continue to see the effect of supply and demand on the market," notes Mike Nugent, 2016 President of the Board. "Areas near the downtown core have limited inventory, with less new product coming on to the market. As a result we see more pressure on pricing there, and we see multiple offers. The West Shore and outlying areas have new housing developments coming into the market. Sales are brisk everywhere, but less competition is created in areas like the West Shore because of the area's ability to create supply to meet demand. We'll likely see more first time home buyers look to make purchases in outlying areas. The West Shore benchmark for a single family home right now is $432,600, which makes the area more affordable than the Victoria core, where the benchmark value is $200,000 more for a single family home."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in February, 2015 was $557,000. The benchmark value for the same home in February 2016 has increased by 14.7 per cent to $638,700.

"I'd highly recommend that sellers and buyers who are thinking of making a move in the future engage the services of a REALTOR®," adds Nugent. "Your Realtor can help navigate the decision-making process and ensure you have access to information and advice based on current market conditions. In a busy market like we see now, your Realtor's expertise can be the difference between a beautiful new home and a potentially frustrating and costly exercise."

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#7-3650 Citadel Place, Victoria

Listed at $629,000

MLS# 360638



OPEN HOUSE: MAR. 6th 2-4 Executive Town Home beautifully appointed, located in a quiet hill top neighbourhood! Gorgeous features incl:open gourmet kitchen w/ granite counters, gas range on eating bar/island; built-in convection & microwave; sun tubes; SS appliances; 9 ft ceilings; cherry hardwood flrs; in floor radiant heating; Large main-level master bed w/ sumptuous ensuite; forest/some ocean views. Main also has: formal dining room; gas fireplace; washer/dryer, patio in front; deck w/ woodland/some ocean views; BBQ gas hookup; double garage. Lower level: 2 large bedrooms w/ views, study/guest bed & large crawl space up to 6'4" high. Pet Friendly. Ideal for families w/ teenageers! New Royal Bay Sec. School/Com. Arts Center opening nearby!

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Thank you to my wonderful friends and clients who made this possible, Rosemarie

 

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#7-3650 Citadel Place

Listed at $629,000

MLS# 360638

 

 

OPEN HOUSE: Feb 28th 2-4 Executive Town Home beautifully appointed, located in a quiet hill top neighbourhood! Gorgeous features incl:open gourmet kitchen w/ granite counters, gas range on eating bar/island; built-in convection & microwave; sun tubes; SS appliances; 9 ft ceilings; cherry hardwood flrs; in floor radiant heating; Large main-level master bed w/ sumptuous ensuite; forest/some ocean views. Main also has: formal dining room; gas fireplace; washer/dryer, patio in front; deck w/ woodland/some ocean views; BBQ gas hookup; double garage. Lower level: 2 large bedrooms w/ views, study/guest bed & large crawl space up to 6'4" high. Pet Friendly. Ideal for families w/ teenageers! New Royal Bay Sec. School/Com. Arts Center opening nearby!

 

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#7-3650 Citadel Place, Victoria

MLS#360638

Listed at $649,000

 

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#7-3650 Citadel Place

Listed at $649,000

MLS#360638



An Executive Town Home beautifully appointed, located in a quiet hill top neighbourhood! Gorgeous features include: open gourmet kitchen with granite counters; gas range on eating bar/island; built-in convection & microwave; sun tubes; Stainless Steel appliances; 9 ft ceilings; cherry hardwood floors; in floor radiant heating; Large main-level master bed with sumptuous ensuite; forest & some ocean views. Main also has: formal dining room; gas fireplace; washer/dryer, patio in front; deck with woodland & some ocean views; gas hook up for BBQ; double garage. Lower level has two large bedrooms with views, study/guest bed & large crawl space up to 6'4" high. Pet Friendly. Also, ideal for families with teenageers! New Royal Bay Sec. School/Community Arts Center opening nearby!

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Thank you to my wonderful friends and clients who made this possible, Rosemarie

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3111 Washington Avenue

Listed at $499,000

MLS# 359230


 

OPEN HOUSE: Sat 2-4 This 1917 Character home has undergone recent renovations & updates including a great 2 bedroom suite! Other fabulous features include: a large renovated kitchen w/ concrete counters, Italian ceramic floors, new backsplash, pot lights, eating area & French doors leading to back deck; Main 4 piece bath w/ Slate floors, washer & dryer & Claw soaker tub; gorgeous refinished wood floors on main floor; tiled entrance way, new carpet upstairs, large west facing Master, newly refurbished front porch, large back deck, & speaker system. Interior & exterior just professionally painted! The recently built suite rents for $1000/month & has: good height; 2 large bdrms; full bath, kitchen, living rm; W/D. Close to town & Goose Trail!

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February 1, 2016 Victoria BC - The Victoria Real Estate Board today released its report on Multiple Listing Service® real estate activity in the Victoria area for the month of January 2016. 

2016 started with the busiest month of sales in January since 2002. A total of 539 properties sold in the Victoria Real Estate Board region this January, an increase of 53.6 per cent compared to the 351 properties sold in the same month last year.

Inventory levels are lower than the previous year, with 2,471 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January, 24.7 per cent fewer than the 3,283 active listings at the end of January 2015.

"Though the ongoing count of properties for sale is low, the number of new listings entering the market is close to what we saw last year," notes Wendy Moreton, 2016 president of the board. "The recent month of January saw 934 new listings, where last year we saw 1,027. The good news for buyers is that there are new properties for sale every day. The good news for sellers is that there appears to be more buyers in the market, so well-priced properties in high demand areas (like the Victoria core) are swift sellers."

"Last year we saw the traditionally busy spring market start early as sales picked up over February and March," adds Moreton. "This year that spring market may be starting even earlier, as our sales numbers for January are close to the numbers we saw last February. We'll watch this trend over the next few months. This busy market is the perfect time to enlist the help of your local REALTOR®. Realtors have access to up-to-date trends for all the different markets across the Greater Victoria area and can best assist buyers and sellers to navigate this exciting market."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in January, 2015 was $561,600. The benchmark value for the same home in January 2016 has increased by 10.2 per cent to $618,600.

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3111 Washington Avenue, Victoria

Listed at $499,000



This 1917 Character home has undergone recent renovations & updates including a great 2 bedroom suite with bamboo cabinets in kitchen, berber carpets and more built by the current sellers! Other fabulous features include: a large renovated kitchen w/ concrete counters, Italian ceramic floors, new backsplash, pot lights, eating area & French doors leading to back deck; Main 4 piece bath w/ Slate floors, washer & dryer & Claw soaker tub; gorgeous refinished wood floors on main floor; tiled entrance way, new carpet upstairs, large west facing Master, newly refurbished front porch, large back deck, speaker system; & the interior and exterior have been freshly professionally painted! The suite rents for $1000/month & inclds: good height; newly renovated kitchen & bath; newer carpet; washer & dryer! Close to town & Goose Trail!

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http://bit.ly/14O2v5 Victoria Real Estate Market at a Standoff as Prices Remain Steady