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We have sold a property at 389 Lampson St in Esquimalt

We have sold a property at 389 Lampson St in Esquimalt.
Welcome builders, developers, and restorers! This home, built in 1921, is located minutes from both Macaulay and Saxe Point Parks. The main foyer opens to the bright living room, featuring a wood-burning fireplace. French doors lead into the formal dining room (currently a bedroom) with a second fireplace. There is a cozy family room beside the kitchen, and an eating area leading to the east-facing deck. The main floor also includes a 3-piece bath. Upstairs you will find 3 beds and a 4-piece bath. The undeveloped, walkout basement, while not full height, offers huge potential for creating additional living space. This well-loved property has been home to one family for 100 years. Updates have been completed over the years, and more work will be necessary to bring it to today’s standards. With 1900+ sf of developed space on the main and upper floors, as well as 1000+ sf on the lower level, this is a unique opportunity to create an amazing family home in a great neighbourhood.
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We have sold a property at 22 Camden Ave in View Royal

We have sold a property at 22 Camden Ave in View Royal.
Located in the heart of View Royal on a beautiful corner lot is this 1300+ sf split-level home with attached single-car garage offering plenty of space for your family, inside and out. On the main level you will find the open kitchen with newer stainless-steel appliances, living and dining areas as well as the primary bedroom and bathroom. On the upper level there are two more bedrooms with a shared bathroom. The lower floor features a large family room with wood-burning fireplace, as well as the laundry room and access to the garage. New carpets and laminate have been installed throughout the home. You can relax on the front porch or enjoy the hot tub on the lower deck. The fully fenced yard offers plenty of options for the gardening enthusiast, and space for the kids to play. This home is walking distance to Victoria General Hospital, the amenities of Eagle Creek Village and is just steps from the Galloping Goose Trail. Check it out today!
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New property listed in La Langford Proper, Langford

We have listed a new property at 212 2871 Jacklin Rd in Langford.
Check out this well-designed, 730+ SF condo located in the heart of Langford! The spacious entry opens onto the kitchen, which features SS appliances, quartz countertops, updated lighting, and an eating bar with additional undercounter storage. The open living/dining areas are perfect for entertaining. The large, carpeted primary bedroom has a walk-in closet, and access to the bathroom, which features heated tile floors. Just off of the entry you will find the full-sized washer & dryer, hot water tank, and extra storage space, as well as the 2nd bedroom (no window) that would also make a great den or home office. The balcony runs the width of the unit, providing 155 sq ft of outdoor covered space. The unit also has a heat pump to help you stay comfortable year-round. All of this is located within walking distance of DT Langford’s shops, cafes, and restaurants, or just a short drive from the many amenities of the Westshore Community.
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A total of 341 properties sold in the Victoria Real Estate Board region this January, 22.7 per cent more than the 278 properties sold in January 2023 and a 3.6 per cent increase from December 2023. Sales of condominiums were up 10.9 per cent from January 2023 with 112 units sold. Sales of single family homes increased 35 per cent from January 2023 with 162 sold.

“Our housing market eased into the new year with a renewed sense of balance,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “Sales were up slightly based off last year’s very low numbers, and overall, we saw the stabilization that we observed in late 2023 continue into 2024. Mortgage rates have levelled out, inventory is slowly creeping back up, and we are no longer in that highly pressurized market of recent years which created complicated and sometimes stressful conditions for buyers and sellers.”

There were 2,140 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2024, an increase of 0.4 per cent compared to the previous month of December and a 23.1 per cent increase from the 1,739 active listings for sale at the end of January 2023. 

“I think this balance and stability in our market brings with it an optimistic outlook for the coming months,” adds Chair Lidstone. “If balanced conditions continue, buyers and sellers will have more time to make decisions and there will be less pressure on pricing. Of course, there are many factors that impact the market here in Victoria, and as we’ve seen in the past things can change very rapidly. If you are considering selling or buying, connect with a local Realtor to identify where your opportunities are as we move towards spring.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in January 2023 was $1,224,000. The benchmark value for the same home in January 2024 increased by 1.6 per cent to $1,244,000 down from December’s value of $1,268,000. The MLS® HPI benchmark value for a condominium in the Victoria Core area in January 2023 was $562,200 while the benchmark value for the same condominium in January 2024 decreased by 0.6 per cent to $559,000, down from the December value of $562,000.

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New property listed in Es Saxe Point, Esquimalt

We have listed a new property at 389 Lampson St in Esquimalt.
Welcome builders, developers, and restorers! This home, built in 1921, is located minutes from both Macaulay and Saxe Point Parks. The main foyer opens to the bright living room, featuring a wood-burning fireplace. French doors lead into the formal dining room (currently a bedroom) with a second fireplace. There is a cozy family room beside the kitchen, and an eating area leading to the east-facing deck. The main floor also includes a 3-piece bath. Upstairs you will find 3 beds and a 4-piece bath. The undeveloped, walkout basement, while not full height, offers huge potential for creating additional living space. This well-loved property has been home to one family for 100 years. Updates have been completed over the years, and more work will be necessary to bring it to today’s standards. With 1900+ sf of developed space on the main and upper floors, as well as 1000+ sf on the lower level, this is a unique opportunity to create an amazing family home in a great neighbourhood.
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A total of 329 properties sold in the Victoria Real Estate Board region this December, 2.8 per cent more than the 320 properties sold in December 2022 and a 16.5 per cent decrease from November 2023. Sales of condominiums were up 14.9 per cent from December 2022 with 108 units sold. Sales of single family homes increased 1.3 per cent from December 2022 with 158 sold.

A grand total of 6,207 properties sold over the course of 2023, 8.77 per cent fewer than the 6,804 sold in 2022. 

“I’ve spoken a lot this year about our market’s return to traditional seasonal patterns,” said 2023 Victoria Real Estate Board Chair Graden Sol. “And at the conclusion of 2023 we can see that this trend continues. This is a welcome relief for sellers and buyers after an extraordinary five years of real estate market disruption. Everyone benefits from a more predictable real estate market, so it is encouraging to see the rhythm of seasonal trends reestablished. If this continues into 2024, we should see more inventory added in January and February and an increase in sales as consumers prepare for the spring market. True to seasonal form, December met expectations and was a slow month, both for sales and for new listings.”

There were 2,132 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of December 2023, a decrease of 19.4 per cent compared to the previous month of November but a 26.3 per cent increase from the 1,688 active listings for sale at the end of December 2022. 

“The single biggest impact on the housing market this year was interest rates,” added Chair Sol. “The increased cost of borrowing money meant that consumers had less purchasing power, which resulted in a drop in transactions. There is however still huge demand for housing in our market and as we move forward into 2024 and beyond, we need to continue to put focus on the creation of new supply so that as market activity increases prices don’t increase as quickly. The only way to moderate housing prices is to bring supply closer to meeting demand. As always, our market is subject to many influences and the purchase and sale process is complex. if you are contemplating buying or selling in 2023, call your favourite local Realtor who can create the best strategy for you and for your property.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in December 2022 was $1,236,500. The benchmark value for the same home in December 2023 increased by 2.5 per cent to $1,268,000, down from November’s value of $1,286,400. The MLS® HPI benchmark value for a condominium in the Victoria Core area in December 2022 was $565,800 while the benchmark value for the same condominium in December 2023 decreased by 0.7 per cent to $562,000, down from the November value of $577,400.

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We have sold a property at 204 1068 Tolmie Ave in Saanich

We have sold a property at 204 1068 Tolmie Ave in Saanich.
Offers a unique & amazing elevated 5000 sqft recreation area/greenspace only accessible to residents, that is so close it almost feels like your own backyard & has a BBQ area, a covered gazebo sitting space perfect for relaxing with friends, a garden to grow herbs/veggies & a big grassy area that feels miles away from the city. This lovely 2 bedroom, 2 bathroom suite has a large primary bedroom with a 4 piece ensuite bathroom & lots of closets, laundry with euro style washer & dryer, dining room with space for all your guests & a living room with a cozy fireplace. Outside is a 24ft long balcony with lots of room for friends. Just outside the suite & down one level is the storage room, almost like having your own basement with a bonus workshop area for projects. Secured parking with bike lockup. Peaceful neighbourhood, very central with everything just a short walk away & excellent bike & transit service. Well maintained & loved building with updated windows & roof and proactive council
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New property listed in La Happy Valley, Langford

We have listed a new property at 3347 Turnstone Dr in Langford.
OH Saturday, Dec 9 12 to 2pm. Located in the family-oriented neighbourhood of Happy Valley, this beautifully appointed home has much to offer. With 1500+ sf, 3 beds and 3 baths, this home has plenty of space for the growing family. On the main level, the bright open kitchen flows into the spacious dining and living areas, with 9’ ceilings throughout. Upstairs, you will find the generous primary, with an expansive walk-in closet, and ensuite with double sinks. The other two bedrooms have access to the 4-piece main bathroom, and the washer & dryer have their own space with additional storage. The garage has a high ceiling to accommodate overhead shelving for extra storage. This home is close to schools, with easy access to the Galloping Goose, and just a short drive to the many amenities of Belmont Market and Westshore Town Centre. This could be the home you’ve been looking for!
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Open House. Open House on Saturday, December 9, 2023 12:00PM - 2:00PM
Happy Valley Rd. to Tayberry Terrace, right on Turnstone Dr.

Please visit our Open House at 3347 Turnstone Dr in Langford.
Open House on Saturday, December 9, 2023 12:00PM - 2:00PM Happy Valley Rd. to Tayberry Terrace, right on Turnstone Dr.
OH Saturday, Dec 9 12 to 2pm. Located in the family-oriented neighbourhood of Happy Valley, this beautifully appointed home has much to offer. With 1500+ sf, 3 beds and 3 baths, this home has plenty of space for the growing family. On the main level, the bright open kitchen flows into the spacious dining and living areas, with 9’ ceilings throughout. Upstairs, you will find the generous primary, with an expansive walk-in closet, and ensuite with double sinks. The other two bedrooms have access to the 4-piece main bathroom, and the washer & dryer have their own space with additional storage. The garage has a high ceiling to accommodate overhead shelving for extra storage. This home is close to schools, with easy access to the Galloping Goose, and just a short drive to the many amenities of Belmont Market and Westshore Town Centre. This could be the home you’ve been looking for!
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New property listed in VR Hospital, View Royal

We have listed a new property at 22 Camden Ave in View Royal.
Located in the heart of View Royal on a beautiful corner lot is this 1300+ sf split-level home with attached single-car garage offering plenty of space for your family, inside and out. On the main level you will find the open kitchen with newer stainless-steel appliances, living and dining areas as well as the primary bedroom and bathroom. On the upper level there are two more bedrooms with a shared bathroom. The lower floor features a large family room with wood-burning fireplace, as well as the laundry room and access to the garage. New carpets and laminate have been installed throughout the home. You can relax on the front porch or enjoy the hot tub on the lower deck. The fully fenced yard offers plenty of options for the gardening enthusiast, and space for the kids to play. This home is walking distance to Victoria General Hospital, the amenities of Eagle Creek Village and is just steps from the Galloping Goose Trail. Check it out today!
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A total of 394 properties sold in the Victoria Real Estate Board region this November, a 2.6 per cent increase from the 384 properties sold in November 2022 and a 3.2 per cent decrease from October 2023. Sales of condominiums were down 11.8 per cent from November 2022 with 120 units sold. Sales of single family homes increased by 6 per cent from November 2022 with 193 sold.

“It’s unsurprising to see this slight relaxation of sales in the market,” said Victoria Real Estate Board Chair Graden Sol. “Given the current interest rate environment, our sales numbers are lower than long term averages, but the pattern of seasonality within those lower numbers is what we would expect for this part of the year. We have seen a healthy twenty-five per cent increase in the number of listings on market compared to last year and this is positive news as we recover from that long-term trend of very low inventory.”

There were 2,644 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2023, a decrease of 4.1 per cent compared to the previous month of October and a 25.2 per cent increase from the 2,111 active listings for sale at the end of November 2022. 

“The longer we are in balanced market conditions, the easier transitions for buyers and sellers become,” adds Sol. “Local people who planned to sell and move within the Greater Victoria area may have hesitated to list their homes back when record low inventory meant less choice when they became buyers. Now that we see some balance in the market, these people have more inventory to pick from and may feel more confident listing their existing home. And of course, all buyers are having better experiences with more time and more choice. We always anticipate a seasonal reduction in activity over winter, but if you are contemplating a move in the new year, now is an excellent time to consult with your favourite REALTOR® to create your strategy.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in November 2022 was $1,248,600. The benchmark value for the same home in November 2023 increased by 3 per cent to $1,286,400, which is down from October’s value of $1,305,900. The MLS® HPI benchmark value for a condominium in the Victoria Core area in November 2022 was $568,400, while the benchmark value for the same condominium in November 2023 increased by 1.6 per cent to $577,400, which is down from the October value of $585,600.

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We have sold a property at 3356 Merlin Rd in Langford

We have sold a property at 3356 Merlin Rd in Langford.
Discover your perfect Luxton family home! This 3-bed, 3-bath gem features 1,421 sq ft on a freehold title. Enjoy Telus security, solar panels for minimal bills, annual hydro savings, a serviced heat pump with remote control. Benefit from Telus wired fiber optic connection. Electrical/plumbing Set up for Central vacuum,garburator,automatic garage door to be connected. Fenced back yard with laneway parking, single car garage. Located in a family-friendly neighborhood with all amenities nearby. Walking distance to elementary school and Luton fairgrounds. Don't miss out on this modern, energy-efficient home! Schedule a showing today!All measurements done by VI Standard, to be verified if important. S
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.