We have sold a property at 1211 Ashmore Terr in Langford

We have sold a property at 1211 Ashmore Terr in Langford.
Welcome to Latoria Terrace. The updated Care Award winning ‘Richard’ was designed for growing families. The open concept main floor living area is complemented by a separate family room offering parents the ability to keep the clutter tucked away while keeping the kids nearby. An expanded kitchen features a larger island. Indoor and outdoor living is blurred in the Richard, with covered patios front & back. The natural topography of the lots allow for a large kid-friendly backyard on the same grade as the main level living area. With over a dozen closets, the Richard design places an importance on useable storage space. Laundry and three bedrooms are located on the upper floor. The master bedroom retreat beckons with vaulted ceiling, two walk-in closets, freestanding soaker tub, and separate water closet. The finished lower level includes a fourth bedroom and additional bath for the main house, and a well-appointed one-bedroom legal suite with very private entry. Price includes GST.

We have sold a property at 955 Lobo Vale in Langford

We have sold a property at 955 Lobo Vale in Langford.
FREEHOLD TOWNHOME with no strata Fees! This beautifully designed 1300+ sf 3-bedroom, 2-bathroom home is located in Happy Valley. The upper floor features an open floor plan. The kitchen has a large island that provides additional counter space and flows naturally to the dining area. The living room features a cozy electric fireplace, and opens onto the front balcony. On the main level, you will find a bedroom and bathroom: perfect for guests or extended family. At the rear of the home, you will find the perfect south-facing oasis, with a patio and easy, low-maintenance yard. This home has a heat pump, as well as plenty of extra storage throughout, including in the double garage, which has 11’ ceilings. You are a short drive to the amenities of Belmont Market and Westshore Town Centre. Check out this home today!

We have sold a property at 409 1101 Hilda St in Victoria

We have sold a property at 409 1101 Hilda St in Victoria.
Welcome to this beautifully updated top floor, corner suite in the heart of Cook Street Village. Every room in this 2 bed, 2 bath, 1000+ sf condo has been redone, creating bright welcoming spaces. The main and ensuite bathrooms have been completely renovated, as has the kitchen. The primary and second bedroom both have abundant closet space. There is new flooring throughout, including in the sunroom, making it feel like a natural extension of the living room. There is also a great balcony off the dining area where you can enjoy the fresh air while drinking your beverage of choice. Proximity to all the great coffee shops, restaurants and amenities of Cook Street village makes this condo a true gem. Grab a coffee and stroll down to the beach at Dallas Road. This home is ready for you today!

We have sold a property at 300 595 Latoria Rd in Colwood

We have sold a property at 300 595 Latoria Rd in Colwood.
Heron’s Landing is situated in a natural setting, walking distance to Olympic View Golf Course, Red Barn Market, Latoria Creek Park, and just a short drive to the new amenities of The Commons in Royal Bay. The developer spared no expense in design or finishing details to make this one of the best condo complexes in the area. With more than 1300 sq. ft. of bright open living space, this 2-bed, 2-bath, top-floor corner unit has 2 parking stalls and a separate 5’x10’ storage locker. Features include 9’ ceilings, upgraded Hunter Douglas blinds, engineered hardwood in the main living areas, and heated tile floors in the kitchen and bathrooms. There are SS appliances, quartz countertops, eating bar, plenty of cupboard space, and a large pantry. The main bathroom has a soaker tub and stackable washer-dryer. The primary bedroom boasts a walkthrough closet, complete with organizers, leading to a spacious ensuite with a large walk-in shower. Heron’s Landing is a unique oasis in the West Shore!

New property listed in Es Saxe Point, Esquimalt

We have listed a new property at 389 Lampson St in Esquimalt.
Welcome to this multi-generational, one-family home, located minutes from both Macaulay and Saxe Point Parks. Built in 1921, the charm and character from that era can be seen throughout the entire property. Just off of the main foyer is the large, bright living room, which features a wood-burning fireplace. French doors lead into the formal dining room with a second fireplace. (This space is currently set up as a bedroom.) There is a cozy family room beside the kitchen, and eating area that leads to the east-facing deck. The main floor also includes a 3-piece bathroom. Upstairs you will find 3 bedrooms and a 4-piece bathroom. The undeveloped, walkout basement, while not full height, offers huge potential for creating additional living space. If you are looking to create a family home in a great neighbourhood, this might be the one!

Victoria real estate market needs better mix of housing supply to help restore balance

A total of 544 properties sold in the Victoria Real Estate Board region this August, 13.8 per cent more than the 478 properties sold in August 2022 and an 8.6 per cent decrease from July 2023. Sales of condominiums were up 10.8 per cent from August 2022 with 164 units sold. Sales of single family homes increased 9.6 per cent from August 2022 with 273 sold.

“Real estate activity this month reflected what we’d expect to see in an average late summer housing market,” said Victoria Real Estate Board Chair Graden Sol. “The beginning of the month was reasonably slow, and sales ramped up through the last half of the month. The brisk sales pace leading up to the end of August may very well continue into September.” 

There were 2,490 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2023, an increase of 2.9 per cent compared to the previous month of July and a 16.5 per cent increase from the 2,137 active listings for sale at the end of August 2022. 

"The focus in our market and by all levels of government needs to be on opening up more supply," Sol notes. "Our inventory levels, though up from last year, are still too low to support a well-balanced market. A decade ago, we saw over 5,000 active listings in August. Another important piece of supply is the housing mix that is available. Most residential properties for sale in our market last month were single family homes – this type of property is generally at the top price point. Missing middle homes, such as townhomes and condos represented only 37.1% of listings for sale. Townhomes, which in my experience are what a lot of families hope to purchase, represented only 9.8% of the residential properties for sale. This imbalance in the mix of housing options means there is the potential for more price pressure on these types of properties because demand is concentrated at more attainable price points."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August 2022 was $1,327,700. The benchmark value for the same home in August 2023 decreased by 0.3 per cent to $1,323,900, which is up from July’s value of $1,318,800. The MLS® HPI benchmark value for a condominium in the Victoria Core area in August 2022 was $583,700, while the benchmark value for the same condominium in August 2023 decreased by 0.3 per cent to $582,000, which is up from the July value of $578,000.

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.