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!

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.

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.

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.