Mimi Kates RealtorĀ®

Top Victoria Homes

Top Rated Agent Badge

Cell: 250-889-5553 |

Back to Blog
I have sold a property at 2161 Champions WAY.
Contemporary 4 bed family home on Beautiful Bear Mountain. Over 3000 sqft of very high quality finish & features including main level living, chef inspired gourmet kitchen w/quartz counters, maple cabinets, under counter lighting, high end Kitchen Aid appliance package including built in wall oven & gas cook top, heated floors in all bathrooms & mud room, mud room offers plenty of storage space, covered patio, living room wired for surround sound, heat pump, on demand HW, generous sized beds, master en-suite w/double vanity, large tiled shower & impressive soaker tub, 568 sqft double garage w/mechanical room. The high end modern finishes & bright open floor plan are sure to impress. 2-5-10 Warranty & Blinds Included.

Victoria Real Estate Market Inventory Edges Up, Sales Still Constrained

May 1, 2017 - "The numbers we saw in April are a further indication that the market is gradually moving towards a more balanced state compared to the record setting pace of 2016." says 2017 Board President Ara Balabanian.

A total of 885 properties sold in the Victoria Real Estate Board region this April, 31.2 per cent fewer than the 1,286 properties sold in April last year. The ten year average for sales in April is 772 properties.

"We are starting to see hints of a more traditional spring market. Local agricultural production has been delayed due to the late spring, and so has the local real estate market," adds President Balabanian, "More sellers listed their homes for sale over the month of April compared to the month previous."

There were 1,690 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of April 2017, an increase of 8.6 per cent compared to the month of March, but 34.8 per cent fewer than the 2,594 active listings for sale at the end of April 2016.

"Inventory is still low, which means that buyers may encounter multiple offer situations in some of the high demand areas - there is still more demand than supply," adds President Balabanian.

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in April 2016 was $684,900. The benchmark value for the same home in April 2017 has increased by 17.6 per cent to $805,100.

About the Victoria Real Estate Board - Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,360 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market.

View our press release and summary here.

View our complete statistical package here.

 

For More Information

Victoria Real Estate Board 
Denise Hogue, Communications Manager

Phone: 250-920-4652