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We are proud to announce that this Sunday, June 8, 2008, 2:30 PM to 4:00 PM we will be hosting an Open House at 124 Rendall Street in James Bay, James Bay, Victoria . This is an opportunity to visit this excellent House for sale in beautiful James Bay.
Please come with any questions you may have. In the meantime you can take a virtual tour of this James Bay House for sale.
As always please do not hesitate to give me a call at 250.744.4556 if I can answer any questions before the open house, or if you would like to book a private showing.
Brenda Russell
Royal Lepage Coast Capital Realty Oak Bay

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I just finished uploading this Land for sale, Lot #73 Kinnoull Crescent, Malahat & Area, BC

ATTENTION BUILDERS! A chance to build on the last lot in Mill Springs Village. Lot #73 (Seller has already paid the GST). All the Craftsman Style Homes on this street are finished except this lot that is now available! The side walk is already in...you don't have to listen to other neighbors build their homes because this is the only lot available from Phase 3...just build yours! Great opportunity in a development with a total of 12 phases planned. This is one of the largest lot sold in this phase - check it out now. A nice, Classic development. Approximately 45 minute drive from Victoria, BC.

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Victoria Real Estate Update May 2008

 

Today the Victoria Real Estate Board published their News Release outlining the activity for the month of May and comparing it to 2007.

More Choices Now Available for Home Buyers  

 

With a return to a balanced real estate market, home buyers in the Victoria area now have a much 

larger pool of properties from which to choose.  The number of properties available for sale 

increased to 4,332 in May – a 25 % increase over the same month a year ago and the highest level 

since June 1998. 

Victoria Real Estate Board President, Tony Joe, notes that despite this increase, prices and sales 

remain stable although the number of sales is down compared to a year ago.  “There was a total of 

770 sales of homes and other properties in May through the Victoria Real Estate Board’s Multiple 

Listing Service® (MLS®), virtually unchanged from the 768 sales in April but down from the 963 

sales in May of last year.  However, 2007 overall was an exceptional year with the highest number 

of sales since 1991.”  Joe noted that a significant number of new properties came on the market last 

month: “There were 1,850 new listings in May – the highest number for a single month in over 18- 

years”.  Joe added that 24 sales over $1 million had an impact on the overall average price of single 

family homes in Greater Victoria which last month was $601,897; the six-month average was 

$606,985 though median was considerably lower at $545,000.  There were also three sales on the 

Gulf Islands of over $1 million. 

The average price of all condominiums sold in May was $336,157; the average for the last six 

months was $333,208.  The median was again lower at $295,500.  The average price of all 

townhomes sold last month was $435,058; the six month average was $433,854. The median price 

was $394,900.  

MLS® sales last month included 470 single family homes, 168 condominiums, 71 townhomes and 

25 manufactured homes.  

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I just finished uploading this condominium for sale, 103 853 Selkirk Avenue, Victoria, BC.  This suite is very spacious showing off 1390 square feet.  All appliances are included (fridge, stove, dishwasher, washer and dryer).  Nicely updated with two wonderful sun rooms for your enjoyment.  Please read on for more information. 

 

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I just finished uploading this House for sale, 2507 Wootton Crescent, Oak Bay, Victoria, BC

Quiet convenience in Oak Bay's Henderson area. A well built solid family home combining the best characteristics of the 50's with the modern amenities. Coved ceiling, oak floors, wood burning fireplace plus the heated tile floors wanted today in the kitchen and bath. This home offers three bedrooms and one recently renovated bathroom up with a new one bedroom in-law accommodation down. A spacious lower level area with a generous ceiling height of 7'2" await your ideas for finishing or for comfortable storage. A large south facing backyard with fruit trees for the fun of seasonal picking and for year-round climbing joy. Close to schools, Oak Bay Recreation Centre, shopping, Parks, beach and buses yet tucked away for your families enjoyment.

2507 Wootton Crescent, Victoria, BC, Oak Bay

2507 Wootton Crescent, Victoria, Oak Bay, BC, Canada  

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I just finished uploading this home for sale, 990 Jenkins Avenue, Langford, Victoria, BC

A Great Langford location. Close to absolutely everything and walking distance to Belmont Senior High School. Four bedrooms, large spacious kitchen, vinyl windows and hardwood floors. In 2007 a modern bathroom with a relaxing soaker tub was completed as well as the sundeck, furnace and oil tank. Large 75 x 151 lot with a boat cover (area) and carport. The bus is very close for your convenience! This home has lots to offer and shows very well.

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I just finished uploading this 1 1/2 storey home for sale, 124 Rendall Street, James Bay, Victoria, BC

In James Bay village, at the intersection of Menzies, Simcoe and Toronto Streets (1 block west and 3 blocks southwest of the Fairmont Empress Hotel), you will find a government liquor store, a small shopping center with Thrifty Foods, a Starbucks, a barber, and so much more!  Below is a photo of the Parliament buildings located in James Bay!

Victoria Parlement Buildings

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OAK BAY REAL ESTATE UPDATE APRIL 2008

In Oak Bay, we had 31 home sales for the month.  Year to date we have had 79 single family home sales.  Prices started at the $525,000. - $549,999. range with one sale for April and all the way up to $2,000,000. - $2,999,999. showing 2 sales (happy to say one of those sales I helped negotiate...smile)  Sales in the $725,000. - $774,999. price range seemed to be popular showing 4 sales and finishing off with 7 sales in the $1,000,000. - $1,999,999. price range!

Condominium sales showed 6 sales for the month of April and 16 sales year to date.  One being in the $200,000. - $224,999. range another in the $250,000. - $274,999. range, 2 sales between $325,000. - $349,999. 1 sale between $350,000. - $374,999. and finishing off with a sale in the $525,000. - $549,999. price range.  I found this interesting.

Also, if you haven't discovered 'Charelli's' located at 2863 Foul Bay Road you may want to.  It is a fabulous Delicatessen, Cheese Shop and provides wonderful catering.  It is a very special and unique place in Oak Bay.  Today I purchased Onion Cheddar and Mango Stilton...Their web site is www.charellis.com and the phone number is 250.598.4794 - delicious! 

If you would like to discuss real estate in Victoria please call me and stay tuned for more updates.

 

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I just finished uploading this Condominium for sale, #607-827 Fairfield Road, Fairfield, Victoria, BC

A block from the Empress Hotel, Inner Harbour, shops and theatres, this delightfully bright, east facing, penthouse floor suite in "CityPlace" offers all the advantages of downtown living.  A spacious living/dining room with gas fireplace and a balcony overlooking St. Anne's Academy and the mountains beyond.  Custom built kitchen with granite countertops, stainless steel appliances and laundry.  One bedroom plus den.  9' ceilings.  Modern bathroom with glass door and soaker tub.  Wood flooring. A rare underground secure parking space and storage space.  Downtown parking! Wow.  Only 53 suites in this building.  Come and see if the cosmopolitan lifestyle suites you.

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The first quarter Survey of Canadian House Prices was released to media this morning.   The Survey finds that resilient local economies, high immigration levels, and relatively low interest rates led to enduring buyer demand and solid price appreciations in the first quarter.
 
The survey was mentioned on Breakfast Television and CHUM FM radio this morning.  Our spokespeople will be busy over the next day or two conducting interviews to generate publicity for the release and Royal LePage.   
 
 
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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.