Open House: Sun 1-3. This award-winning, architectural masterpiece is perched on the rocks and surrounded by old growth forest and natural beauty. An abundance of natural light from the skylight that spans the length of the house and the multitude of large windows - recently upgraded to be among the highest rated for energy efficiency. Other improvements include: New heat pump and electric furnace, new roof membrane and insulation, new kitchen appliances, new Hunter Douglas thermal blinds and low flush toilets. Open-concept kitchen with teak cabinets and ceramic tile surfaces. Dining area overlooks the expansive backyard. Large living room with a wood insert fireplace. Outdoor highlights include a wrap around deck, ozone hot-tub, greenhouse and deerproof garden with greenhouse and fruit trees. Easy to view. Call Kevin at #250-217-5091 to arrange a personal showing.

Real Estate Sales Surge in February

Prices Remain Mixed

The number of homes and other properties sold throughout the Victoria surged in February compared to January and remained well above the number of sales in February of last year. A total of 621 homes and other properties sold in February through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), up from the 418 sales in January and 403 sales in February of last year. Prices for single-family homes and condominiums softened somewhat while prices for townhomes rose slightly.

Victoria Real Estate Board President, Randi Masters, says February’s figures demonstrate continued strength in the market. “There will always be month-to-month fluctuations in prices depending on what kinds of properties sell in a particular month, but the relatively high number of sales in February shows ongoing consumer confidence.” Masters added that February sales have now returned to historically more normal levels as a year ago the market was just beginning to emerge from the economic downturn. Masters noted that the number of properties available for sale again increased last month, “As of the end of February, there were 3,280 properties available for sale – up from 2,793 at the end of January but still down slightly from 3,844 properties for sale at the end of February a year ago.” Masters added that activity is particularly strong in the mid-price range with nearly 50 per cent of single-family homes last month selling for under $550,000.

The average price for single-family homes sold in Greater Victoria last month was $620,833 down from $644,678 in January. The median price also declined to $560,950. The six-month average was $620,174. There were 20 sales of over $1 million, including one sale on the Gulf Islands for over $2.5 million. The overall average price for condominiums was $304,163 last month, down from $313,337 in January. The average for the last six months was $320,376. The median price for condominiums in February declined to $285,000. The average price of all townhomes sold last month was $460,900 up from $453,013 in January. The median price rose to $430,000. The six month average was $453,440.

MLS® sales last month included 296 single family homes, 192 condominiums, 78 townhomes and 14 manufactured homes.

While the use of average price information can be useful in establishing trends when applied over a period of time, i.e. Six months or longer, the Victoria Real Estate Board cautions that an average price does not indicate the actual value of any particular property. Those requiring specific information on property values should contact a REALTOR®.

View this recently sold House or see all my home sales

Property Sales Ease in November

But Remain Well Above a Year Ago

The number of properties sold throughout the Victoria area last month eased compared to October but remained well over double the number of sales in November of last year. A total of 604 homes and other properties sold in November through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), down from the 742 sales in October but up more than 125 percent from the 268 sales in November of last year. Prices, meantime, increased somewhat for single family homes and townhomes.

Victoria Real Estate Board President, Chris Markham, says this has been a remarkable year of recovery for the real estate market, “Sales during the first eleven months of the year are running over 21 per cent higher than in the same period in 2008.” Markham noted there has also been a substantial decline in the number of properties available for sale, “As of the end of November, there were 2,973 properties available for sale -- down 33 per cent from November of last year and this has put some upward pressure on prices.”

The average price for single family homes sold in Greater Victoria last month was $617,987 up from $590,567 in October. Nineteen sales of over $1 million including one sale in North Saanich of over $3 million affected the overall average in November. The median price of single family homes sold was $555,000. The six-month average was $594,037. The overall average price for condominiums was $318,264 last month, down slightly from $322,349 in October. The average for the last six months was $318,014. The median price for condominiums in November was $285,000. The average price of all townhomes sold last month was $459,802 up from $438,058 in October. The median price rose to $423,000. The six month average was $440,563.

MLS® sales last month included 299 single family homes, 174 condominiums, 68 townhomes and 15 manufactured homes.

While the use of average price information can be useful in establishing trends when applied over a period of time, i.e. Six months or longer, the Victoria Real Estate Board cautions that an average price does not indicate the actual value of any particular property. Those requiring specific information on property values should contact a REALTOR®.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Townhouse for sale.

As always please do not hesitate to give me a call at #250-217-5091 if I can answer any questions before the open house, or if you would like to book a private showing.

Kevin Ramsay
Fair Realty

Please come with any questions you may have. In the meantime you can take a virtual tour of this Latoria Walk Single family home for sale.

As always please do not hesitate to give me a call at #250-217-5091 if I can answer any questions before the open house, or if you would like to book a private showing.

Kevin Ramsay
Fair Realty

Please come with any questions you may have. In the meantime you can take a virtual tour of this Townhouse for sale.

As always please do not hesitate to give me a call at #250-217-5091 if I can answer any questions before the open house, or if you would like to book a private showing.

Kevin Ramsay
Fair Realty

View this recently sold Single family home or see all my home sales

Please come with any questions you may have. In the meantime you can take a virtual tour of this Townhouse for sale.

As always please do not hesitate to give me a call at #250-217-5091 if I can answer any questions before the open house, or if you would like to book a private showing.

Kevin Ramsay
Fair Realty

Please come with any questions you may have. In the meantime you can take a virtual tour of this Latoria Walk Single family home for sale.

As always please do not hesitate to give me a call at #250-217-5091 if I can answer any questions before the open house, or if you would like to book a private showing.

Kevin Ramsay
Fair Realty

Mill Bay's preferred address! NEW Executive home boasts 4111 sqft w/Inlaw & 3-Car Garage, all on a private .45 acre Lot. RARE SPLIT LEVEL PLAN features cutting edge DESIGNER finishing and exacting attention to quality workmanship throughout. Grand Double Door Cathedral Entry welcomes you to an Open Concept Living, Dining and Kitchen areas w/vaulted ceilings, + an adjacent handy Home Office/Den and terrific Family/Media Room before discovering the Master Suite also on this floor. Upper Level boasts 2-large adjoining bedrooms sharing a Jack & Jill 5-piece Bath. Huge laundry & 3-car garage are at mid level before ample space on lower level with a Recrm, Inlaw Accom & Storage. Open Daily 12-4. Price incl GST. Verify measurements if important

Another Fabulous SENTINEL Ridge Home! With multiple roof lines & a stately frame entry, this fine home is very impressive. Situated on a large .32 acre corner lot, the exterior offers tastefully landscaped grounds complete with an inground sprinkler system & spacious aggregate driveway leading to a 3 Bay garage. Inside you will be delighted with the quality features this executive home has to offer. Stylishly designed rooms on the main floor are perfect for entertaining with high quality wood cabinetry & built-ins. A wet bar adjacent to the dining & living room is perfectly situated. The kitchen is designed for the chefs in the family with a generous walk-in pantry and stainless steel appliances. Open Daily 12-4. Price includes GST.

Another Fabulous NEW SENTINEL Ridge Estate Home with stunning water views, Mill Bay's finest location. Features include tiled foyer to the Great Room, vaulted ceilings, custom millwork & beautiful rich wood floors. Gourmet kitchen w/polished stone counters, stainless gas range, SXS fridge/freezer, dishwasher, microwave & range hood. Polished chrome fixtures in kitchen/bathrooms & satin chrome hardware on interior doors. Adorning the powder room is a lovely duo toned wood vanity with granite counter/vessel sink. Outdoors you will find a 22x20 deck & a professionally landscaped yard to be viewed from every window. Inground sprinklers & spacious double car garage! Buy before HST! Open Daily 12-4. Price incl's GST!

Beautiful NEW Craftsman Style Estate Home in Mill Bay's highly sought after SENTINEL Ridge! 3374 ft of Luxurious Quality, Spacious, Bright & Loaded w/all the cutting edge extras. HALF ACRE LOT w/rear lane access ideal for WORKSHOP. Main floor boasts an impressive tiled entry, office w/French doors, unique ceiling vaults, 3 fireplaces, gourmet kitchen w/quartz counters, skylights, island w/eating-bar & pantry. Entertain in spacious Living/Dining Rooms w/window seat & a Family area w/spectacular built-in cabinet work that surrounds a fireplace, w/space for large flat screen TV! Main floor Master Suite has window seat & luxury Ensuite! Finished Lower Level has Recroom, 2 Bedrooms & HUGE 23x21 Studio. Open house Daily 12-4. Price includes GST!

Open house daily 12-4. Price includes GST. Experience the luxurious quality & attention to detail of this Beautiful NEW Craftsman Style Estate Home in Mill Bay's stunning SENTINEL Ridge Development! Spacious 3157 sqft w/bright open floor plan is loaded w/all the cutting edge extras you've been wishing for...all on a HALF ACRE LOT w/rear lane access (Ideal for a WORKSHOP) Main floor boasts an impressive entry, den/office w/French doors, gas fireplace, large open-plan kitchen, living room, dining space & beautiful deck. Master BD on main floor w/gorgeous Ensuite! Lower Level has Rec room, 2 more Bedrooms, 4 piece bath & HUGE unfinished space for nanny suite or at-home business. This is the finest location Mill Bay has to offer.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Townhouse for sale.

As always please do not hesitate to give me a call at #250-217-5091 if I can answer any questions before the open house, or if you would like to book a private showing.

Kevin Ramsay
Fair Realty

Open house daily 12-4pm. Price includes GST! Buy now before the HST comes into affect.Stunning NEW Craftsman Style Estate Home in Mill Bay's highly sought after "SENTINEL Ridge Development" is sure to delight the most discerning buyer with it's LOCATION, QUALITY, BEAUTY & STYLE! 3316 sq.ft. of spacious, bright & loaded w/all the cutting edge extras you've been looking for....All on a HALF ACRE LOT w/rear lane access (Ideal for a WORKSHOP) Main floor boasts an impressive entry, den/office w/French doors, gas FP, large open-plan kitchen, living room, dining space & beautiful deck. Master BD on main floor w/sun deck access & gorgeous Ensuite! Lower Level has Rec room, Bedroom, 4 piece bath & HUGE unfinished space. Fully landscaped.

Property Sales Highest in 17 Years

for Month of September

The Victoria area real estate market showed signs of growing strength last month as property sales rose to their highest level for the month of September since 1992 accompanied by modest price increases for single family homes and condominiums. A total of 776 homes and other properties sold in September through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), up from the 764 sales in August and up nearly 50 per cent compared to the 512 sales in September of last year.

Victoria Real Estate Board President, Chris Markham, says the market has clearly recovered and now appears to be very stable, “The last seven months have shown a steady improvement in sales and price stability. It’s very encouraging when we look back over the past several years and see sales now exceeding typical levels for this time of year.”

There were 3,419 properties available for sale at the end of September, down 28 per cent from the 4,754 properties available in the same month a year ago. “We are now seeing some renewed upward pressure on prices as a result of the declining inventory,” noted Markham.

The average price for single family homes sold in Greater Victoria last month was $619,936, up from $596,498 in August. Markham noted that the average price was affected by 24 sales of over $1 million. “These included five sales of over $2 million, three in Saanich East, one in Victoria and one on the Gulf Islands which had a significant impact on the overall average price,” he stated.

The median price increased $10,000 to $550,000. The six-month average was $581,498. The overall average price for condominiums was $325,106 last month, up from $317,312 in August. The average for the last six months was $311,546. The median price for condominiums in September was $295,000. The average price of all townhomes sold last month was $441,966 down from $455,430 in August. The median price dropped slightly to $415,000. The six month average was $426,521.

MLS® sales last month included 437 single family homes, 197 condominiums, 79 townhomes and 15 manufactured homes.

While the use of average price information can be useful in establishing trends when applied over a period of time, i.e. Six months or longer. The Victoria Real Estate Board cautions that an average price does not indicate the actual value of any particular property. Those requiring specific information on property values should contact a REALTOR®.