I have sold a property at 5 1536 Middle RD.
First time in the market in 28 years! Great location minutes from the heart of Town, this little gem has it all with all amenities near by. Meticulously maintained and well looked after since new. The layout is perfect for one level living with 2 big bedrooms and a very generous full ensuite bathroom. The open concept layout and orientation of the home allow it to be showered in natural light. Rare offering at a great price, don't delay floor plans online!
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I have sold a property at 479 Phelps AVE in VICTORIA.
Bright & spacious family home in sought-after Thetis Heights! Located on a quiet street across from Thetis Lake Regional Park w/easy trail access to the lake. Sparkling 2721sf 5BR, 3BA home includes 2BR unauthorized suite on lower lvl. Large, landscaped, 7500sf/.17ac lot w/fenced+gated backyard, dbl garage & RV/boat parking, mins to Bear Mtn, Westshore Centre & 20mins to downtown. Leaded glass half light front door opens to bright cathedral entry. Ascend stairs to main living area where you will find entertainment size LR w/bay window overlooking parkland, large kitchen w/maple lam floor & adj DR w/patio door to expansive deck-perfect for BBQs. MBR w/wi closet & 3pc ensuite, 2 spacious BRs with picture windows & 4pc main BA. Lower:w/seperate entrance offers spacious LR w/bay window, huge kitchen & inline DR w/slider to private covered patio. Generous MBR w/views of lush backyard. 2nd BR & 3pc BA + laundry room w/newer Whirpool W/D. Beautifully maintained. A rare find & remarkable value
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I have listed a new property at 4491 Prospect Lake RD in VICTORIA.

This home is located in a quiet, low maintenance acreage minutes from town with fast, convenient access to the ferries, airport or major routes. The layout is open and naturally well lit with massive floor to ceiling windows over looking an expansive stone patio and natural pond which is a magnet for wildlife. This generously proportioned home is ideal for entertaining guests, with great access to the outdoor space, including a large wooden deck overlooking a mature garden and the stone patio overlooking the pond area. If movies or games are your thing, there is a full media room with 7.1 surround sound, a HD projector and massive screen all set up and ready to go. The walls and ceilings in this room are double sound proofed so late night gaming/ binge watching sessions shouldn’t disturb those sleeping upstairs. There is a self contained suite with washroom and shower, ideal for family or guests staying over or even accommodation for a semi-dependent family member. The home has been renovated throughout with top of the line updates. Including custom kitchen with granite counter tops. Ensuite shower with a full walk in shower/sauna, air jetted tub and two custom fitted walk in closets. The hardwood floors are a beautiful warm caramel tone and all tiled floors are electrically heated. This house was made for “Hygge” with two efficient wood burning fireplaces and a heat pump for those days you just don’t want to brave the rain for another log. There is plenty of space in the fully finished walk out basement to set up an office, home gym, man cave, workshop or whatever you can imagine. There is an extensive network of nature trails on this park like 5.4 acre property. The trails wind their way through mature cedars and Douglas firs with their roots nestled an understory of salal, Oregon grape, and sword ferns. This home is a nature lovers dream come true in so many ways. There is also plenty of room for parking vehicles and toys: boats, travel trailers, campers, etc. including a 20x14 car port that is high enough to accommodate a travel trailer.

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I have sold a property at 2811 Ronald RD in VICTORIA.
OPEN HOUSE Sat 14th 1-3pm: Fantastic Glen Lake home with lots of potential; Split-level entry; Main living Up has 3 beds; Open plan living/dining/kitchen and large deck; Down- 1 bed and family room with large laundry and workshop; Easy to convert to income suite! Great outdoor living spaces; Ideal for kids, with Galloping Goose trail across Sooke Rd for easy bike ride to Glen Lake, Westshore Center, and Colwood Corners.
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Happy new year!

 

We hope you all had an excellent 2017. Here at Island Homes Group, we had a fantastic and productive year. 

 

Here is a market update to bring you all up to speed for the new year.

 

During December 2017, 426 residential sales took place in Greater Victoria. This represented a drop from 628 units sold during November. However, a December drop in sales fits a regular pattern for home sales during previous winters (428 units sold in December 2016). Below you will find a chart of benchmark prices for different regions in Greater Victoria and beyond that illustrates comparative growth in single-family home price by region over the past 60 months.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three of the larger stories in local real estate last month were the introduction of the new mortgage stress test rules, assessment values, and the continued strength of the BC market.

 

Beginning January 1, the Office of the Superintendent of Financial Institutions implemented new rules for home buyers requiring that they be able to withstand either a rate increase of two percentage points higher than the mortgage they have been granted or the five-year posted rate (currently 4.99%). Moving forward, this rule could keep some new buyers out of the market and mean that other buyers purchase less expensive properties than they previously would have. However, many economists doubt the new rule will negatively affect what remains a historically strong market.

 

BC Assessment has released its figures for property values throughout the province, with values in Greater Victoria and the rest of Vancouver Island reaching historic highs. The British Columbia government has responded to these high values by increasing the qualification threshold for BC Home Owner Grants. This increase is geared to ensure that home owners who saw substantial rises in their home’s value are not excluded from the program. Additionally, home owners who disagree with the assessed value of their home have until the end of the month to dispute their assessment with the agency. However, experts recommend that one fully understand the assessment process and how their property figures into it before beginning the process. 

 

For the coming year, economists are predicting that their will be fewer home sales than 2017 or 2016, but that prices will continue to rise in what remains a stable market.  A main factor in British Columbia’s (and Canada as a whole’s) sustained property values continues to be British Columbia’s stature as a premier location for real estate investment and general desirability for residents.

 

That’s it for this month. We hope you all had an excellent holiday season and are excited for the new year!

 

As always, if you are interested in learning how the current market conditions affect you or your investments, would like a market analysis of your property, or if we can be of assistance in any way at all, please don’t hesitate to give us a call (250-886-8520) or send us an email (info@island-homes.ca).

 

Sincerely,

 

Island Homes Group

info@island-homes.ca

facebook.com/islandhomesgroup/

250-886-8520

4440 Chatterton Way

Victoria BC

 

V8X5J2

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