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Thank you to my wonderful friends and clients who made this possible, Rosemarie


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#306-1485 Garnet Road

Listed at $164,500

MLS#374938

 

Rosebank Gardens, YOUR BEST NEXT MOVE! - 55+ Independent Living. Suite 306 offers a spacious, sensible floor plan, skylight, in-suite full kitchen with double sink, open eastward views from the private balcony over a schoolyard/field, and a large in-suite storage room. Rosebank Gardens is a safe, independent living, community offering a shared lounge/dining room, guest suite, 24 hour staffing / security, coin-free laundry room across the hall from 306, activity room & First Alert response. The optional service package, $340/m for singles & $555/m for couples, provides weekly housekeeping and a daily 4 course meal. Enjoy the landscaped grounds in a quiet, convenient setting close to shopping and transportation. Small pets welcome!

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36123 Galleon Way

Listed at $195,000

MLS#374875

 

Leap into the Lake! Here's your opportunity to own a fabulous, elevated, 0.33 acre, lakefront building lot, on the sunny, South side of Buck Lake, Pender Island, BC. Lakefront use is exclusively for property owners around the lake. This is the primary water reservoir for the local area, so the water is clean and clear. There are even some trout to catch! Properties like this seldom come available in the Southern Gulf Islands. Located within walking distance to beach access in beautiful Shingle Bay and spectacular hiking trails in the Gulf Islands National Park Reserve. Municipal connections for sewer, water, hydro & cable available at the lot line! Let the dream begin!
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#313-3133 Tillicum Road

Listed at $189,000

MLS#374854

 

All Measurements need to be verified if important to the Buyer. Independent living in superb location with bus nearby; across from Tillicum Shopping Centre, Silver City Movie Theatre and most amenities. Very lovely, bright unit in a 55+ building with separate storage. Beautifully maintained complex offers a large social area for socializing, reading room, workshop, suite to rent for guests, wide hallways, spacious entrance, wheel chair access., controlled entry. This suite is currently tenanted.

 

 
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We're showing off our latest Magazine Ad soon to be published in the new "Business Publication" by Island Parent. 

If you haven't met them already, introducing our three beautiful daughters; Nicolia, Rhea and Alexis!: 

 

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March 1, 2017 -  A total of 675 properties sold in the Victoria Real Estate Board region this February, 12.6 per cent fewer than the 772 properties sold in February last year. 

"Last month we discussed how 2017 won't match 2016 in terms of huge sales numbers, due to many factors including the present lack of inventory," says 2017 Board President Ara Balabanian. "In spite of the low inventory the real estate market in Victoria is robust. The ten year average for sales in February is 542, so we are well within expected numbers for this time of the year with 675 properties sold. In fact, this February's sales are the second highest in the past ten years. It is also possible that our market may have been restrained over the course of the month due to something that is completely normal in many Canadian markets - the snow fall in the Victoria area certainly cancelled many open houses and may have put a damper on sales."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in February 2016 was $638,700. The benchmark value for the same home in February 2017 has increased by 21.3 per cent to $775,000. 

Inventory levels edged lower, with 1,537 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of February 2017, 40 per cent fewer than the 2,562 active listings at the end of February 2016. 

"The low number of homes for sale in our marketplace can put pressure on pricing," adds President Balabanian. "The good news is we have seen an increase in new listings this month over January. January saw 753 new listings, while February's count was 880. This time last year there were 1,160 new listings, so we'll be watching the numbers in March closely to see if more sellers decide to get into the market as spring arrives."

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 1,332 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.

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I did it! I drove across town one way to pick up keys and then had to drive across town the other way to deliver the keys plus housewarming gifts to my excited and happy buyers who have been waiting to move into their new home today!!! I saw many cars spinning out of control on my journey there and back, but I made it!!! It was so worth it!

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Victoria Real Estate Market Starts the Year with Fewer Listings and Above Average Activity

February 1, 2017 - A total of 478 properties sold in the Victoria Real Estate Board region this January, 11.3 per cent fewer than the 539 properties sold in January last year.

Inventory levels edged lower, with 1,516 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2017, 38.6 per cent fewer than the 2,471 active listings at the end of January 2016.

"The numbers we saw last year are not the new normal. We know that we are not going to see sales volumes this year that meet or beat last year's record breaking numbers," notes 2017 Board President Ara Balabanian. "When compared to the month of January's ten year average, which is 384 transactions, sales in January 2017 are nearly 25 per cent higher than average. The least active January we saw in the past ten years was in 2009 with 247 sales, and the most active was last year."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in January 2016 was $616,700. The benchmark value for the same home in January 2017 has increased by 24.4 per cent to $767,000.

"It's early in the year to make predictions," adds President Balabanian. "Over the last few decades, the historic cycle in Victoria is longer periods of stable activity and price followed by a rapid rise in activity and property values over a relatively short period of time. The coming months will provide us with a better idea of where we are in this cycle."
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#111- 1485 Garnet Road

Listed at $159,000

MLS# 373144

 

ROSEBANK GARDENS, YOUR BEST 55+ INDEPENDENT LIVING OPTION! This bright, south facing, wheelchair accessible, ground level suite opens through glass doors onto a lovely garden patio. Suite features including: full kitchen with double sink, spacious master & living room, higher ceilings, walk-in shower, & large in-suite storage room. Rosebank is a safe, independent living, community offering shared lounge/dining room, guest suite, 24 hour staffing / security, coin-free laundry room, activity room & First Alert response. The optional service package provides weekly housekeeping & a chef-cooked daily 4 course dinner. Enjoy the landscaped grounds in a quiet, convenient setting close to shopping and transportation. Small pets welcome!

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January 3, 2017, Victoria BC 

A total of 471 properties sold in the Victoria Real Estate Board region this December, 1.3 per cent more than the 465 properties sold in December last year.

Inventory levels edged lower than last year, with 1,493 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of December 2016, 40.7 per cent fewer than the 2,517 active listings at the end of December 2015.

"As we expected, 2016 broke records in terms of the number of properties sold in our area," notes Mike Nugent, outgoing 2016 President of the Board. "10,622 properties sold, which exceeds our previous high of 9,241 sales in 1991." 

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in December 2015 was $613,600. The benchmark value for the same home in December 2016 has increased by 23.6 per cent to $758,500.

"We expect sales to continue to be strong but we don't expect to see the phenomenal activity we saw in 2016 for 2017. Inventory continues to be low," adds President Nugent. "You can't sell something that isn't there. There is certainly an ongoing demand for properties. This is reflected in the fact that 25 per cent of sales this month sold over their asking price. The majority of these properties were in the up to $750,000 price point, so your average buyer will face a competitive market."

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We always look forward to this time of year! Gingerbread House Time! We love driving out to Santa’s workshop ( also known as the bakery), and picking up all the houses we have ordered.


 

Arriving at the bakery to see the large homes ready for pick up! 

 

 This year, being our third year, we had to do it in 2 trips and with 2 vehicles! The list keeps growing every year! 


 

 


Some of the houses along the wall!



Close up of a few houses at the bakery!



More homes ready for pick up!

 



Joy the Baker helping us put the houses in the car!


Joy, our lovely baker, made beautiful homes , both big and small this year, for our clients and friends to enjoy!



Joy in her Santa's workshop working on 25 small houses for us!



Joy decorating the small houses we ordered!
 

This past weekend Tom and I began our annual pop bys. We packed up the car, drove to a coffee shop and got ourselves fancy coffees with seasonal flavours.  (It is the only time of year we pick these coffees up.) We then turned on Christmas music in the car and drove around together delivering Gingerbread houses to clients and friends that we have done business with this past year!


About two thirds of the small & large houses waiting to be delivered!



Close up of some of the small houses!


It is always a delight to see everyone in their homes! Some showed us updates they have done, one family had a brand new baby for us to see and hold! Always exciting even when they are not at home. We then feel like elves! Fun! We got through about a third of them. We look forward to delivering the rest of them in the next couple of weeks!


 

Rosemarie & Tom ready to deliver the houses!


Season’s Greetings,

 

Rosemarie & Tom

 

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High Demand Continues as Inventory Shrinks in the Victoria Housing Market

 
A total of 599 properties sold in the Victoria Real Estate Board region this November, 4.5 per cent more than the 573 properties sold in November last year.
 
Inventory levels remain lower than last year, with 1,815 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2016, 38.5 per cent fewer than the 2,952 active listings at the end of November 2015.
 
"Our current housing market is in a strong cycle due to many factors, including our current positive economic conditions, baby boomers retiring here, millennial buying cycles, a low Canadian dollar keeping folks closer to home and our favourable living conditions," notes Mike Nugent, 2016 President of the Board. "These factors and others, in combination with ongoing low inventory mean demand for housing is up, particularly in those areas close to the core and amenities."
 
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in November 2015 was $608,600. The benchmark value for the same home in November 2016 has increased by 23.9 per cent to $753,800.
 

"Foreign buyers are another factor that affects our local housing market. The provincial government is considering implementation of a local tax on foreign buyers to ensure pressure on pricing from that source remains mitigated," adds President Nugent. "While October data shows an increase in foreign buyers into the Capital Regional District compared to previous months, their 6.3 per cent of property transfers indicate that these buyers are one factor in the marketplace. A much larger factor affecting affordability and availability right now is the lack of inventory. An effective method to address housing affordability issues could be through efforts to increase the supply of housing, either through adjustments to zoning or density."

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This picture, with Tom crouching in the foreground, is of the “Breakfast Club”. Rosemarie and Tom have been supporting and taking part in this club for the past couple of years. Our merry cohort of Realtors and professional colleagues provide and serve breakfast monthly at the Open Door facility on Pandora St. Today we served roughly 500 hot meals of scrambled eggs and sausages to the colourful, and very grateful, assortment of homeless and otherwise marginalized folks who came. 

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1550 Pearl Street

2 Bed, 2 Bath Single Family Home

Listed at $499,000

MLS#372041



OPEN HOUSE THURS Nov 17th 4-6PM & SAT Nov 19th 1-3PM! 

 

 

 

Rare opportunity to own this one level, 2 bed, 2 bath "Sweet Home with the Picket Fence" in the heart of Oaklands! Lovingly maintained by the owners since 1988, this home has a newer roof, gutters, hot water tank and exterior paint. The property is in immaculate condition! The interior includes: spacious bright living room with permitted wood stove; thermal windows; dining area with large picture window; sky lit kitchen with custom made wood cupboards & sky lit main bath with separate laundry/storage room. The master, extended in 1989 with permit, includes a 2 piece ensuite. Located on a quiet small street, one block from Oaklands School and a 5 minute stroll to the Hillside Shopping centre! Just awaiting your decorating ideas!

 

 

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Thank you to my wonderful friends and clients who made this possible, Rosemarie

 

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November 1 2016, Victoria, BC

A total of 735 properties sold in the Victoria Real Estate Board region this October, a single property more than the 734 properties sold in October last year.

Inventory levels remain lower than last year, with 1,938 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2016, 38.9 per cent fewer than the 3,170 active listings at the end of October 2015.

"We continue to see low inventory hindering sales in the local market," notes Mike Nugent, 2016 President of the Board. "Though our numbers are down from the record setting pace set this summer, the market is still moving quickly and is still very competitive for certain properties. High demand areas like Saanich and Oak Bay continue to see multiple offers and areas in the West Shore are also seeing sales over listed prices. In other areas, prices remain firm because of high demand and extremely limited inventory."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in October 2015 was $608,200. The benchmark value for the same home in October 2016 has increased by 24.1 per cent to $755,000.

"The federal government's change to mortgage lending rules has also impacted buyers," adds President Nugent. "Buyers that require mortgage insurance are able to qualify for significantly smaller mortgages than before the rule change and this is further limiting their options in a very restricted market. Some buyers have postponed their search in order to save up more of a down payment so they can work within these new limitations."

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4024 Gordon Head Road

Listed at $729,000

MLS#371288



OPEN HOUSE THURS, OCT 20TH 4:30 to 6:30! Fantastic opportunity to own an excellent family home with not one, but two mortgage helpers! This 1975 home has a full upper level complete with: a sky lit open concept kitchen/dining area with counter top stove and wall oven, brand new fridge, a den & balcony off the kitchen area, separate & spacious living room w/ fireplace, 3 bedrooms & 2 baths. The lower level has: 2 updated bedroom suites w/ 8’ ft ceilings & separate entry. Unit 1 rents for $1225 & unit 2 rents for $1160. Their leases are up in April 2017. The suites can change to a 1 & 3! Other great features include: 200 amph service, private, flat & fenced back yard w/ garden shed, 5 yr roof & parking for 4. Just a few blocks from UVIC!

 

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643 Cornwall Street

Listed at $699,000

MLS# 371252


 

Great opportunity to own a home in one of Victoria’s sought after neighbourhoods! First time on the market since 1990, this classic 1912 Fairfield home, renovated in 1991, including a lift to make a fully finished, 8', lower level, awaits your paintbrush, creative decorating and updating ideas both inside and out! The home features a bright, open concept kitchen with room for a central table or island that spills into a formal dining area & also opens to the back with a curving windowed stairway to a private deck & lower level that has great in law potential! Other features include: new roof, spacious sky-lit bathroom, fir floors, gas stove, pocket and French doors, 200 amp service, and large finished attic room. Located on a quiet, friendly street just a walk to schools, parks, Moss St. Market, downtown and all Fairfield amenities!

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#302-1485 Garnet Road

2 Bed, 2 Bath condo in 55 plus Complex

Listed at $209,000

MLS#370916

 

A rare opportunity to own one of the largest and most desirable suites in this beautiful 55+ complex! Excellent West facing Views! This bright top floor, 2 bed, 2 bath suite features a cathedral living room ceiling; entranceway skylight; spacious Master with walk in closet and en-suite; second bedroom off the living room (that could also serve as a den); in-suite storage; second bathroom; and west facing windows & balcony. Rosebank Gardens owner-residents enjoy a high level of autonomy & independence along with the comfort & security of 24 hour staffing, a daily 4 course supper, housekeeping & laundry services, first alert & more. Just a short stroll to the Nellie McClung Library, a choice of grocery stores, and all other amenities.

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http://bit.ly/14O2v5 Victoria Real Estate Market at a Standoff as Prices Remain Steady