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Open House. Open House on Saturday, June 22, 2024 1:00PM - 3:00PM
Hurry and See this lovely designer 3 bedroom and 3 bath Townhouse in the coveted Maplewood area, close to all amenities, schools, and parks! Unit by the mailbox at the end of the row. Lots

Please visit my Open House at 8 3440 Linwood Ave in Saanich.
Open House on Saturday, June 22, 2024 1:00PM - 3:00PM Hurry and See this lovely designer 3 bedroom and 3 bath Townhouse in the coveted Maplewood area, close to all amenities, schools, and parks! Unit by the mailbox at the end of the row. Lots of parking at the elementary school, and on the street.
This DESIGNER 3-bed/3-bathroom Haven offers a chic aesthetic bathed in natural light, courtesy of expansive windows, skylights, and elegant Hunter Douglas blinds. The Kitchen is a culinary dream, boasting quartz countertops, a sizeable island, and high-end tall cabinets. Wide plank flooring exudes quality, and the bedrooms are massive, complete with large closets and organizers. The lower bedroom and bath are perfect for a guest, or a Family room. Outside, a private deck invites relaxation, and a landscaped patio extends the living space. The garage and easy-access crawlspace offer excellent storage. Discover supreme convenience in the desirable Maplewood area with all levels of schools and shops, door-to-door transit, and beautiful parks within a 10-minute walk. Blenkinsop Valley farms, and the Cedar Hill Golf course and Rec Centre is nearby. This contemporary corner unit feels like Home and is a rare find - promising a harmonious blend of style AND function. Book your Showing today!
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Open House. Open House on Sunday, June 23, 2024 1:00PM - 3:00PM
Hurry and See this lovely designer 3 bedroom and 3 bath Townhouse in the coveted Maplewood area, close to all amenities, schools, and parks! Unit by the mailbox at the end of the row. Lots of

Please visit my Open House at 8 3440 Linwood Ave in Saanich.
Open House on Sunday, June 23, 2024 1:00PM - 3:00PM Hurry and See this lovely designer 3 bedroom and 3 bath Townhouse in the coveted Maplewood area, close to all amenities, schools, and parks! Unit by the mailbox at the end of the row. Lots of parking at the elementary school, and on the street.
This DESIGNER 3-bed/3-bathroom Haven offers a chic aesthetic bathed in natural light, courtesy of expansive windows, skylights, and elegant Hunter Douglas blinds. The Kitchen is a culinary dream, boasting quartz countertops, a sizeable island, and high-end tall cabinets. Wide plank flooring exudes quality, and the bedrooms are massive, complete with large closets and organizers. The lower bedroom and bath are perfect for a guest, or a Family room. Outside, a private deck invites relaxation, and a landscaped patio extends the living space. The garage and easy-access crawlspace offer excellent storage. Discover supreme convenience in the desirable Maplewood area with all levels of schools and shops, door-to-door transit, and beautiful parks within a 10-minute walk. Blenkinsop Valley farms, and the Cedar Hill Golf course and Rec Centre is nearby. This contemporary corner unit feels like Home and is a rare find - promising a harmonious blend of style AND function. Book your Showing today!
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Open House. Open House on Saturday, June 15, 2024 1:00PM - 3:00PM
Hurry and See this lovely designer 3 bedroom and 3 bath Townhouse in the coveted Maplewood area, close to all amenities, schools, and parks! Unit by the mailbox at the end of the row. Lots

Please visit my Open House at 8 3440 Linwood Ave in Saanich.
Open House on Saturday, June 15, 2024 1:00PM - 3:00PM Hurry and See this lovely designer 3 bedroom and 3 bath Townhouse in the coveted Maplewood area, close to all amenities, schools, and parks! Unit by the mailbox at the end of the row. Lots of parking at the elementary school, and on the street.
This DESIGNER 3-bed/3-bathroom Haven offers a chic aesthetic bathed in natural light, courtesy of expansive windows, skylights, and elegant Hunter Douglas blinds. The Kitchen is a culinary dream, boasting quartz countertops, a sizeable island, and high-end tall cabinets. Wide plank flooring exudes quality, and the bedrooms are massive, complete with large closets and organizers. The lower bedroom and bath are perfect for a guest, or a Family room. Outside, a private deck invites relaxation, and a landscaped patio extends the living space. The garage and easy-access crawlspace offer excellent storage. Discover supreme convenience in the desirable Maplewood area with all levels of schools and shops, door-to-door transit, and beautiful parks within a 10-minute walk. Blenkinsop Valley farms, and the Cedar Hill Golf course and Rec Centre is nearby. This contemporary corner unit feels like Home and is a rare find - promising a harmonious blend of style AND function. Book your Showing today!
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Open House. Open House on Sunday, June 16, 2024 1:00PM - 3:00PM
Hurry and See this lovely designer 3 bedroom and 3 bath Townhouse in the coveted Maplewood area, close to all amenities, schools, and parks! Unit by the mailbox at the end of the row. Lots of

Please visit my Open House at 8 3440 Linwood Ave in Saanich.
Open House on Sunday, June 16, 2024 1:00PM - 3:00PM Hurry and See this lovely designer 3 bedroom and 3 bath Townhouse in the coveted Maplewood area, close to all amenities, schools, and parks! Unit by the mailbox at the end of the row. Lots of parking at the elementary school, and on the street.
This DESIGNER 3-bed/3-bathroom Haven offers a chic aesthetic bathed in natural light, courtesy of expansive windows, skylights, and elegant Hunter Douglas blinds. The Kitchen is a culinary dream, boasting quartz countertops, a sizeable island, and high-end tall cabinets. Wide plank flooring exudes quality, and the bedrooms are massive, complete with large closets and organizers. The lower bedroom and bath are perfect for a guest, or a Family room. Outside, a private deck invites relaxation, and a landscaped patio extends the living space. The garage and easy-access crawlspace offer excellent storage. Discover supreme convenience in the desirable Maplewood area with all levels of schools and shops, door-to-door transit, and beautiful parks within a 10-minute walk. Blenkinsop Valley farms, and the Cedar Hill Golf course and Rec Centre is nearby. This contemporary corner unit feels like Home and is a rare find - promising a harmonious blend of style AND function. Book your Showing today!
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New property listed in SE Maplewood, Saanich East

I have listed a new property at 8 3440 Linwood Ave in Saanich.
This DESIGNER 3-bed/3-bathroom Haven offers a chic aesthetic bathed in natural light, courtesy of expansive windows, skylights, and elegant Hunter Douglas blinds. The Kitchen is a culinary dream, boasting quartz countertops, a sizeable island, and high-end tall cabinets. Wide plank flooring exudes quality, and the bedrooms are massive, complete with large closets and organizers. The lower bedroom and bath are perfect for a guest, or a Family room. Outside, a private deck invites relaxation, and a landscaped patio extends the living space. The garage and easy-access crawlspace offer excellent storage. Discover supreme convenience in the desirable Maplewood area with all levels of schools and shops, door-to-door transit, and beautiful parks within a 10-minute walk. Blenkinsop Valley farms, and the Cedar Hill Golf course and Rec Centre is nearby. This contemporary corner unit feels like Home and is a rare find - promising a harmonious blend of style AND function. Book your Showing today!
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Commentary on the Victoria Real Estate Market Report for May 2024

The latest market report from the Victoria Real Estate Board (VREB) offers a comprehensive overview of the current dynamics in the Victoria real estate market. In May 2024, a total of 763 properties were sold in the VREB region, reflecting a slight decrease of 1.5% from May 2023's 775 properties but marking a notable 12.5% increase from April 2024.

Market Stability and Increased Inventory

Laurie Lidstone, the 2024 VREB Chair, highlighted that May is typically a peak month for real estate activity in Victoria. This year, the market experienced a stable period for both buyers and sellers, primarily due to an increase in inventory. With 3,338 active listings at the end of May 2024, there was a significant 10.6% rise from April 2024 and a remarkable 52.5% increase from May 2023. This influx of listings provided consumers with more choices and time to make informed decisions, alleviating some of the pressure on pricing and contributing to relatively flat price trends.

Sales and Pricing Trends

Sales of condominiums declined by 5.2% compared to May 2023, with 235 units sold. In contrast, single-family home sales remained steady, matching last year’s figure of 399 sold properties. The MLS® Home Price Index (HPI) benchmark value for a single-family home in the Victoria Core saw a modest increase of 0.7% year-over-year, reaching $1,309,700 in May 2024. Similarly, the benchmark value for a condominium rose by 1.2% to $569,500, indicating a slight upward trend in property values.

Market Balance and Opportunities

The current market conditions reflect a balanced environment, a significant change from the previous years of imbalance. This balance is beneficial for both buyers and sellers, suggesting a favorable time for market participants to engage in real estate transactions. Lidstone advises prospective buyers and sellers to consult with their REALTORS® to develop tailored strategies that meet their specific needs.

Conclusion

The Victoria Real Estate Board's report underscores a period of stability and increased inventory in the Victoria real estate market. This environment provides a more relaxed atmosphere for buyers and sellers, fostering a healthier market dynamic. As always, the VREB recommends working closely with a local REALTOR® to navigate these conditions effectively.


If you would like to schedule a time to talk about what these stats mean for you as a buyer or seller, don’t hesitate to contact me.

Contact Marilyn

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I have sold a property at 13 129 Meridian Way in Parksville

I have sold a property at 13 129 Meridian Way in Parksville.
WOW. A Rare FREEHOLD HOME & LAND OPPORTUNITY UNDER $420,000 in Beautiful Parksville! NO Pad Fees - Just a small Strata Fee to maintain the road in this 55+ well-kept, private community. Step into YOUR OWN HOME... Enter the chic updated Kitchen with eat in-Nook and light-filled Living Room. New flooring and paint throughout, and a complete new bathroom update provides a lovely ambiance. Lounge in the huge covered Sunroom, and Relax. Handy persons will love the Detached Workshop, and Garden Shed. Low maintenance landscaping, crawl space storage, plus a private fenced backyard allow room for Fido, Hobbies, and Gardening galore. Newer Roof (per the last Owner), Vinyl Windows, Recently Upgraded and Re-Certified Electrical, and a newer oil tank with 20 yr warranty offers peace of mind. BONUS PARKING FOR YOUR RV? Near downtown Parksville Shops, Restaurants, Beaches, Medical and Business services. Call Your Agent, and Book a Showing to become a Home AND Property Owner Today!
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Categories:   Co Lagoon, Colwood Real Estate | Co Royal Bay, Colwood Real Estate | Co Triangle, Colwood Real Estate | CR Campbell River South, Campbell River Real Estate | CS Brentwood Bay, Central Saanich Real Estate | CS Hawthorne, Central Saanich Real Estate | CS Inlet, Central Saanich Real Estate | CS Martindale, Central Saanich Real Estate | CS Saanichton, Central Saanich Real Estate | CS Tanner, Central Saanich Real Estate | CS Turgoose, Central Saanich Real Estate | CS Willis Point, Central Saanich Real Estate | Du Cowichan Bay, Duncan Real Estate | Du East Duncan, Duncan Real Estate | Du Ladysmith, Duncan Real Estate | Du West Duncan, Duncan Real Estate | Es Esquimalt, Esquimalt Real Estate | Es Kinsmen Park, Esquimalt Real Estate | Es Old Esquimalt, Esquimalt Real Estate | Es Saxe Point, Esquimalt Real Estate | GI Salt Spring, Gulf Islands Real Estate | Hi Western Highlands, Highlands Real Estate | Isl Quadra Island, Islands Real Estate | La Atkins, Langford Real Estate | La Bear Mountain, Langford Real Estate | La Fairway, Langford Real Estate | La Florence Lake, Langford Real Estate | La Glen Lake, Langford Real Estate | La Goldstream, Langford Real Estate | La Happy Valley, Langford Real Estate | La Langford Lake, Langford Real Estate | La Langford Proper, Langford Real Estate | La Luxton, Langford Real Estate | La Mill Hill, Langford Real Estate | La Thetis Heights, Langford Real Estate | La Walfred, Langford Real Estate | Me Albert Head, Metchosin Real Estate | Me Kangaroo, Metchosin Real Estate | Me Metchosin, Metchosin Real Estate | Me Neild, Metchosin Real Estate | Me William Head, Metchosin Real Estate | ML Cobble Hill, Malahat & Area Real Estate | ML Shawnigan Lake, Malahat & Area Real Estate | Na North Jingle Pot, Nanaimo Real Estate | Na North Nanaimo, Nanaimo Real Estate | NS Ardmore, North Saanich Real Estate | NS Bazan Bay, North Saanich Real Estate | NS Curteis Point, North Saanich Real Estate | NS Dean Park, North Saanich Real Estate | NS Deep Cove, North Saanich Real Estate | NS Lands End, North Saanich Real Estate | NS McDonald Park, North Saanich Real Estate | NS Sandown, North Saanich Real Estate | NS Swartz Bay, North Saanich Real Estate | OB Gonzales, Oak Bay Real Estate | OB South Oak Bay, Oak Bay Real Estate | PQ Parksville, Parksville/Qualicum Real Estate | SE Arbutus, Saanich East Real Estate | SE Broadmead, Saanich East Real Estate | SE Cadboro Bay, Saanich East Real Estate | SE Cedar Hill, Saanich East Real Estate | SE Cordova Bay, Saanich East Real Estate | SE Gordon Head, Saanich East Real Estate | SE Lake Hill, Saanich East Real Estate | SE Lambrick Park, Saanich East Real Estate | SE Maplewood, Saanich East Real Estate | SE Mt Doug, Saanich East Real Estate | SE Quadra, Saanich East Real Estate | SE Queenswood, Saanich East Real Estate | SE Swan Lake, Saanich East Real Estate | Si Sidney North-East, Sidney Real Estate | Si Sidney North-West, Sidney Real Estate | Si Sidney South-East, Sidney Real Estate | Sk Broomhill, Sooke Real Estate | Sk East Sooke, Sooke Real Estate | Sk Silver Spray, Sooke Real Estate | Sk Sooke Vill Core, Sooke Real Estate | Sk Sunriver, Sooke Real Estate | Sk Whiffin Spit, Sooke Real Estate | SW Glanford, Saanich West Real Estate | SW Gorge, Saanich West Real Estate | SW Interurban, Saanich West Real Estate | SW Marigold, Saanich West Real Estate | SW Northridge, Saanich West Real Estate | SW Prospect Lake, Saanich West Real Estate | SW Royal Oak, Saanich West Real Estate | SW Rudd Park, Saanich West Real Estate | SW Strawberry Vale, Saanich West Real Estate | SW Tillicum, Saanich West Real Estate | SW West Saanich, Saanich West Real Estate | Vi Central Park, Victoria Real Estate | Vi Downtown, Victoria Real Estate | Vi Fairfield East, Victoria Real Estate | Vi Fairfield West, Victoria Real Estate | Vi Hillside, Victoria Real Estate | Vi James Bay, Victoria Real Estate | Vi Mayfair, Victoria Real Estate | Vi Oaklands, Victoria Real Estate | Vi Rockland, Victoria Real Estate | VR Hospital, View Royal Real Estate | VR Prior Lake, View Royal Real Estate | VR Six Mile, View Royal Real Estate | VR View Royal, View Royal Real Estate | VW Songhees, Victoria West Real Estate | VW Victoria West, Victoria West Real Estate | Z03 Chemainus, UI Duncan Real Estate | Z03 Duncan, UI Duncan Real Estate | Z03 Lake Cowichan/Honeymoon/Youb, UI Duncan Real Estate | Z03 Lake Cowichan/Honeymoon/Youb, Zone 03 - Duncan Real Estate
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.