Blog by Brenda Russell

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Oak Bay Real Estate Update

OAK BAY REAL ESTATE UPDATE AUGUST 2008

In Oak Bay, Year to date we had 141 detached home sales.  Thirty four of those sales were priced from $1,000,000. - $2,000,000.

For the month of July we had 16 sales with the median price being $860,000.

Condominium Sales YTD reached 30 with 7 sales showing for the month of July.  The highest sale was between $975,000 - $999,000. which was back in January of this year (happy to say that I was part of this sale) located on Oak Bay Avenue.  There has been a NEW pre-sale in the month of August located at 1175 Beach Drive.  I believe this is the new 'Oak Bay Beach Hotel' site. Listing price of $995,000 with 1045 sq.ft. one bedroom plus den that overlooks the courtyard of water features and landscaping ground.

Town homes in Oak Bay YTD showed up as ONE between the $575,000. - $599,999. price range.

More information coming soon!