Blog by Brenda Russell

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Oak Bay Real Estate Update

The number of properties available for sale in Victoria, BC last month declined to 4,477 but this was still 23 per cent higher compared to the 3,632 available properties in July of last year.  Please read my Victoria Market Update for a more indepth look at the Victoria Real Estate Market for the month of July. 
Oak Bay offers many different sections within this Municipality.  The Uplands is considered the most expensive area of Oak Bay and offers the Royal Victoria Yacht Club which is located at 3475 Ripon Road and the phone number is 250.592.2441 for more information.  Other beautiful areas within Oak Bay are the Henderson area, which is closest to the University of Victoria (UVIC), North Oak Bay, Estevan which is every close to Willows Beach, South Oak Bay which is where the Oak Bay Marina and Resturant, the NEW under contruction Oak Bay Beach Hotel and Victoria Golf Course are located.  The Gonzales area offers many homes with amazing ocean views!  Gonzales Beach is Victoria's Malibu with views to the Southwest of the Olympic Mountains in Washington State.  If you would like to see an ariel view of this area please watch this short video taken during my flying lesson.

During July, Oak Bay had 21 Single Family home sales.  The highest in the price range of $2,000,000 - $2,499,999 and there were five sales between $550,000. - $549,000.  Below is a graph showing you the reported sales by Price Range for Single Family Homes.

Aug2010Victoriasalesbypricerange

This graph below explains the reported sales by price range from the Victoria Real Estate Board for Condominiums in the Victoria and Oak Bay areas.  You can also see the 'current month' and 'year-to-date' totals.

Aug2010condosalesbypricerange

If there is anything i can help with please call me direct at 250.744.4556 my toll free number is 1.800.550.0585 - be happy to.  I grew up in Oak Bay and currently live in the Fairfield area.  Licensed for 20 years...and that's Oak Bay!  If you would like to follow me on Twitter - http://twitter.com/brussell6.  Please stay tuned for more updates.