165 Beach Drive, Oak Bay, Victoria, BC
I just sold this House at 165 Beach Drive, Oak Bay, Victoria, BC .
Market Update for the first quarter:
Victoria real estate professionals were busy this first quarter as market demand pushed Victoria homes sales up from the previous year. The first quarter average home prices were up a robust 16 percent from the same period in 2009, reaching a first quarter average selling price of $633,150. (in Victoria not Oak Bay) "There has also been a significant volume of sales in the first quarter, with over 1,800 property transactions taking place, which is a significant increase over the 1,252 properties sold during the same period last year," notes Carol Guertz, president of Royal LePage Coast Capital Realty. There were 954 single-family homes, 499 condominiums and 215 townhomes sold this first quarter. In the last two weeks REALTORS® have noticed a shift in the market. A large listing inventory now and an increase in mortgage rates have slowed the pace down and we are now seeing alot of price adjustments in this second quarter.
If you would like to talk with an experienced REALTOR® please call my direct line at 250.744.4556 in confidence or twitter at http://twitter.com/brussell6. I look forward to hearing from you and stay tuned for more updates!
Below is a view of the Oak Bay Marina along Beach Drive...