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New property listed in Saanich East

I have listed a new property at 3880 Synod Road in Victoria.
Custom built, state of the art energy efficient contemporary home, in an exclusive quiet, tucked away and coveted enclave where homes rarely become available. Perched up high boasting expansive views from all living spaces including a stunning rooftop patio with unparalleled views towards Mt. Baker; perfect for entertaining. This Executive Home is exceptionally detailed with high-end luxurious fittings & fixtures including floor to ceiling triple-paned windows, custom elevator, a floating staircase, electric solar blinds, radiant heated stamped concrete flooring, heat pump, LED lighting & audio throughout. Gourmet kitchen with stainless appliances, quartz countertops, sit-up bar and dining area with access to a private west facing patio. A stunning Master bedroom boasts a spa-like en-suite & oversized shower and tub with views. This gorgeous ultra-modern green home, with beautiful gardens, pond with flowing waterfalls, attached garage plus a detached garage/workshop, is sure to impress.
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New property listed in SE Cedar Hill, Saanich East

I have listed a new property at 3880 Synod Rd in Saanich.
Custom built, state of the art energy efficient contemporary home, in an exclusive quiet, tucked away and coveted enclave where homes rarely become available. Perched up high boasting expansive views from all living spaces including a stunning rooftop patio with unparalleled views towards Mt. Baker; perfect for entertaining. This Executive Home is exceptionally detailed with high-end luxurious fittings & fixtures including floor to ceiling triple-paned windows, custom elevator, a floating staircase, electric solar blinds, radiant heated stamped concrete flooring, heat pump, LED lighting & audio throughout. Gourmet kitchen with stainless appliances, quartz countertops, sit-up bar and dining area with access to a private west facing patio. A stunning Master bedroom boasts a spa-like ensuite & oversized shower and tub with views. This gorgeous ultra-modern green home, with beautiful gardens, pond with flowing waterfalls, attached garage plus a detached garage/workshop, is sure to impress.
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Not enough growth in inventory numbers means spring market sales slow

May 1, 2023  A total of 637 properties sold in the Victoria Real Estate Board region this April, 22.7 per cent fewer than the 824 properties sold in April 2022 but an 8 per cent increase from March 2023. Sales of condominiums were down 21.8 per cent from April 2022 with 205 units sold. Sales of single family homes decreased 19.4 per cent from April 2022 with 325 sold.

"Sales numbers for this April are more moderate than the higher levels we've seen in recent years," said Victoria Real Estate Board Chair Graden Sol. "We are in a familiar market pattern, where the majority of sales for the year occur in the spring. While we've seen an increase in sales over the previous month, we're not expecting a return to record setting activity. Our inventory levels continue to be very low and new properties are slow to come onto market. More inventory is needed to balance the supply against spring demand. The good news is that prices have stabilized for now. If listings do not pick up over this season, there is a risk that the price stabilization could turn and we could see prices increase."

There were 2,043 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of April 2023, an increase of 3.7 per cent compared to the previous month of March and a 49.7 per cent increase from the 1,365 active listings for sale at the end of April 2022.

"Though we are seeing multiple offers in our market, these situations are dependent on a number of factors including price, competition, area, condition of home, etc.," adds Sol. "This means sellers should seek clarity on what to expect during their transaction as this spring market continues to evolve. Overall, consumer confidence in the market has returned. Accurately priced homes are selling quickly and close to list price. Your REALTOR® can help you understand the pulse of the market should you be contemplating buying or selling this spring."

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