Welcome to Lorne Tuplin's Victoria Real Estate Web Site



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Thinking about buying or selling a home,
condo or townhouse in
Victoria, BC?
 


 
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Click here to have  Victoria area listings e-mailed to you daily.
 
If you want to search for your own home, I have set up a new search page. To go there Just click the icon 

Some areas in Victoria are very short of listings and homes in those areas sell very quickly.  Why not let me set up a daily search for you that sends out  ALL new listings immediately? Sign up by clicking the yellow area above and be the first to find the best! 


NEWS FLASH Outside Influences Impact Spring Real Estate Market in Victoria

A total of 688 properties sold in the Victoria Real Estate Board region this March, 25.9 per cent fewer than the 929 properties sold in March last year, but a 26.2 per cent increase from the month previous. The sales of condominiums were down 28.2 per cent from last year in March with 211 units sold. Single family homes were 30.8 per cent down from the year previous, with 337 sold this March.

"As we expected, March sales are tracking lower than in 2017," says Victoria Real Estate Board President Kyle Kerr. "This is likely due to a number of factors that have created hesitation in consumers, including recent heavy measures by the provincial government to reduce the value of home prices and the federal government's new mortgage qualification rules. Combine these factors with rising interest rates and you've got a housing market that is in transition due to outside influences. Every time there is intervention into a market, it takes a few months for the market to rebalance. With the continual changes of late from different levels of government, our market is experiencing a new cycle of ongoing uncertainty."

There were a total of 1,766 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of March 2018, an increase of 14.3 per cent compared to the month of February and 13.5 per cent more than the 1,556 active listings for sale at the end of March 2017. 

"Despite all of the above, we continue to see benchmark price increases across our market and demand persists - partly due to low inventory - but also because of our highly desirable location," adds President Kerr. "Specific areas and price points are experiencing varying pressure on price and demand - which creates micro-markets. We are still seeing multiple offers and above asking price sales in some segments. Active buyers in our market may see some relief as inventory is slowly growing. This showcases why it is important to work with your local REALTOR® in this transitioning market to ensure you have the most up-to-date information to make purchasing and selling decisions."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in March 2017 was $785,600, while the benchmark value for the same home in March 2018 increased by 9.4 per cent to $859,400, higher than February's value of $840,300. The MLS® HPI benchmark value for a condominium in the Victoria Core area in March 2017 was $409,700, while the benchmark value for the same condominium in March 2018 increased by 19.6 per cent to $490,000, which is higher than February's value of $472,600.

The graphic below shows market price activity for Single Family Homes in Greater Victoria over the past year

If you are considering buying or selling anywhere on the South Island,
call
Lorne Tuplin today 250-217-4600!

Thinking about moving to Victoria

As baby boomers continue to retire in ever increasing numbers and  people from Vancouver sell their multi-million dollar homes and relocate here, prices will continue to increase. There is no denying the incredibly strong pull to this Island Paradise!  

I offer you leading edge technologies for your upcoming real estate transaction, while at the same time provide you with First Class Service! 

 

Victoria BC


Victoria, British Columbia... what's not to like?!! With it's mild climate producing liquid sunshine in the winter in place of snow, it is becoming the destination of choice for Baby Boomers all over the world.

Victoria is a metropolitan City that has many residents of British descent, but is increasingly attracting buyers world wide. Even with the currency change with our closest neighbor, United States, it is little wonder that American citizens are still flocking to Victoria and buying luxury ocean front condominiums, view properties and ocean front estates. With prices on the rise, Victoria is expensive but not when compared with other top tourist destinations. Check out other international tourist destinations then look again at our prices and I think you will agree that there is a lot of room for increase yet!

Golf? You bet! There are many amazing golf courses in the South Island area. These include the ocean front Victoria Golf and Country Club, Olympic View with its waterfall backdrop on one hole and many others... most open all year long.

If you want a get away, check out one of our luxury hotels. Included are the Empress, Laurel Point and Delta Ocean Pointe all overlooking the inner harbour. Fine dining includes Hunter's Steakhouse, Chandlers on Wharf, The Marina in Oak Bay and Pescatore's Fish House, just to name a few. Attractions include the world renown Butchart Gardens, Royal BC Museum, Royal Wax Museum, Craigdarroch Castle and of course whale watching. This is not a boring one horse town, but you can go for a carrige ride through the streets!

If you are considering a move to the Victoria area, or if you are lucky enough to reside here already, you will find this site and it's newly re-created sister site at
www.houseseek.com  will provide you with all the information and resources you require... PLUS if you sign in, you can do your own map searches (Brand new technology!) Thank you for visiting! 
  

Serving Greater Victoria and area.  Call Lorne Tuplin for Langford Real Estate,  

Colwood Real Estate, Metchosin Real Estate, Sidney Real Estate,

  North Saanich Real Estate, Central Saanich Real Estate,

Saanich East Real Estate, Saanich West Real Estate,

 View Royal Real Estate,  Oak Bay Real Estate

Esquimalt Real Estate and Sooke Real Estate. 

Call Lorne Tuplin to buy or sell Victoria Homes,

 Victoria Real Estate, Victoria Condos,

Victoria Area Acreages, and  Victoria Area Waterfront & Water view homes

  RE/MAX Camosun, Victoria, British Columbia

 
 
 
 
Lorne Tuplin
Email Lorne
 
Phone: 250-478-9600
Toll-Free: 1-877-478-9600
Cell: 250-217-4600
Fax: 250-478-6060
Address: 101-791 Goldstream Ave
City: Victoria
Province: British Columbia  V9B 2X5

 

RE/MAX Camosun