Finlayson Reach - 1400 Lynburne Place, Langford, BC V9B 6T8, Canada. Strata plan number VIS6701 . Crossroads are Bear Mountain Parkway and Country Club Way. Finlayson Reach is 11 stories with 159 condominium units, built in 2008. Set high above ground level, this condo overlooks stunning ponds, fountains, and gardens. The interior includes granite countertops, hardwood flooring, ceramic tile backsplash and stainless steel appliances. The floor plan is open and airy with many windows. Maintenance fees includes Building Insurance, Caretaker, Garbage Pickup, Management, Water and Yard Maintenance. Nearby parks include Goldstream Provincial Park and Westshore Motocross Park. Nearby coffee shops include Mountain Bean Coffee Co., Bear's Den Coffee and Ice Cream Mountain. Nearby restaurants include Jack's Place Kuma Sushi, Jack's Place and Copper Rock Grill. Developed by Bear Mountain Master Partnership. Architecture by Zeidler Partnership Architects. Interior design by GordonnGordon Interiors Ltd.
Strata Sub Categories: Strata
Victoria Real Estate Board Update
Victoria Property Sales Continue Record Breaking Pace
September 1 2016, Victoria, BC
A total of 883 properties sold in the Victoria Real Estate Board region this August, an increase of 19.2 per cent compared to the 741 properties sold in August last year.
"August is a record breaker in more than one way. For the sixth consecutive month, we have a sales record with more sales than any other month of August on record,” says Mike Nugent, 2016 President of the Board. “We also have the lowest number of listings available for sale in an August than we’ve seen in the last twenty years. That lack of inventory will continue to put pressure on pricing. Sales would be even higher were there more inventory available for buyers to purchase. Regardless of the low inventory, it’s safe to say that by midSeptember we will have surpassed the number of sales for all of 2015, with four months remaining in the year."
Inventory levels remain lower than last year, with 2,094 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2016, 43.2 per cent fewer than the 3,688 active listings at the end of August 2015.
“As we saw last month, the expected seasonal slowdown continues as we move towards the autumn,” adds Nugent. “August tends to be the slower summer month, though the year-over-year sales numbers are very strong. This shows continued consumer confidence in the Victoria real estate market. It is early to determine a trend, but we don’t see any early indications that the foreign investment Property Transfer Tax implemented in Metro Vancouver has impacted sales to any extent in Victoria at this time.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August, 2015 was $603,200. The benchmark value for the same home in August 2016 has increased by 23.8 per cent to $746,900
About VREB – Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,283 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market.
Denise Hogue, Communications Manager - firstname.lastname@example.org, 250.920.4652
View our complete statistical package here and will be posted this afternoon on VREB.org.