The Amara - 1618 North Dairy Road, Victoria BC V8T 3V5. 3 Levels, 36 Units, built 2006, Crossing roads: Shelbourne Street and North Dairy Road.
Developed by Homewood Constructors, The Amara is a contemporary and stylish urban residence situated in the vibrant Cedar Hill neighbourhood of Victoria. Inside, the spacious one and two bedroom residences feature open-plan layouts, laminate flooring, premium appliances, wood grained cabinets, and electric fireplace. Large bdecks provide extra space for outdoor living.
Amara is conveniently located close to schools, shopping, medical facilities, and numerourecreational activities including the Hillside Mall, University of Victoria, Camosun College, St. Michaels University, Cedar Hill Recreation Centre, Cedar Hill Golf Course, and the Cedar Hill Squash Club.
Strata Sub Categories: Strata
Amara Technical Info
||1618 North Dairy Ave
||SE Cedar Hill
|Units in Development: ||36|
|Units in Strata:||36|
||Homewood Constructors Ltd.|
|Strata Plan Log-in
|Title to Land
|Contingency Fund $
||$133,000 as of (July 2015) |
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Victoria Real Estate Board Update
Victoria Real Estate Market Strong to the End of 2017
January 2, 2018 A total of 462 properties sold in the Victoria Real Estate Board region this December, 1.9 per cent fewer than the 471 properties sold in December last year.
A grand total of 8,944 properties sold over the course of 2017, 15.8 percent fewer than the record breaking 10,622 that sold in 2016. 2017 sales came in at 21.7 per cent over the ten year average of 7,349 properties sold.
"Early in 2017 we discussed how the Victoria area housing market would be different than the record breaking year we had in 2016 and that over the course of the year we'd probably see a gradual return to a more balanced market. We did see evidence of this change come early in the year, as multiple offers and rapid price increases leveled out," says Victoria Real Estate Board President Ara Balabanian. "However, the ongoing low inventory of properties for sale meant that buyers continued to experience competitive situations in high demand areas, and multiple offers were still a common occurrence as buyers negotiated in a tighter market. What we couldn't anticipate were outside factors such as changes to mortgage qualifying rules that may have pushed people into the market early. The pending mortgage stress test in particular is likely to have caused much of the increased activity we've seen in November and December."
There were 1,384 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of December 2017, a decrease of 21.5 per cent compared to the month of November and 7.3 per cent fewer than the 1,493 active listings for sale at the end of December 2016. This is the lowest level of inventory for the area in the month of December since the statistic was tracked in 1996.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in December 2016 was $753,900. The benchmark value for the same home in December 2017 has increased by 9.3 per cent to $823,800, and is slightly lower than November's value of $824,600.
"Overall, the low inventory and the continued interest in Victoria real estate meant that well-priced homes were quick to sell in 2017. Moving forward, we expect to see more inventory come into the market, which will continue to move us toward a more balanced state," adds President Balabanian. "We also expect housing prices to remain stable, without the increases we tracked in 2016, and anticipate steady slow growth. In markets like these, it's important to enlist the services of a REALTOR® to help you navigate what may be your largest transaction ever."
About the Victoria Real Estate Board - 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 1,374 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.
View our press release and summary here.
View our complete statistical package here.
Frank Rudge October 2017 VREB Report
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Frank Rudge Victoria Market Report for May 2017
Sales were down 22% for may over last year. Listings are up 12% from last year.