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The Residences at Utopia

2871 Jacklin Ave


Langford, V9B 5R8 LA0490 - La Jacklin

Official Website: utopiacondos.ca Marketers Website: www.thecondogroup.com
  • Levels: 4
  • Suites: 90
  • Status: Completed
  • Built: 2014
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Strata Plan: EPS814
  • Bldg#: 11623

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The Residences at Utopia MLS® Listings

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Building Info

The Residences at Utopia - 2871 Jacklin Road, Langford, BC V9B 5R8, Canada. Strata plan number EPS814 . Crossroads are Jacklin Road and Orono Avenue. This development is 4 stories with 90 units. Completed in 2014. If life is art, then your home should be your gallery. Thats the mantra behind The Residences at Utopia. The units were composed with space efficiency and easy living in mind. Beyond mere function, The Residences at Utopia puts the spotlight on fashion with the aim of encouraging owners to make each space uniquely theirs. Buyers can choose from over 20 decor packages including colour palettes, materials and textures to truly define their custom space. Developed by Burr Properties. Architecture by Welsley Architecture. Maintenance fees includes building insurance, garbage pickup, managemnet, water and yard maintenance.

Nearby parks include Danbrook Park, West Shore Skatepark and City Centre Park. The closest schools are Pussywillow Preschool, Goldstream Co-op Preschool, Our Lady of the Rosary Preschool, Academy of Learning College, David Cameron Elementary, Belmont Secondary and Spencer Middle School. Nearby grocery stores are Devonshire Flowers & Food Market, Western Food and Real Canadian Superstore.

Sales Centre: www.thecondogroup.com
Official Website: utopiacondos.ca
Phone: 250-382-6636
Sales Address: K-3388 Douglas Street Victoria, British Columbia V8Z 3L3
Strata Sub Categories: Strata
 

The Residences at Utopia Technical Info

Building Name The Residences at Utopia
Address 2871 Jacklin Ave
City Langford
Neighborhood La Jacklin
Floors 4
Units in Development: 90
Units in Strata:90
Property Types Frhld/strata
Sub Categories:Strata
Year Built 2014
Official Website utopiacondos.ca/
Restrictions Details
Strata Plan EPS814
Title to Land Frhld/strata
  

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The Residences at Utopia

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Victoria Real Estate Board Update

Victoria Real Estate Market wraps up a relatively flat year for home sales

 

January 2, 2020  A total of 402 properties sold in the Victoria Real Estate Board region this December, 7.2 per cent more than the 375 properties sold in December 2018 and a 30.3 per cent decrease from November 2019. Sales of condominiums were up 17.5 per cent from December 2018 with 121 units sold. Sales of single family homes increased 13.8 per cent from December 2018 with 198 sold.

A grand total of 7,255 properties sold over the course of 2019, 1.47 percent more than the 7,150 that sold in 2018. 2019 sales came in at slightly under the ten-year average of 7,413 properties sold.

"Overall, our market throughout 2019 can be characterized as still active, slow to grow and low in supply," says 2019 Victoria Real Estate Board President Cheryl Woolley. "Last year we saw many prospective buyers sit on the sidelines waiting for inventory to be added. As a result of this unmet demand, there was and continues to be a push from consumers to create townhomes and condos at accessible price points. We began 2019 discussing the potential impact of various taxes and lending rules introduced by the federal and provincial governments that were designed to calm housing market activity - although this activity had already begun to slow following our hyper-active market in 2016/17. The most impactful government change we saw was the tighter mortgage lending rules, which lowered consumer borrowing power and made many unable to qualify for the value of mortgages they had in the past, therefore compressing more demand into our mid- and lower-priced property market."

There were 1,952 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of December 2019, a decrease of 18.6 per cent compared to the month of November and a 1.8 per cent decrease from the 1,988 active listings for sale at the end of December 2018.

"Constant demand on this middle housing segment has put a moderate amount of pressure on pricing," adds Woolley. "And although we did not see huge price increases though 2019 like we did in the run up through 2016, we do see buyers entering into multiple offer situations and competing for properties. The high end of the market - over $1.5 million - has been softer, which is nice for a very small percentage of buyers in our area, but difficult on sellers who have seen some equity erode. The theme heading into 2020 does for now appear to be the limited selection of single-family homes and growth in pressure for more condos and townhomes. What remains consistent is that in this complex market, buyers and sellers value the assistance of their REALTOR® to navigate one of the biggest purchases most will make in their lifetime."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in December 2018 was $860,400. The benchmark value for the same home in December 2019 decreased by 0.6 per cent to $855,000, slightly less than November’s value of $855,400. The MLS® HPI benchmark value for a condominium in the Victoria Core area in December.

2018 was $503,000, while the benchmark value for the same condominium in December 2019 increased by 3.5 per cent to $520,700, slightly more than the November value of $517,000.

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 1,380 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.

 

For More Information

 

Victoria Real Estate Board
Denise Hogue, Communications Manager

Phone: 250-920-4652

 

Frank Rudge October 2017 VREB Report