The Rainbow Ridge at 759 Sanctuary Court, Victoria, BC V8X 5L6, Canada, strata plan VIP75457. A 3-level 25 units townhouse development was built in 2004. The Rainbow Ridge nestled into the south slope of Christmas Hill Nature Sanctuary and 27 acres of protected parklands/hiking trails. Facing the amazing cityscape views with the snow-capped Olympic Mountains. Just steps to downtown, transportation and Rogers Elementary School, Pacific Christian Pre-School, His Kids Childcare Corporation, Rogers Child Care Centre and North Douglas Preschool.
Crossroads are Sanctuary Court, Blackberry Lane and Rainbow Crescent. Maintenance fees include building insurance, garbage pickup, management, water and yard maintenance.
Strata Sub Categories: Strata
759 Sanctuary Crt Technical Info
||759 Sanctuary Crt
||759 Sanctuary Crt
||SE Lake Hill
|Listing Price Range
|Units in Development: ||2|
|Units in Strata:||25|
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|Title to Land
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Victoria Real Estate Board Update
Victoria Real Estate Market Statistics for August 2017
Sept 1, 2017 - A total of 736 properties sold in the Victoria Real Estate Board region this August, 16.6 per cent fewer than the 883 properties sold in August last year.
"I admit to being a little surprised by the August numbers," notes Victoria Real Estate Board President Ara Balabanian. "I expected inventory numbers to be climbing by now, but instead we've seen even lower numbers of listings on the market. This is likely leading to some buyer fatigue along with pressure on pricing in high demand areas."
There were 1,917 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2017, a decrease of four properties compared to the month of July, and 8.5 per cent fewer than the 2,094 active listings for sale at the end of August 2016.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August 2016 was $743,200. The benchmark value for the same home in August 2017 has increased by 10.8 per cent to $823,100.
"Though much too early to call a trend, we do see that the August HPI benchmark value for single family homes in the Victoria Core area has decreased by 1.3 per cent when compared to July. This is the first time we've noted a decrease in HPI values since August 2015." adds President Balabanian. "That said, this is not an indicator of a huge change in property values across our region. We've seen a phenomenally busy two years in real estate for our area and we are likely heading towards a period of more balanced activity. Note too, that though the overall HPI value shows a small month over month decrease - specific areas and specific types of product have seen increases. For example, condominiums across the entire region are up by half a percent compared to the previous month and single family homes in North Saanich have increased in benchmark value by almost one per cent. It's for reasons like these that now more than ever it makes sense to seek the assistance of a local REALTOR® to sell or buy your home."
View our press release and summary here.
View our complete statistical package here.
For More Information
Victoria Real Estate Board
Denise Hogue, Communications Manager
Frank Rudge Victoria Market Report for May 2017