Parklane (mews) - 850 Parklands Dr, Victoria, BC V9A 4M8, Canada, Strata plan VIS2876, with 56 units 2-level, Estimated completion in 1994. Parklane (mews) townhomes is located in Esquimalt, at the crossroads of Parklands Drive and Admirals Road. Maintenance fees includes building insurance, gabage pickup, management, water and yard maintenance. Featuring club house, guest suite, a corner fireplace in the living room,dining room, great kitchen with lots of storage and breakfast bar, master bedroom and full ensuite, den, office, gym room plus another full bath, Private rear patio and yard, garage plus 2nd parking spot. Pet friendly. Nearby Craigflower Elementary School, Rockheights Jr High School, Juan De Fuca Parks And Recreation Centre And Kids Cottage, Scotiabank, Starbucks,Rockcrest Park, Esquimalt Gorge Park and Highrock Park.
Strata Sub Categories: Strata
Parklane (mews) Technical Info
||850 Parklands Drive
|Listing Price Range
|Units in Development: ||4|
|Units in Strata:||56|
|Title to Land
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Victoria Real Estate Board Update
Victoria Real Estate Market Slowly Stabilizing after a Record Breaking 2016
November 1, 2017 A total of 664 properties sold in the Victoria Real Estate Board region this October, 9.7 per cent fewer than the 735 properties sold in October last year.
"As expected, we saw fewer sales than this time last year," notes Victoria Real Estate Board President Ara Balabanian. "Looking at the longer term picture however, sales last month were 17.1 per cent above the ten year average of 567 properties for the month of October, so the market is still very active here in Victoria, and this is in spite of the ongoing low inventory levels."
There were 1,905 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2017, a decrease of 3.6 per cent compared to the month of September and 1.7 per cent fewer than the 1,938 active listings for sale at the end of October 2016.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in October 2016 was $752,000. The benchmark value for the same home in October 2017 has increased by 9.3 per cent to $821,900, but is lower than July's value of $834,200.
"The fact that we've seen such a controlled levelling off in the market directly following a year which felt so uncontrollable in terms of demand and pressure on prices illustrates the depth and stability of the Victoria market. An unstable market may have experienced a heavy correction or shift, whereas in our market sales are moderating at a reasonable rate." adds President Balabanian. "In the coming months we expect to see less inventory on the market, because the year end changes buyer and seller behaviours, their focus shifts to holidays and winter weather. One unknown influence that may play on the winter market is the upcoming mortgage stress test. Some buyers may move their purchasing timelines forward to make their home purchases before the stress test on uninsured buyers (those with a downpayment of 20 per cent or more) becomes required January 1."
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 1,364 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
Frank Rudge Victoria Market Report for May 2017