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Building & Condo information

The Newport Beach

1375 Newport Ave


Oak Bay, V8S 5E8 OB0100 - OB South Oak Bay

  • Levels: 5
  • Suites: 23
  • Status: Completed
  • Built: 1978
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Bldg#: 11980

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The Newport Beach MLS® Listings

"Sorry there are no listings. Please click here to view OB South Oak Bay listings"

Building Info

The Newport Beach, 1375 Newport Ave, Oak Bay, V8S 5E8 is located in OB South Oak Bay of Oak Bay. The Newport Beach has 23 Units and 5 Levels. This building was built in 1978. There are 0 active listings in The Newport Beach. Building features include elevator,exercise rm,hobby/work rm.
Strata Sub Categories: Strata
 

The Newport Beach Technical Info

Building Name The Newport Beach
Address 1375 Newport Ave
City Oak Bay
Neighborhood OB South Oak Bay
Listing Price Range N/A
Floors 5
Units in Development: 23
Units in Strata:23
Property Types Frhld/strata
Sub Categories:Strata
Year Built 1978
Restrictions Details
Title to Land Frhld/strata
  

The Newport Beach Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Victoria Real Estate Board Update

Victoria real estate activity picks up as restrictions ease

 

June 1, 2020 A total of 457 properties sold in the Victoria Real Estate Board region this May, 46.1 per cent fewer than the 848 properties sold in May 2019 but 59.2 per cent more than the previous month of April 2020. Sales of condominiums were down 55.7 per cent from May 2019 with 108 units sold. Sales of single family homes were down 42.9 per cent from May 2019 with 254 sold.

"Our market continues to respond to the current health crisis," says Victoria Real Estate Board President Sandi-Jo Ayers. "Activity in real estate right now echoes the activity in our broader community - as restrictions gradually begin to lift - so too have our sales and listings numbers. Of course, like any industry, we do not expect a sudden shift back to any kind of normal. That said, one theme that persists in our market is that well-priced properties in high demand areas continue to see multiple offers. Demand exists and we continue to have motivated buyers searching for their perfect home."

There were 2,544 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of May 2020, 15.7 percent fewer properties than the total available at the end of May 2019 but a 10.4 per cent increase from the 2,305 active listings for sale at the end of April 2020.

"If you're considering buying or selling a property right now you will find the experience different than pre-pandemic," adds Ayers. "REALTORS® are doing our part to ensure that there is not a resurgence of COVID-19 in our community by following government health and safety guidelines, by leveraging technology to facilitate many aspects of the real estate transaction virtually and by implementing various clean showing protocols. Your Realtor will navigate the new processes and requirements to keep you, your property and our city safe and healthy."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in May 2019 was $863,000. The benchmark value for the same home in May 2020 increased by 2.6 per cent to $885,400, 0.1 per cent more than April's value of $884,600. The MLS® HPI benchmark value for a condominium in the Victoria Core area in May 2019 was $516,400, while the benchmark value for the same condominium in May 2020 increased by 3.5 per cent to $534,300, 0.1 per cent more than the April value of $533,600. 

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 1,387 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. For a list of live stream open houses, visit openhousesvictoria.ca. 

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

Frank Rudge Victoria Market Report for May 2017

Sales were down 22% for may over last year. Listings are up 12% from last year.