Eco-Friendly Custom Highlands Home

NOW SOLD

Proudly Offered at $749,900

Go GREEN and purchase this HIGHLANDS hideaway. Looking for privacy and tranquility? Take comfort in knowing that your neighbor will never develop beside you. Imagine yourself coming home to practically 9 acres of pristine wilderness hearing only the sounds of trees gently rustling about and birds chirping. Just 30 minutes from downtown, this custom built full size Log home is perfectly situated on this extremely private property. Nestled quietly among the rolling hills of the Highlands this home has been designed for those that appreciate privacy and untouched nature. Discover some of the most spectacular sunsets this Island has to offer minutes from your front door. Feel the warmth radiate from a custom masonry fireplace and hear the crackle of the fire as you relax in paradise. Too many custom details to mention as this home exudes pride of ownership.

The owners of this extreme home spent years planning and researching before embarking on building this masterpiece. Careful consideration was paid to all materials that were used. This home was built for healthy living. Green features include: low VOC paints, water based stains for interior and exterior, no glue, no material board, on-demand water heater, beetle-killed pine in master, and hard wood throughout. These features in addition to its unique protected location make this property unbelievably special. For additional information and resources on the home please visit www.VictoriaLogCabin.com

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AUGUST MARKET UPDATE

The number of property sales in the Greater Victoria area slowed during August but sales were again significantly higher than a year ago. Prices, meantime, remained stable with some increase for single family homes. A total of 764 homes and other properties sold in August through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), down from the 933 sales in July but up 48 per cent compared to the 517 sales in August of last year.

Victoria Real Estate Board President, Chris Markham, says it is usual for sales to slow in August, “Many people take holidays in August so it is not surprising to see sales soften somewhat. We are very pleased, however, to note the significant increase in sales last month compared to August of a year ago which gives further evidence
of the strengthening of the market.”

There were 3,509 properties available for sale at the end of August, down 25 per cent from the 4,657 properties available in the same month a year ago. “The decline in the number of properties available for sale will continue to place some upward pressure on prices,” said Markham. Sales so far this year are running over six per cent higher than in the first eight months of last year.

The average price for single family homes sold in Greater Victoria last month was $596,498, up from $565,469 in July. Markham noted that the average price was affected by 17 sales of over $1 million. “These included two sales of over $4 million, one in Saanich East and one in Central Saanich, and these had a significant impact on the overall average price,” he stated. The median price increased $20,000 to $540,000. The six-month average was $569,546. The overall average price for condominiums was $317,312 last month, down from $328,441 in July. The average for the last six months was $307,347. The median price for condominiums in August remained unchanged at $290,000. The average price of all townhomes sold last month was $455,430 up from $443,109 in July. The median price dropped slightly to $419,000. The six month average was $421,565.

MLS® sales last month included 403 single family homes, 218 condominiums, 91 townhomes and 11 manufactured homes.

(courtesy of VREB)