Julie Rust Real Estate

NEW TO MARKET! Luxury Cordova Bay home in a PREMIUM LOCATION, overlooking one of Victoria's most picturesque golf courses. This spacious 2 Bed/2 Bath remodeled condo sits up high in the middle of the Cordova Bay Golf Course with spectacular views of the golf course, ocean and mountains beyond. Features over sized wood windows, 9 ft ceilings, Contemporary Kitchen, Quartz Counters, New Hardwood floors, fireplace in the living room and a covered balcony overlooking the golf course. Situated on the ninth hole of the golf course this quality West Coast Jawl Development has the location and a premier lifestyle to match. A stones throw to Cordova Bay Golf Course, Ridge Golf course, Matticks Woods Shops, Red Barn Market & multiple beaches. A rare opportunity to make an investment. Offered at $1,498,000 MLS #1038585 www.rustphillips.com , ,
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. Engel & Völkers Vancouver IslandGreg Phillips - Engel & Völkers Victoria

NEW TO MARKET! Traditional 4/5 bed, 3 bath family home situated on a generous corner lot in the Lambrick Park neighbourhood. The main floor encompasses 3 bedrooms, including primary with walk-in closet & 2 piece ensuite, full bathroom, cozy living room with fireplace, separate dining area and kitchen with views to the back garden. There is also direct access to the large double deck from this level overlooking the sun filled, fully fenced back garden. The full height lower level supports a large recreation/family room, bedroom, kitchenette, Office/Den, laundry and bathroom. Other features include recent perimeter drain replacement, a 50 year warranted metal roof, heat pump and updated windows on the upper level. Centrally located within a short walk to UVIC, shopping, transit and all levels of schools. Offered at $1,125,000. MLS # 1042146 www.rustphillips.com #уу), , ,

JUNE 2026 TOP TEAMS & TOP PRODUCERS

NEW TO MARKET! Oak Bay 4 Bedroom family home located on a quiet cul-de-sac on the Lansdowne Slope. This bright and Spacious home nestled on a 9300+ saft property has three bedrooms on the main, generous living and dining rooms, gas fireplace, updated windows, cordless blinds and hardwood floors. The light filled kitchen has an eating area overlooking the private "English Garden" inspired backyard and offers a large deck with covered sunroom. The walkout finished 7'5" lower level features a family room, den/office, guest bedroom with ensuite, another bathroom and plenty of storage, with a 200 amp service and sprinkler system. Basement could be converted to a potential inlaw suite with a separate entrance. This is truly a great home, close to Uplands Golf Course & Carnarvon Park, and represents excellent value in Oak Bay. Offered at $1,399,000 MLS # 1038397. www.rustphillips.com
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, Greg Phillips - Engel & Völkers VictoriaEngel & Völkers Vancouver Island

MAY 2026 TOP PRODUCERS & TOP TEAMS

NEW TO MARKET! Uplands family home located in one of Oak Bay's most prestigious and picturesque neighbourhoods. Situated on an almost 1/2 acre of park-like grounds, this natural light filled home comprises a large living room with hardwood floors and a gas fireplace, separate dining room, family room & a spacious kitchen with eating area leading to the private fenced backyard. The upper level supports 4 bedrooms, including primary bedroom with ensuite, plus a bathroom and an office nook. Other features include a gas furnace, all new flooring, Pella Windows, extensive front & backyard landscaping, irrigation system, large mud room off the garage, as well as a spacious laundry room. Situated in a prime location within walking distance to the Victoria Yacht Club, Uplands Golf Course, Cadboro Bay Village, the beach & close to private and public schools. A wonderful turnkey Uplands family home. Offered at $2,575,000 MLS #1036772 www.rustphillips.com , ,
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MAY 2026 VREB MARKET STATISTICS…

Victoria Real Estate Market Report for May 2026

A total of 713 properties sold in the Victoria Real Estate Board region this May, 5.9 per cent fewer than the 758 properties sold in May 2025 and 10.9 per cent more than sold in April 2026. Sales of condominiums decreased by 14.9 per cent from May 2025, with 188 units sold. Sales of single family homes decreased by 4 per cent from May 2025, with 385 sold.

“There’s no more waiting – the spring market is here,” said Victoria Real Estate Board Chair Fergus Kyne. “With the most inventory for sale that our market has had in eleven years, we’re seeing buyers take advantage of the many homes to choose from. Buyer expectations around pricing and features have changed with market conditions and they have more time to make decisions and are viewing more properties. To meet buyer demands, motivated sellers need to enter the market with competitive pricing and an understanding of their property’s value in the current environment.”

There were 4,029 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of May 2026, an increase of 8.6 per cent compared to the previous month of April and an 8.4 per cent increase from the 3,716 active listings for sale at the end of May 2025.

“The current market is unlike what we’ve seen in recent years,” notes Chair Kyne. “If you are considering selling or buying a property this spring, it’s important that you connect with your REALTOR® to understand the specific market conditions in your area and for your property type. Since our market is made up of many sub-markets, you’ll want to position your sale or purchase based on recent, relevant data and market insight that your Realtor can provide. With the help of your Realtor, both buyers and sellers can understand what it takes to be successful in the current market.”

Victoria Real Estate Market Report for March 2026

A total of 579 properties sold in the Victoria Real Estate Board region this March, 5.5 per cent fewer than the 613 properties sold in March 2025 and 24.5 per cent more than in February 2026. Sales of condominiums decreased by 18.8 per cent from March 2025 with 164 units sold. Sales of single family homes decreased by 2.4 per cent from March 2025 with 285 sold.

“Our market is following a fairly typical spring market trend,” said Victoria Real Estate Board Chair Fergus Kyne. “With sales and listings both increasing from the previous month, we’re tracking a seasonal pattern that generally builds to the peak of the market in May or June.”

There were 3,261 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of March 2026, an increase of 12.3 per cent compared to the previous month of February and a 7.9 per cent increase from the 3,023 active listings for sale at the end of March 2025.

“We continue to observe a market which offers plentiful opportunity for both buyers and sellers. The current conditions of good supply and a reasonable level of consumer demand have created fewer high-pressure transactions and allowed time for both sides of the sale to make decisions and undertake due diligence,” notes Chair Kyne. “Every listing is unique in our market. Greater Victoria is a relatively small area which consists of many micro markets with varying conditions and demand. It’s a good time to connect with your favourite local REALTOR® to ensure your property or your purchase gets the correct analysis and strategy it deserves.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in March 2025 was $1,344,900. The benchmark value for the same home in March 2026 decreased by 1.1 per cent to $1,330,200, up from February’s value of $1,307,400. The MLS® HPI benchmark value for a condominium in the Victoria Core area in March 2025 was $558,100, while the benchmark value for the same condominium in March 2026 decreased by 0.8 per cent to $553,800, up from the February value of $545,600.

NEW TO MARKET! Stunning West Coast Contemporary home on the Fairfield Oak Bay border. Expertly built by Prodigy Developments with landscaping by Landeca. A vaulted entry welcomes you to this light filled 4 bed, 4 bath plus den home and leads you into the open concept great room with the living room highlighting a floor to ceiling slate fireplace, kitchen with breakfast bar, granite counters, wine fridge, gourmet Fisher & Paykel gas stove, oak hardwood floors throughout, and designer lighting. Ideal for family life and entertaining with a spacious w maintenance patio and hot tub accessed through french doors. Upstairs offers 3 bedrooms including a luxurious primary suite with large spa-like ensuite with soaker tub & walk in closet. Lower level suite and attached garage add flexibility to this home. Steps to Gonzales beach, Ross Bay, Beach drive, first-rate public & private schools and Thrifty's plaza. Offered at $2,235,000 www.rustphillips.com
, , , , , , , Engel & Völkers Vancouver IslandGreg Phillips - Engel & Völkers Victoria