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New property listed in West Newton, Surrey

I have listed a new property at 308 6557 121 St S in Surrey. See details here

Welcome to Lakewood Terrace, a beautifully maintained residence offering both tranquility and modern updates, including a new roof and renovated decks. This spacious 1,486 sq. ft. home features two bedrooms, with a primary suite large enough to accommodate a cozy sitting area or home office. The second bedroom opens to a private balcony, overlooking the meticulously landscaped gardens, serene ponds with fountains, and charming gazebo. The expansive kitchen includes a bright breakfast nook, while the dining area flows seamlessly into the inviting living room, complete with a gas fireplace and radiant heat. A versatile loft space with a south-facing deck provides the perfect setting for entertaining or quiet relaxation. Thoughtfully designed for accessibility, the home includes a chairlift to the loft and a luxurious walk-in spa in the main bathroom. Additional conveniences include two secure parking stalls, ample storage in suite and a full size storage room located on the same level. Close proximity to shopping, parks, golf course and amenities. An exceptional opportunity for retirees and/or downsizers seeking comfort, peacefulness, style, and convenience.

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March Market Report

The Greater Victoria real estate market in March 2025 continued to show strong momentum. New listings jumped significantly to 1,487, marking a 20% increase from last month and 11% more than the same time last year. Active listings also rose to 3023, up 10% month-over-month and a notable 20% year-over-year, indicating more choices for buyers entering the spring market. There were 613 properties sold during the month—an increase of 10% from February, and slightly above the 600 homes sold in March 2024.

Homes in Victoria are now taking an average of 37 days to sell, a bit longer than the 45 days reported last month but unchanged from a year ago. Pricing remained solid overall. Single-family homes averaged $1,332,588, a modest increase from both last month and last year. Townhomes saw the strongest growth, reaching an average of $910,000—up considerably from $842,710 in February and $829,259 last March. Condo prices dipped slightly to $645,500, though they remain higher than they were a year ago. With inventory climbing to 4.9 months, up from 3.6 in February 2024, Victoria is heading toward a more balanced market, though prices suggest demand is still healthy.

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.