Julie Rust Real Estate

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 $2,350,000 MLS # 1029199 www.rustphillips.com
, , , , , , , Engel & Völkers Vancouver IslandGreg Phillips - Engel & Völkers Victoria

NEW TO MARKET! Welcome to refined ONE LEVEL Oak Bay living in prestigious Uplands Estates. Enjoy wonderful, unobstructed views of the tranquil pond, water feature, and Uplands Golf Course from this beautifully maintained, south-facing home. Thoughtfully designed with generous rooms and an excellent layout, it features a spacious primary suite with patio access, walk-in closet, & 4-piece ensuite. The bright sunken living room with cozy wood-burning fireplace, formal dining room, and kitchen with breakfast nook opening to the front porch create inviting spaces for everyday living and entertaining.
Additional highlights include a large laundry room, double car garage (workshop currently in 1/2 of the garage space) and convenient visitor parking. Walk to Henderson Rec Centre, UVIC, Mt. Tolmie, Uplands Golf Course, Victoria Yacht Club and Cadboro Bay Village. Located in a gated, secure adult-oriented community surrounded by ponds, fountains, and manicured gardens-peaceful, park-like living at its finest. Offered at $1,349,000 MLS #1026199
, , , , , Greg Phillips - Engel & Völkers VictoriaEngel & Völkers Vancouver Island

JANUARY 2026 VREB MARKET STATISTICS..

Victoria Real Estate Market Report for January 2026

A total of 339 properties sold in the Victoria Real Estate Board region this January, 19.7 per cent fewer than the 422 properties sold in January 2025 and 7.6 per cent fewer than in December 2025. Sales of condominiums decreased by 25.3 per cent from January 2025 with 109 units sold. Sales of single family homes decreased by 21.1 per cent from January 2025 with 153 sold.

“This year kicked off with sales in a similar pattern to what we observed in 2023 and ‘24,” said Victoria Real Estate Board Chair Fergus Kyne. “Those years signalled the return to more predictable, seasonal patterns after the intense pace of the pandemic-influenced market we saw earlier in the decade. Different this year is that there is much more inventory on the market. Healthy levels of inventory that meet demand are critical to smooth out any upward pressure on pricing. As we move through the year, it may well be inventory levels and a combination of external factors like interest rates, global trade tensions, and consumer confidence that ultimately determine the course for our market.”

There were 2,624 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2026, an increase of 3.1 per cent compared to the previous month of December and a 9.6 per cent increase from the 2,395 active listings for sale at the end of January 2025.

“With the current strong level of inventory and fewer sales, the overall market in January rested on the threshold between balanced and a buyer’s market,” notes Chair Kyne. “A single month does not promise a long-term trend, but this does mean that January offered a good amount of selection for buyers and more defined outcomes for sellers. Our market area is small but diverse, and consists of many micro-markets, all of which have their own specific market conditions. This means that some areas may be in balance, while others may trend to a buyer’s market. To determine where a property is within the balance of markets, connect with your favourite Victoria REALTOR®.”

We are grateful to all our clients, friends, colleagues. family and our brokerage who continue to support our business. We are honoured once again to receive the MLS GOLD AWARD being amongst the top 10% of the VREB realtors. We appreciate all your kind referrals and if you are thinking of making a move please reach out and we would be honoured to assist your next journey ❤️