Greater Victoria Real Estate Activity Weekly Market Watch For April 03 - April 10, 2011

By
Real Estate Agent with 1 PERCENT REALTY, Victoria BC www.1percentrealtyvictoria.com
Greater Victoria Real Estate Activity Weekly Market Watch
For  April 03 - April 10,  2011
Victoria, Esquimalt, Saanich Real Estate Market Watch

Picture From Esquimalt Lagoon towards Metchosin and the Olympic Mountains (Washington state) in the background)

Every Week Peter and Linda Pfann take a quick barometer reading of the  Greater Victoria Real Estate Market (based on MLS information) for you. Below is a slightly crude method to see what activity has occurred  in the Victoria Real Estate Market over the past 24 hours.

When you monitor our Victoria Real Estate Daily Market Watch over a period of time you can easily see if and or how the Victoria Real Estate Market is following a traditional or less usual pattern.
As always it is nearly impossible to apply the generalities of the entire market place to your particular personal situation, we encourage you to always best to consult with your local real estate specialist (in Greater Victoria that would be Peter and Linda Pfann off course).   It would be our pleasure and privilege to review and discuss all your plans, dreams and options, in total confidence and without obligations.

If you are considering to buy or sell real estate in and around greater Victoria, and want to know more about your area of choice or where your current property is, We also offer a Pfanntastic Web based Tool, that will keep you informed about Market activity  (new listings, sales and adjustments) stat, graphs and a variety of additional handy tools for your benefit. We call it Victoria Market Snapshot, and this amazing little tool will ask you a few questions, and will then provide you with a monthly snapshot of  the property type(s), location (s) and activity by emailing you a quick link to this totally personalized tool. Victoria Real Estate Market SnapshotThis Pfanntastic Market Snapshot Service is Free, the information is Invaluable, and will provide great insight and assistance in achieving your real estate objectives.

Be sure to check it out. Victoria Real Estate Market WatchClick Here For Access to all the MLS listings in Greater Victoria, BC Canada,


  We have found, over the past 25 years, that early in the year inventory builds faster compared to at any other time of the year. During the mid to late spring we tend to start seeing a more balanced situation between number of new listings and listings back on the market, versus, sales pending, actual sales, cancellations and expired listings.
Later in the year we tend to see inventory decline a bit  (as well as the number of sales).
On a monthly base you will typically also see that most sales will complete (ownership transfers) at or near the end of the month. These are the typical market movements, but one can never be certain of these trends to occur until one reviews the years events after it has happened....

In Greater Victoria over the past Week the Victoria  Real Estate Board reports  the following residential real estate market activity.

 

New Listings New Listings 405
Back on the Market Back On Market 16
Added Inventory Added to Inventory (New Listings & Back on the Market) Total for the Week 421
Price Change Price Changed 191

Sale Pending

Sales Pending 113
Sold Listings Sold 48
Cancelled Listings Canceled Listings 62
Expired Listings Expired Listings 57
Reduced Inventory Inventory Removed (Canceled, Expired, or Sold) Total for the Week. 280

When The Number of Properties added to the Inventory Exceeds the Number of Properties Removed from the inventory for a longer period of time (4+ months), the market is slowing down and prices will likely level or reduce.

If The Number of Properties Removed from the Market Exceeds the New Inventory for a longer period of time (4+ months) the market is active, and prices will be level and eventually increase..


If you are considering to purchase and or sell a property, the sheer volume of information available can be a bit overwhelming, it is our job to make your real estate plans and dreams become reality, in the process it would be our pleasure to simplify and streamline what can be a very emotional and confusing time in your life.  If you have any questions, concerns, suggestions,  we are here to assist you every step of the way.

 

Victoria, Saanich, Esquimalt, real estate, Moving To VictoriaThis Information was provided to you compliments of Victoria BC Realtors, "Peter and Linda Pfann", Certified Professional Consultant on Aging (CPCA)®.  CPCAs are committed to providing exceptional service, and have supplemented their professional training by learning about the unique and changing needs of the 50+ population.

Make sure that the professionals serving you have taken the time and made the commitment to learn more about YOU!  To find CPCAs in good standing in your area, go to www.CPCAcanada.com.
 or www.pfanntastic.com  and www.victoriasm.com.  To Find additional Victoria, BC, Canada, Senior Focused Resources, please visit "The Elder Friendly Community Network"  

 To Find out how we serve Greater Victoria Boomers and Seniors and their families with their real estate plans and needs in and around Greater Victoria BC, please call Peter and Linda Pfann in Victoria BC, Canada at (250)-213-9490 or info@pfanntastic.com.

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the scissors to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Real Estate Market Trends
Location:
British Columbia Capital Area Victoria Greater Victoria
Groups:
Almost Anything Goes
Canada, eh
Canadian Relocation Network for DND and RCMP members
Vancouver Island Real Estate Agents
WeBlog Anything (almost)!
Tags:
victoria
saanich
esquimalt
view royal
greater victoria
langford
colwood
oak bay
real estate
market update
market snapshot

Comments 2 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the car to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
894,244
Brian Madigan
LL.B., Broker
RE/MAX West Realty Inc., Brokerage (Toronto)

Peter and Linda,

Although I don't have anyone moving to or from Victoria, it's an important and active location, and I like to follow it, as well as other "key indicator" cities.

Brian

April 10, 2011 06:45 PM
Ambassador
525,419
Peter Pfann @ 1 Percent Realty Victoria, and Pay-Less For Victoria Real Estate Results!
Talk To Peter 250-213-9490 www.pay-lessrealty.com
1 PERCENT REALTY, Victoria BC www.1percentrealtyvictoria.com

Hi Brian,

thanks for visiting and feedback, we appreciate staying informed about other areas as well, and be able to discuss other market places with buyers and sellers

April 10, 2011 10:26 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the balloons to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Ambassador
525,419

Peter Pfann @ 1 Percent Realty Victoria, and Pay-Less For Victoria Real Estate Results!

Talk To Peter 250-213-9490 www.pay-lessrealty.com
Learn How Much You'll Save Buying & or Selling
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cloud to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information


Visit Us on Facebook, Twitter, Linkedin, YouTube, Active Rain, Scribd

Visit Us on Facebook    Follow Us on Twitter    Talk to Us at Linkedin

Visit our Blog on Active Rain    Get Our Information on Scribd    See us on YouTube

 

Bookmark and Share

&
Locations of visitors to this page