Greater Victoria Real Estate Listing & Sales Activity From January 08 - January 15, 2012

By
Real Estate Sales Representative with 1 PERCENT REALTY, Victoria BC www.1percentrealtyvictoria.com

Greater Victoria Real Estate Listing & Sales Activity

From January 08 - January 15, 2012

Victoria, Esquimalt, Saanich Real Estate Market Watch

"The Model Boat Pond" along Dallas Rd  Victoria, BC
is a Pfanntastic Place to call Home."

Every Week Peter and Linda Pfann take a quick reading of the Greater Victoria Real Estate Market (based on MLS information) for you. Below is our overview of the Victoria Real Estate Market over the past week.

The Vancouver Island BC Communities and Areas included in this Greater Victoria Real Estate Snapshot are:
Victoria, Saanich (East and West), Central Saanich, North Saanich, Sidney, Oak Bay, Esquimalt, View Royal, Highlands, Langford, Colwood, Metchosin, Sooke, Malahat.

If you would like to receive regular updates about real estate activity in your area, or the area you would like to move to, please use our Free Victoria Homes Now Tool that offers you to receive highly personalized and detailed property and statistical information at your fingertips.

Greater Victoria Weekly Residential, Real Estate Listings & Sales Update, Reported by the Victoria Real Estate Board for the Past Week.
New Listings New Listings 283
Back on the Market Back On Market 18
Added Inventory Added to Inventory (New Listings & Back on the Market) Total for the Week +301
Price Change Price Changed 115

Sale Pending

Sales Pending 92
Sold Listings Sold 73
Cancelled Listings Canceled Listings 57
Expired Listings Expired Listings 61
Reduced Inventory Inventory Removed (Canceled, Expired, Pending & Sold) Total for the Week. -283
Victoria real estate market update Inventory Change for the week

+18

It is fairly typical that early in the Year that we see available property inventory grow, and as long as there are not long periods of inventory growth, with very few sales we will continue to have a balance to improving market place in Greater Victoria

For the firtst time this year we see that the number of available properties in Greater Victoria increased (slightly).  With an increase of only 18 properties we are really not adding any substantial numbers at this time of the year.

We feel that there is a a good start to the new year, and although it is to early know how this year will turn out, early signs are that the general public feels that with the lower prices, low interest rates and good supply, that the time has come to take advantage of some of the Pfanntastic Real Estate Opportunities available in the market place in Greater Victoria.

Further confirming that there is no doubt that we see a slowly improving and strengthening marketplace in Greater Victoria, for most areas and property types in and around the lower Vancouver Island region.

We also offer the Greater Victoria area, single family home market place reports for each community in and around Victoria. (you can read these reports here).

In short, dependent what your plans are with your real estate decisions, it is very important to consult with your trusted real estate expert to develop a strategy that will optimize your options and opprtunities. (we would like to apply to become your trusted expert).

We continue to point out in our weekly review.......115  Price Changes in one week,(read mostly price reductions).

"Deciding on The Right Asking Price is by far the most important decision sellers make to assist the sale of their property and why properties are Selling"

"(or why they are not selling)."

  • It is our experience, that if sellers want to sell their property in this still softer and more fragile market, our best advise to potential home sellers is to trust your agent and the price recommendations they offer you based on their comprehensive market value evaluation.
  • If you need a 2nd opinion, please do not hesitate to contact Peter and Linda Pfann, and it will be our pleasure to complete either a summary evaluation for you (see below) or provide our 60+ page, complete evaluation report which also includes our suggestions for optimizing the marketing results for your property.

Notes on our Weekly Review statistical information:

  • If The Number of Properties Removed from the Market Exceeds the New Inventory for a longer period of time (3-4+ months) the market is active, and prices will level and eventually increase.
  • When The Number of Properties Added to the Inventory Exceeds the Number of Properties Removed from the inventory for a longer period of time (3-4+ months), the market is slowing down and prices will remain level or likely reduce.
  • Monitor our Victoria Real Estate Daily Market Watch over a period of time and you can easily see how the Victoria Real Estate Market is progressing.
  • 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.

Here is a link to the Victoria Real Estate Board Statistical Reports, and published every month.

Victoria Homes Now, Instant Access to Victoria Property information Planning to buy, sell, upgrade, downsize, invest in real estate or relocate to Greater Victoria, and need information about your present or new area of choice?....... No Problem.
Peter and Linda Pfann now offer a FREE Pfanntastic Internet Service, keeping you informed about Greater Victoria Market Activity, including New Listings & Value Estimates, This absolutely Free no hassle service is completely customized to your specific requirements.
We call it: Victoria Homes Now, and this amazing little tool will ask you a few questions, and provides you with an updated snapshot of the property type(s), location (s) and real estate market activity as per your requirements.
The Pfanntastic Victoria Homes Now Service is Free, The Information is Invaluable,

Request Your Instant Access to Victoria Properties Right Now!

Greater Victoria Real Estate Listing & Sales Activity  January 08 - 15, 2012

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Topic:
Real Estate Market Trends
Location:
British Columbia Capital Area Victoria Greater Victoria
Groups:
Market Updates
Market Reports
City & State: Listings and Market Reports
Canadian Market Reports
Tags:
market update
victoria
saanich
oak bay
esquimalt
westshore
saanich peninsula

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Renée Burrows
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate - Las Vegas, NV
Las Vegas Real Estate Broker - www.urLVhome.com

Such a comprehensive real estate market report for the Greater Victoria area!  Love the serene photo that accompanies it!

Jan 16, 2012 11:19 AM #1
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Peter Pfann @ 1 Percent Realty Victoria, and Pay-Less For Victoria Real Estate Results!
1 PERCENT REALTY, Victoria BC www.1percentrealtyvictoria.com - Victoria, BC
Talk To Peter 250-213-9490 www.pay-lessrealty.com

Hi Renee,

We love that spot, it is a little pond created for model boat enthusiasts, but the Duck have become permanent residents.

Jan 16, 2012 08:06 PM #2
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Joni Staples
Berkshire Hathaway Home Services - Anderson Properties - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

Oh my goodness! That photo would make a great Motivational Monday, Tuesday's Treasures, Wordless Wednesday, Thankful Thursday, Friday's Foto, Silent Saturday, Speechless Sunday or any other of a million ActiveRain Groups! LOVE IT! I'll take TWO!

Jan 22, 2012 03:26 PM #3
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Peter Pfann @ 1 Percent Realty Victoria, and Pay-Less For Victoria Real Estate Results!
1 PERCENT REALTY, Victoria BC www.1percentrealtyvictoria.com - Victoria, BC
Talk To Peter 250-213-9490 www.pay-lessrealty.com

HI Joni,

Thank you for the compliment, the picture was a bit of a lucky shot, as we intended to take pictures of the model boat that are often at the pond, (none to be found that day)

Jan 22, 2012 04:07 PM #4
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Peter Pfann @ 1 Percent Realty Victoria, and Pay-Less For Victoria Real Estate Results!

Talk To Peter 250-213-9490 www.pay-lessrealty.com
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