Greater Victoria Real Estate Update as at 08-05-2012 reported by VREB

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

Greater Victoria Real Estate Daily Update in the past 24 Hrs. as at 08-05-2012 as reported by VREB (Victoria Real Estate Board).

esquimalt at sax point for AR community

Market Snapshots in Greater Victoria Real Estate are often a very limited picture in time.

Typically we see more sales and expired listings reported in the towards middle and the end of each month. We also notice more new listings just before and after the weekends, as well as price changes are often reported just before the weekend open houses.

So why are we sharing these market snapshots for the Greater Victoria real estate?

  • Many people still think that all listings sell
  • Many Sellers wonder how long it will take to sell and or move
  • Many Buyers wonder what is selling and how active the market really is.

The Communities covered in our daily snapshot of the Greater Victoria Real Estate Market are;

  • Victoria
  • Saanich
  • Esquimalt
  • Oak Bay
  • View Royal
  • Saanich Peninsula Communities (Sidney, Central and North Saanich)
  • Westshore Communities (Highlands, Langford, Colwood, Metchosin, Sooke)
  • Malahat and other up Island communities.
 

Activity

Number

justlisted

New Listings

8

 

Back On The Market

0

Expired Listing

Expired Listing

3

cancelled listing

Cancelled Listings

13

whitehousesgn5

Listing Price Change

9

sale pending

Pending Sale

12

planesold

Sold

1

Our Greater Victoria Real Estate Daily Snapshot offers a quick glance in the local real estate market, however we caution readers that daily updates should not be interpreted as accurate representation of the current Greater Victoria Real Estate Market conditions. Greater Victoria Month To Date Real Estate Market Statistics This Table shows the Month to Date Real Estate Stats and are updated weekly (Monday’s)Including an estimate of the number of months of inventory if no new listings were added. in Greater Victoria, absorption rates of less than 4 months of inventory is considered a Sellers Market, 4 – 7 months of inventory s considered a Balanced Market 7+ Months of Inventory is Considered a Buyers Market

As At August 01, 2012 (July Totals)

Month To Date 2012

July 2011

New Unconditional Sales

523

523

New Listings

1242

1,374

Active Listings

5,178

5,094

Months of Inventory

9.90

9.73

Considering Your Victoria Real Estate Options?

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Topic:
Real Estate Market Trends
Location:
British Columbia Capital Area Victoria Greater Victoria
Groups:
Market Reports
City & State: Listings and Market Reports
Canadian Market Reports
Market Updates
2013MarketReports
Tags:
westshore
view royal
victoria
sooke
sidney bc
saanich
peninsula
oak bay
metchosin
langford
esquimalt
colwood

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