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Victoria Real Estate Daily Market Watch For February 02, 2011

By
Real Estate Sales Representative with eXp Realty, Victoria BC www.pfanntastic.com
Victoria Real Estate Daily Market Watch
For February 02, 2011

Victoria Real Estate Market Watch


Every Morning We take a quick barometer reading of the 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. This 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.

Generally we have found over the past 25 years that early in the year, inventory build 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 24 hours the Victoria  Real Estate Board reports  the following residential real estate market activity.

 

New Listings New Listings 73
Back on the Market Back On Market 3
Added Inventory Added to Inventory Total for the Day 76
Price Change Price Changed 14
Sale Pending Sales Pending 21
Sold Listings Sold 28
Cancelled Listings Canceled Listings 4
Expired Listings Expired Listings 24
Reduced Inventory Reduced Inventory Total for the Day. 78


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.

Posted by

 

 

 

Peter Pfann,

CPCA, ABR, SRES, E-Pro, IMSD, Master ASA, C-CREC, Associate Broker.

Text or Talk To Peter @: (1) 250 - 213 - 9490  

peterpfann@gmail.com  www.pfanntastic.com

Pfanntastic Properties in Victoria, BC, Canada, @ Fair  Realty Since 1986.

Regional office: 1540 Fort St Victoria, BC V8S 5J2

 

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