Oak Bay, BC Single Family Homes Review for 2011.
Real Estate in Oak Bay is considered some of the most desireable property of any in the Greater Victoria Area, and as such it is really no surprise that it is also one of (if not the) most balanced Market Segments of our little corner of Paradise on Vancouver Island.
As the Slides and Video will show, Oak Bay real estate in 2011 was bucking the trend a bit in so far that, although the number of sales was down (only slightly) Average and Median Prices did nudge up by between 2 and 5.8%.
Slightly more homes remained unsold compared to 2010, (48 % from 42% in 2010) and the spread between asking price and eventual sale price increased about 0.5% (hardly worth mentioning).
Over the next days we will add Real Estate Market Reivews for most Greater Victoria Communities, and we will add the links to them right here
Here is a link to the Victoria Real Estate Board Statistical Reports, and published every month.
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