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Victoria BC Real Estate Sales for July-Listing Inventory Up and Prices Remain Stable

Throughout Greater Victoria BC July Real Estate Sales Slowed a lttile, normal for the Summer months, However Home Sale Prices continue to Remain Stable.

In July 2008 Victoria Single Family home sales Slowed and home prices remained stable with Saanich East the leader of the pack with 73 single family homes sales with an average selling price during the month of July of $595,868,
Oak Bay saw 16 home sales with an average selling price of $926,025
Victoria saw 43 home sales with an average selling price of $582,566
Victoria West saw 2 home sales with an average selling price of $529,500
Saanich West saw 34 home sales with the average selling price of $517,319
Esquimalt saw 16 home sales with the average selling price of $432,456
Central Saanich saw 19 home sales with the average selling price of $659,000
North Saanich saw 12 home sales with the average selling price of $712,125
Sidney saw 9 home sales with the average selling price of $509,742
Colwood saw 26 home sales with the average selling price of $525,744
Langford saw 38 home sales with the average selling price of $456,639
Highlands saw 3 home sales with the average selling price of $ 553,667
Waterfront Home Sales throughout Greater Victoria totaled 10 home sales with the average selling price of $1,016,350
Total Sales through Greater Victoria for July were at 335 Single family homes Sold with the area total average selling price of $578,117, the medium is at $529,900, single family home Sale Prices have remained stable throught the region this Summer. Representing almost 50% of the July Listings Sold in July.

There were 166 Condominium's Sold in July throughout Victoria with an average selling price of $302,635

There were 52 Townhouses Sold in July throughout Victoria with an average selling price of $454,918

Source: VREB
Note: Victoria Real Estate Inventory has increased to 1998 levels of 4500 properties(all types) listed on MLS for sale during July, yet sales have remained strong during the slower time of the Year.

Posted by Victoria Oak Bay Realtor Fred Carver 250-598-2963 for Victoria Oak Bay Homes on 08/04/2008 01:45 AM

Comments (8)

Victoria Real Estate Sales in July in the Regional (Localism) Channel

victoria bc real estate market report

Originally posted at: Victoria Real Estate Voice: Victoria BC Real Estate Sales for July-Listing Inventory Up and Prices Remain Stable

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8 Comments on Victoria BC Real Estate Sales for July-Listing Inventory Up and Prices Remain Stable

AUG

2008

Fred- Looks like you enjoy the clipart! :) Nice market report with some great stats for your sellers to get really study and price their homes correctly.

Hi Katerina....the home sales are happening for the properly priced homes. Sound Familiar?

Thanks for sharing your clip art source.

Have a Great Week!

Fred excellent Real Estate market report covering Victoria BC. It is easy to see why you are the go to Realtor.

Hi Fred, great report, love the clip art! Sounds like you are on top of things as usual. Take care.

Hi Bill...it's a holiday weekend Bill, and i got the jump on my posting on the state of our local market in Victoria. Bottom line we're in for a soft landing, the higher end home sales have slowed, the lower price homes are moving quickly, pricing of course is everything.

Have a Great day, thanks for visiting!

Hi Denise....Clip art and photos make a post more interesting to read. Our real Estate market prices are hold overall, with the higher end home price down a little, certainly the lower end is very strong, I sold three homes last month in less than a week, one while i was away in Seattle.

Cheers, have a great day! I'm off to see Colin James and Burton Cummings(The Guess Who) later to day, as part of the Party Here celebrating BC's 150th Birthday.

Thanks foer visiting come again!

AUG

2008

Hello Fred, Nice presentation of your current market conditions. What you've said above is true for our market down here...homes that are selling are being priced correctly.

AUG

2008

Hi Kathryn and John...Yes, funny how good pricing is universal in real estate, it certainly works here if you list a home at the market price, even with a large inventory I'll see an offer in the first week.

Cheers, thanks for visiting, come again!

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Victoria BC Real Estate Sales for July-Listing Inventory Up and Prices Remain Stable

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