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Victoria's Saanich Peninsula Real Estate Market Review

Saanich Peninsula Real Estate Review

We here at Fred Carver Real Estate Marketing Re/Max Camosun continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Saanich Pensinsula ( includes N. Saanich, Sidney and Central Saanich) area of Victoria real estate review Sept 9, 2008.

Saanich Peninsula

Current Listings: homes,condo's and townhouses on the market= 421

Number of Total pending sales= 54

New Listings this week: 39

New Pending Sales this week: 8

New Pending Sales over the Last 30 days = 28

Number of Sold's this week (completed sale)= 11

Average Single Family Home Selling (pending sales) price this week: $586,000 (-12% change over YTD) Average Days on Market= 62

Average Condo/Townhouse Selling Price this week: $353,500 Average Days on the Market = 40

Number of homes and condo's listings expiring this week = 4

Average SF Selling Price (460 homes) YTD: $661,378 Average DOM 51

Average Condo/Townhouse Selling Price (235 homes) YTD: $416,674 Average DOM 56

Note: Currently the 12% gains for 2007 appear to be gone, we are back to a balanced market, pricing is important when Selling, with great choices if you are Buying. CMHC is forecasting around a 3% gain for house prices for 2008.

If you would like a free list of homes for sale in this or another neighborhood, and would like more information about the Saanich Peninsula or would like to be the first to know about HOT new listings before other buyers do, then give me a call at: 250- 598-2963

Fred Carver Associate Broker

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Fred Carver Real Estate Marketing with Re/Max Camosun

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Posted by Victoria Oak Bay Realtor Fred Carver 250-598-2963 for Victoria Oak Bay Homes on 09/09/2008 05:25 PM

Comments (13)

Real Estate Market Report for the Saanich Peninsula >BC in the Regional (Localism) Channel

victoria remax realtor fred carver saanich peninsula

Originally posted at: Victoria Real Estate Voice: Victoria's Saanich Peninsula Real Estate Market Review

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13 Comments on Victoria's Saanich Peninsula Real Estate Market Review

SEP

2008

Fred - Love the map and the stats. Looks like you've got a pretty robust market going on in the Saanich Peninsula area.

Hi Donna....The Real Estate market in the Saanich Peninsula are of Victoria is strong, however prices have slipped a little from last year. Great choices for Buyers. Sellers need to pricing their home correctly..by staying ahead of the current trend.

Cheers, thanks for visiting.

Fred- What a great looking market report! Your colors are great!

SEP

2008

Hi Katerina...Thanks for visiting, A consumer saw my Colwood Real Estate market report and asked me today to do one for the Saanich Peninsula Area of Victoria.

Cheers, come again soon!

Fred excellent job on the Victoria's Saanich Peninsula Real Estate Market Review. I like your map!

Fred - I'm happy to see that somewhere in this world there is a good Real Estate market. Like your market report and straight to the point.

Hi Bill...Thanks for the positive support, the Saanich Peninsula covers three greater Victoria Municipalities, Central Saanich, Sidney and North Saanich areas of Victoria.

Thanks for visiting, come again!

Hi Petra...during 2003 to 2006 we saw around 18 to 20 % gains a year, we're now seeing about a 10% price drop over last year. Our local economy is strong with the lowest unemployment in the country, less than 1% vacancy rate and 4,000 people a year moving here. I expect the market to remain stable. We're in a failrly balanced market, pricing is import for Buyers, as they are comparative shopping with our increased inventory..

Cheers, thanks fir visiting come again.

Great job Fred on a very engaging map and profile of Victoria BC. I hope to see you around on Activerain! Try videos too, they work.

SEP

2008

20% Sell/List ratio is the new "robust market". Keep that spin going for as long as we can milk the sheeple Fred! Great job!

Hi Tracy...I've done a few video's already, I need new listings again to try my new marketing with my video. Our market is going through a shift with Buyers being fussy and a wait and see attitude and Sellers in denial. I'm sure you can relate. Thanks for visiting!

Hi Tony...Thanks for Visiting. Jump in, you'll love Active Rain, there are a lot of resources here.

Cheers, thanks for visiting

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Victoria's Saanich Peninsula Real Estate Market Review

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