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Victoria BC Dog Days of Summer Real Estate Values Throughout The City in August

Victoria BC Real Estate Dog Days of Summer...August 2008

Dog Days of Summer with Real Estate in Victoria

Typical Slower time of year for real estate sales as people enjoy their Summer vacations.
A total of 517 homes and other properties sold in August through the Victoria Real Estate Board's Multiple Listing
Service® (MLS®) compared to the 616 sales in July. There were 846 sales in August of last year.

August 2008 Victoria Single Family Home Sales

Lets look at the Real Estate Market in Each District of Victoria

Oak Bay saw 12 home sales with an average selling price of $789,125
Current Active Listings of Single Family Homes 81
Victoria saw 36 home sales with an average selling price of $567,492
Current Active Listings of Single Family Homes 120

Saanich West saw 35 home sales with the average selling price of $500,397
Current Active Listings of Single Family Homes 130

Esquimalt saw 7 home sales with the average selling price of $450,186
Current Active Listings of Single Family Homes 28

Saanich East saw 41 home sales with the average selling price of $624,775
Current active Listings of Single Family Homes 262

Central Saanich saw 12 home sales with the average selling price of $613,250
Current Active Listings of Single Family Homes 81

North Saanich saw 5 home sales with the average selling price of $541,900
Current Active Listings of Single Family Homes 108

Sidney saw 12 home sales with the average selling price of $511,700
Current Active Listings of Single Family Homes 57

Colwood saw 20 home sales with the average selling price of $503,508
Current Active Listings of Single Family Homes 81

Langford saw 31 home sales with the average selling price of $504,764
Current Active Listings of Single Family Homes 159

Highlands saw 1 home sales with a selling price of $ 495,000
Current Active Listings of Single Family Homes 19

Sooke saw 18 home sales with a selling average price of $428,961
Current Active Listings of Single Family Homes 171

Waterfront(all districts) Home Sales throughout Greater Victoria totaled 3 home sales with the average selling price of $ 760,667
Current Active Listing of Single Family Lake and Ocean Waterfront Homes 149

- - Greater Victoria Single family home Sales for August showed an average selling price of $549,119, the medium selling price was at $512,000, The Median selling price is almost unchanged from August 2007 with a median then of $515,000. single family home Sale Prices as expected slowed throughout the region this Summer. See July Market update

There were 160 Condominium's Sold in August throughout Victoria with an average selling price of $302,200

There were 53 Townhouses Sold in August throughout Victoria with an average selling price of $413,994

Original Blog: www.victoriahomesandproperties.com
Stats Source: VREB

Posted by Victoria Oak Bay Realtor Fred Carver 250-598-2963 for Victoria Oak Bay Homes on 09/20/2008 02:35 PM

Comments (6)

Victoria Real Estate Sales for August in the Regional (Localism) Channel

august stats in victoria real estate, victoria real estate, fred carver remax agent victoria bc

Originally posted at: Victoria Real Estate Voice: Victoria BC Dog Days of Summer Real Estate Values Throughout The City in August

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6 Comments on Victoria BC Dog Days of Summer Real Estate Values Throughout The City in August

SEP

Fred ... Awesome report and keep it up!

Hi Fred! - Nice report on Victoria BC Dog Days of Summer Real Estate Values Throughout The City in August. While the numbers of sales may have taken a hit versus last year the good news is that the media sales price has remained consistent.

Hi Pippa...I decided I wanted a report that breaks down our different areas throughout Greater Victoria and posted this market report on my web site Blog first, then emailed it to clients and last but not least Finally posted it here for everyone one to see.

Cheers, glad you enjoyed it, thanks for visiting!

Hi Donna...At first while doing the report I thought there was a major shift happening...then I compared the Median Price with the same time last year. I believe the higher priced home sales have slowed with a lower number of Buyers for Victoria Million Dollar homes at this time of year!

SEP

Great report Fred. We have also seen a tremendous slowing in the sales of the higher priced homes in our area -- something that the media seems to not see or report on. -- John

Hi Alexander...Thanks, I plan on keeping this type of format for my market reports. It helps Buyers and Sellers see their market area of interest in Victoria. Luxury homes sales are slow here too, however their are Sales in the bracket that go un-announced on MLS.

Cheers, The Future looks Rosie, thanks for visiting. :O)

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Victoria BC Dog Days of Summer Real Estate Values Throughout The City in August

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