Pre-owned Homes In Victoria - Market Report for December 2008

Happy New Year everyone.

The very first thing to talk about in 2009 is 2008. It was quite a year, and this post is an end-of-the-year report of pre-owned single family home sales activity. The report covers two years, ending December 31, 2008, and covers used homes located in the core area of Victoria (Victoria, Oak Bay, Esquimalt, View Royal, and Saanich).

The year-to-year trend continues - yearly listings are up somewhat (up to 3,666 from 3,387), and yearly sales are markedly down (dropping to 1,851 from 2,413). These changes are summarized in the Year Over Year Comparison (Chart 1) and the Three Month Comparison Charts (Chart 2), below.

The chart to the right shows (Chart 3) shows the total (cumulative) 12-month listings and sales for each month during the past year. In effect, the lines on this graph are trend lines. No ...

Read on for the complete report on Victoria BC Residential Real Estate Single Family Homes Sales Activity for December 2008

Bye for now,