"Saxe Pointe Park in Esquimalt, BC Near Victoria
is a Pfanntastic Place to Call Home"
Every Week Peter and Linda Pfann take a quick reading of the Greater Victoria Real Estate Market (based on MLS information) for you. Below is our overview of the Victoria Real Estate Market over the past week.
The Vancouver Island BC Communities and Areas included in this information are:
Victoria, Saanich (East and West), Central Saanich, North Saanich, Sidney, Oak Bay, Esquimalt, View Royal, Highlands, Langford, Colwood, Metchosin, Sooke, Malahat.
 |
New Listings | 221 |
 |
Back On Market | 10 |
 |
Added to Inventory (New Listings & Back on the Market) Total for the Week | 231 |
 |
Price Changed | 207 |
|
|
Sales Pending | 117 |
 |
Sold | 122 |
 |
Canceled Listings | 70 |
 |
Expired Listings | 64 |
 |
Inventory Removed (Canceled, Expired, Pending & Sold) Total for the Week. | 373 |
| Inventory Change for the week |
-142 |
For the 9 th week in a row we are reporting a reduction in inventory and Reasonable Sales results for the season, which eventually will strengthen the balance in the Greater Victoria real estate market.
We are starting to see increased viewings and showings on active listings to kick off the Fall selling season. We hope and anticipate that this will result in increased sales results between now and the end of November.
If The Number of Properties Removed from the Market Exceeds the New Inventory for a longer period of time (3-4+ months) the market is active, and prices will level and eventually increase.
When The Number of Properties Added to the Inventory Exceeds the Number of Properties Removed from the inventory for a longer period of time (3-4+ months), the market is slowing down and prices will remain level or likely reduce.
Monitor our Victoria Real Estate Daily Market Watch over a period of time and you can easily see how the Victoria Real Estate Market is progressing.
As always it is nearly impossible to apply the generalities of the entire market place to your particular personal situation, we encourage you to always best to consult with your local real estate specialist (in Greater Victoria that would be Peter and Linda Pfann off course). It would be our pleasure and privilege to review and discuss all your plans, dreams and options, in total confidence and without obligations.
Here is a link to the Victoria Real Estate Board Statistical Reports, and published every month.
Planning to buy, sell, upgrade, downsize, invest in real estate or relocate to Greater Victoria, and need information about your present or new area of choice?....... No Problem.
Peter and Linda Pfann now offer a FREE Pfanntastic Internet Service, keeping you informed about Greater Victoria Market Activity, includingnew listings, current and recent sales, price adjustments, statistics, graphs and a variety of additional handy real estate tools for your benefit. This absolutely Free no hassle service is completely customized to your specific requirements.
We call it Victoria Market Snapshot, and this amazing little tool will ask you a few questions, and provides you with an updated snapshot of the property type(s), location (s) and real estate market activity as per your requirements.
The Pfanntastic Victoria Market Snapshot Service is Free, The Information is Invaluable, Request Your Victoria Market Snap Shot Right Now!
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