Greater Victoria Real Estate Listing & Sales Activity From December 11, To December 18, 2011

By
Real Estate Sales Representative with eXp Realty, Victoria BC www.pfanntastic.com
https://activerain.com/droplet/pSM

Greater Victoria Real Estate Listing & Sales Activity

From December 11, To December 18, 2011

Victoria, Esquimalt, Saanich Real Estate Market Watch

"Butchart Gardens, Brentwood Bay, Greater Victoria, BC
is a Pfanntastic Place to call Home for the Holidays"

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 Greater Victoria Real Estate Snapshot are:
Victoria, Saanich (East and West), Central Saanich, North Saanich, Sidney, Oak Bay, Esquimalt, View Royal, Highlands, Langford, Colwood, Metchosin, Sooke, Malahat.

If you would like to receive regular updates about real estate activity in your area, or the area you would like to move to, please use our Free Victoria Homes Now Tool that offers you to receive highly personalized and detailed property and statistical information at your fingertips.

Greater Victoria Weekly Residential, Real Estate Listings & Sales Update, Reported by the Victoria Real Estate Board for the Past Week.

 

New Listings New Listings 144
Back on the Market Back On Market 9
Added Inventory Added to Inventory (New Listings & Back on the Market) Total for the Week +151
Price Change Price Changed 93

Sale Pending

Sales Pending 79
Sold Listings Sold 142
Cancelled Listings Canceled Listings 45
Expired Listings Expired Listings 115
Reduced Inventory Inventory Removed (Canceled, Expired, Pending & Sold) Total for the Week. -381
Victoria real estate market update Inventory Change for the week

-230

The Victoria Holiday slow down is now in full force with overal less reported activity in all reported categories..... However we are still seeing considerable numbers of sales and inquiries.

This is the 23 st. out over the past 25 weeks of substantial reduction of inventory this week by 230 Fewer properties for sale.

We are still very busy and lots of people attending open houses, with less inventory,  buyers are still shopping for good homes and investments this time of the year, hoping to put a new home under their Christmas tree.

Further confirming that there is no doubt that we see a slowly improving and strengthening marketplace in Greater Victoria, for most areas and property types in and around the lower Vancouver Island region.

We also offer the Greater Victoria area, single family home market place reports for each community in and around Victoria. (you can read these reports here).

The Holiday season is a time of the year where many people have time off and as such have an opportunity to view homes and or explore their options for a new region to call home, so we are often very busy during the holiday season with out or town buyers, planning to buy while they are here.

In short, dependent what your plans are with your real estate decisions, it is very important to consult with your trusted real estate expert to develop a strategy that will optimize your options and opprtunities. (we would like to apply to become your trusted expert).

We continue to point out in our weekly review....... 93 Price Changes in one week,(read mostly price reductions).

"Deciding on The Right Asking Price is by far the most important decision sellers make to assist the sale of their property and why properties are Selling"

"(or why they are not selling)."

  • It is our experience, that if sellers want to sell their property in this still softer and more fragile market, our best advise to potential home sellers is to trust your agent and the price recommendations they offer you based on their comprehensive market value evaluation.
  • If you need a 2nd opinion, please do not hesitate to contact Peter and Linda Pfann, and it will be our pleasure to complete either a summary evaluation for you (see below) or provide our 60+ page, complete evaluation report which also includes our suggestions for optimizing the marketing results for your property.

Notes on our Weekly Review statistical information:

  • 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.

Victoria Homes Now, Instant Access to Victoria Property information 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, including New Listings & Value Estimates,   This absolutely Free no hassle service is completely customized to your specific requirements.
We call it:  Victoria Homes Now, 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 Homes Now Service is Free, The Information is Invaluable,

Request Your Instant Access to Victoria Properties Right Now!

Greater Victoria Real Estate Listing & Sales Activity From December 11, To December 18, 2011

Posted by

 

 

 

Peter Pfann,

CPCA, ABR, SRES, E-Pro, IMSD, Master ASA, C-CREC, Associate Broker.

Text or Talk To Peter @: (1) 250 - 213 - 9490  

peterpfann@gmail.com  www.pfanntastic.com

Pfanntastic Properties in Victoria, BC, Canada, @ Fair  Realty Since 1986.

Regional office: 1540 Fort St Victoria, BC V8S 5J2

 

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Rainmaker
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Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

There does look like 23 straight weeks of less inventory. With buyers looking and getting the price right, a seller should sell in a very reasonable period of time. Buyers and sellers who are serious should seek out the Pfanns for Pfantastic results.

Cal

Dec 18, 2011 04:48 AM #1
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Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

Wow! Was the 144 new listings, 144 new listings in the month of November?! Surely not!! 

Dec 18, 2011 05:00 AM #2
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Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986.
eXp Realty, Victoria BC www.pfanntastic.com - Victoria, BC
Talk To or Text Peter 250-213-9490

HI Cal,

Things are slowly improving with fewer listings on the market and good properties and well priced properties selling every day in Greater Victoria.

HI Joni,

That was 144 new listings for the past week in Greater Victoria, with about 4,000 currently listed in our board, that is a slow listing week for us in Victoria

Dec 18, 2011 06:04 AM #3
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