Saanich East, Single Family Homes Real Estate Market 2011 Year in Review

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

Saanich East, Single Family Homes Real Estate Market 2011 Year in Review Saanich East, Single Family Homes Real Estate Market 2011 Year in Review  
Saanich East Is Located Just North of Oak Bay and Victoria, and East of the Pat Bay Highway, and combined with Saanich West is the Largest Municipality  in Greater Victoria.

 

 

Saanich East, Single Family Homes Real Estate Market 2011 Year in Review
Reviewing Single Family Home Market Activity In Saanich East for 2011:

  • 30 More Listings during the year, on 1249 listings is less than 2.5 % 5 More Sales during the year in Saanich east,
  • 52.52 % of all Listings Sold  (down 0.89 % from 2010)
  • The Average time on the Market for the Homes that did sell increased by 4 days.
  • In General for Saanich East 2011 was very much a treading water type year, with not no many significant changes in so far as the numbers of listings and sales.

Saanich East, Single Family Homes Real Estate Market 2011 Year in Review

Reviewing Single Family Home Market Value Activity for the Saanich East for 2011:

  • Average Sales Prices Declined Modestly by little over 6.18%,
  • The Median Sale Price Declined by a bit over 7.35 %)
  • The Spread between List & Sale Prices Increased Slightly (0.23 %)
  • Some Neighbourhoods did see significant Changes in sales value results, but with a limited data sample (anything less than 5% of the total number of sales in a community) these numbers are not reliable value indicators for the area.
  • The Overall Decrease in Saanich East Sales Prices is consistent with most areas in Greater Victoria.
  • We feel confident that In Saanich East we are at or even past the lowest point in the Market place.

 

 

Here is a link to the Victoria Real Estate Board Statistical Reports, published every month.

 

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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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