Saanich West, 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/rKn

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

 

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

  • 28 Fewer Listings during the year, on 606 listings is 4.5 %  fewer
  • 20 Fewer Sales during the year in Saanich West, (6.57 % fewer)
  • 50.17 % of all Listings Sold  (down 0.93 % from 2010)
  • The Average time on the Market for the Homes that did sell increased by 17 days.
  • In General for Saanich West 2011 was very much a treading water type year, with not too many significant changes in so far as the numbers of listings and sales.

Saanich West, Single Family Homes Real Estate Market 2011 Year in Review.
Reviewing Single Family Home Market Value Activity for the Saanich West for 2011:

  • Average Sales Prices Increased Modestly by little over 4.18%,
  • The Median Sale Price Increased by a bit over 7.14 %)
  • The Spread between List & Sale Prices Decreased Slightly (1.09 %)
  • 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 Increase in Saanich West Sales Prices is an indicator that people are recognizing Saanich West for the reasonably good value that it represents in Greater Victoria.

 

 

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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British Columbia Capital Area Saanich Saanich West
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Market Updates
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Tags:
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market 2011 year in review saanich east

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Joni Bailey
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At first, I did not realize the Las Vegas post was a reblog and i was wondering how you managed to get that listing! LOL!

Jan 22, 2012 04:30 PM #1
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It's late and my mind must need a break! ☺

Jan 22, 2012 04:30 PM #2
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Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986.
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Hi Joni,

the price for an average 1 bedroom suite here is in the $ 200,000 range. we wanted to offer a bit of exciting opportunity for our local readers...

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