Victoria Real Estate update, 08-07-2012 reported by VREB

By
Real Estate Sales Representative with eXp Realty, Victoria BC www.pfanntastic.com

Greater Victoria Real Estate Daily Update in the past 24 Hrs. as at 08-07-2012 as reported by VREB (Victoria Real Estate Board).

IMG_3472

Market Snapshots in Greater Victoria Real Estate are often a very limited picture in time. Typically we see more sales and expired listings reported in the towards middle and the end of each month. We also notice more new listings just before and after the weekends, as well as price changes are often reported just before the weekend open houses. So why are we sharing these market snapshots for the Greater Victoria real estate?
  • Many people still think that all listings sell
  • Many Sellers wonder how long it will take to sell and or move
  • Many Buyers wonder what is selling and how active the market really is.
The Communities covered in our daily snapshot of the Greater Victoria Real Estate Market are;
  • Victoria
  • Saanich
  • Esquimalt
  • Oak Bay
  • View Royal
  • Saanich Peninsula Communities (Sidney, Central and North Saanich)
  • Westshore Communities (Highlands, Langford, Colwood, Metchosin, Sooke)
  • Malahat and other up Island communities.

Activity

Number

justlisted

New Listings

17

Back On The Market

0

Expired Listing

Expired Listing

2

cancelled listing

Cancelled Listings

0

whitehousesgn5

Listing Price Change

10

sale pending

Pending Sale

2

planesold

Sold

2

Our Greater Victoria Real Estate Daily Snapshot offers a quick glance in the local real estate market, however we caution readers that daily updates should not be interpreted as accurate representation of the current Greater Victoria Real Estate Market conditions. Greater Victoria Month To Date Real Estate Market Statistics This Table shows the Month to Date Real Estate Stats and are updated weekly (Monday’s) Including an estimate of the number of months of inventory if no new listings were added. in Greater Victoria, absorption rates of less than 4 months of inventory is considered a Sellers Market, 4 – 7 months of inventory s considered a Balanced Market 7+ Months of Inventory is Considered a Buyers Market

As At August 07, 2012

Month To Date August 2012

All Of August 2011

New Unconditional Sales

75

542

New Listings

207

1200

Active Listings

4836

4944

Months of Inventory

9.13

Considering Your Victoria Real Estate Options?
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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Topic:
Real Estate General Information
Location:
British Columbia Capital Area Victoria Greater Victoria
Groups:
Market Updates
City and State
Market Reports
Canadian Market Reports
2013MarketReports
Tags:
victoria
peninsula
langford
sooke
colwood
view royal
metchosin
saanich
oak bay
esquimalt
westshore
sidney bc

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