Greater Victoria Real Estate Weekly Update 08-20 till 08- 27–2012.

Greater Victoria Real Estate Weekly Update for the Week from 08-20 till 08- 27–2012 as reported by VREB (Victoria Real Estate Board).

We Take our Quick weekly Real Estate Market Snapshot for the Greater Victoria Real Estate market place. Market Snapshots are a picture in time, and offer a quick impression of the current activity in the market, which can be of some assistance to those that are currently buying or selling and or those that are considering their options with an eye on making a real estate decision in the near future. 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 Market 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 For the Week	Activity	Number
	New Listings	192
	Back On The Market	13
	Expired Listing	61
	Cancelled Listings	68
	Listing Price Change	196
	Pending Sale	103
	Sold	113

Our Greater Victoria Real Estate Daily Snapshot offers a quick glance in the local real estate market, however we caution readers that daily even weekly or monthly updates should not be interpreted as accurate representation of the current Greater Victoria Real Estate Market conditions, If you need some accurate interpretation on how the current market conditions are affecting you and or the value of your property, please Talk or Text To Peter 250 213 9490.   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	358	542
New Listings	810	1,200
Active Listings	4,813	4,944
Months of Inventory		9.13

Considering Your Victoria Real Estate Options?

• What is My Home Worth, and How Long would it Take to Sell?
• Why Pay more for Pfanntastic Victoria Real Estate Results?
• How To Receive CA$H-BACK On Your Home Purchase.