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.
- 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 |
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 |
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