Oak Bay Real Estate Market Review May 27, 2018
May Oak Bay Real Estate Activity-Indicates a Sellers Market in Oak Bay.
Oak Bay Real Estate May Single Family Home Stats:
Total Oak Bay Single Family Home Sales in
May = 65
Average Oak Bay Home Pending Selling Price in May $ $1,548,992.
Total Oak Bay Single Family Home Completed Sales in May = 14
Average Oak Bay Completed Home Selling Price $$1,252,521
Oak Bay Real Estate activity since Jan1 of 2018 indicates a Seller market with 3.8 months of inventory of Single Family homes
This report may not indicate a market trend in the coming months in Oak Bay BC, however it should give you an idea of the current Oak Bay real estate activity with Oak Bay single family homes, (since January).
Number of Single Family Homes Currently For Sale in Oak Bay
Average Asking Price = $2,191,916 (83 homes over 1 million dollars for sale)
Average Days on the Market = 46
Current Pending May No Sales = 20 One up from 19 Pending sales in April
Current Average Pending Selling Price = $1,585,975
Days on the Market = 13 down from 19 in April.
Single Family Oak Bay Homes Sold in 2018 (completed single family home sales Jan 1/18 to May 27/18 = 81
Let's look at what the current Oak Bay Real Estate activity is telling us.....
These Stats indicate Oak Bay Real Estate is currently a Sellers market, meaning little room to negotiate for Oak Bay home Buyers.
Information source Victoria Real Estate Board database on Matrix
Data complied by Fred Carver May 27/18 who has 45 plus years experience selling real estate in Oak Bay for Re/Max Camosun-
#fredcarveroakbay #oakbayrealestate #oakbayhomes.
Oak Bay Real Estate Market Review | May 27, 2018