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Oak Bay Real Estate Market | May 27, 2018

Industry Observer with Retired BC Realtor

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:

Oak Bay HomeTotal 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

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 Link to My web SiteTwitter Fred Carver     Find Fred on Google  Fred Carver on Facebook    Fred Carver on LinkedIn

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  "Selling Victoria Residential & Income Producing Properties since 1971"



Fred Carver

Personal Real Estate Corporation

RE/MAX Camosun
Accredited Consultant in Real Estate®

“Recognized by ActiveRain as a 2013-2014 Top Contributor for Real Estate Blogging.”

Direct 250-598-2963   

Over 40 Years Experience selling Real Estate does make a Difference.. call Fred today to Put his 40 years experience to work for You.

4440 Chatterton Way, Victoria, BC V8X 5J2
Calling from Out Of Town? Call Toll Free 1-800-663-2121

Find Hundreds of Home For Sale in Victoria BC

Post Copyright © 2016 By Fred Carver Real Estate Corporation All Rights Reserved

Fred Carver Top Realtor Victoria BC

Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Fred Carver Personal Real Estate Corporation Thank you for taking the time to prepare and share this information.  It is most informative.

May 28, 2018 08:08 AM
Fred Carver Real Estate Consulant

Thanks Jim Crawford Drop by again soon.

Have a fun and successful week

May 28, 2018 09:19 PM
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Fred, I like your market report and keep selling!

Hope you had a wonderful Memorial Day 2018 and ...

I wrote a new post about reaching out to ActiveRain members that are following me at the AR network, your name showed up #185 on my list ;o)

Please not: The number order has nothing to do with who's my favorite, I am going from the first page of followers and I am on page 51 and there approx 12 members per page.

May 31, 2018 04:08 PM
Fred Carver Real Estate Consulant
Retired BC Realtor - Victoria, BC
Accredited Real Estate Consultant

Hi Robert Vegas Bob Swetz Thanks for your positive Comments and thanks  for dropping by.

Have a fun and successful week.

May 31, 2018 06:42 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

This is very well done, Fred. I know you know your market well. Wishing you a wonderful weekend.

Jun 01, 2018 06:54 PM
Fred Carver Real Estate Consulant
Retired BC Realtor - Victoria, BC
Accredited Real Estate Consultant

Hi Debbie Reynolds Thanks for dropping by, you to have a fun and successful weekend!

Jun 02, 2018 05:56 AM