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Oak Bay Real Estate Market Review

By
Industry Observer with Retired BC Realtor
Fairfield Market Update May 25

We here at Fred Carver Real Estate Marketing Re/Max Camosun continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends.  Below you will find Oak Bay real estate market review for May 25, 2008.

New Listings Homes, Condo’s and Townhouses this week = 15

Total Number of Active Listing = 129

Number of NEW Pending sales= 4

Number of Sold’s this week (completed sale) = 3

Number of homes expiring this week= 0

Current Pending Sales -Average days on the market= 54

Year to-date (05/25/07 to 05/25/08) Activity:  Solds = 314 Pending = 62, (Pending Average Days on the Market= 33)  Pending average selling price = $946,629

Year to Date Average Selling Price of homes = 307 Sales YTD Average Selling Price $907,300


To find the value of your home visit
www.fredcarver.com

If you would like a free list of homes for sale in this neighborhood, and would like more information about Oak Bay or would like to be the first to know about HOT new listings before other buyers do, then give me a call at: 598-2963

Fred Carver Associate Broker

Promise Made…Promises Kept !

Fred Carver Real Estate Marketing with Re/Max Camosun

598-2963,  Calling from out of town? Call toll free 1-800-663-2121

Find Hundreds of homes for sale throughout Victoria

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HAVE YOUR BEST YEAR EVER IN 2015 !

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  "Selling Victoria Residential & Income Producing Properties since 1971"

 

Cheers

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

Dennis Sanchez
Coldwell Banker Tenafly - Hackensack, NJ

that area seems like a nice are to do business in.  There is a lot of homes for sale though.

May 25, 2008 04:03 AM
Fred Carver Real Estate Consulant
Retired BC Realtor - Victoria, BC
Accredited Real Estate Consultant

Hi Dennis...About 60% of our listings are selling in a month, I expect this number to be higher by months end, as May is a very busy time for Home Sales throughout Victoria. Just Last weekend I Sold a New listing in 2 days, three offers and selling for $12,000 over our asking price. Correct Pricing and good marketing are important.

Cheers, come again, have a great day!

May 25, 2008 04:07 AM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Fred excellent work in keeping people informed on what is going on in Oak Bay.

May 25, 2008 11:32 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good news for the economy. Nice post. Wish you good luck.

May 25, 2008 11:43 PM
Fred Carver Real Estate Consulant
Retired BC Realtor - Victoria, BC
Accredited Real Estate Consultant

Hi Bill....I find Seller are emailing me even if they are listed with other Realtor to find out what is going on in their market area of Victoria.

Cheers, thanks for visiting.

May 26, 2008 02:57 AM
Fred Carver Real Estate Consulant
Retired BC Realtor - Victoria, BC
Accredited Real Estate Consultant

Hi Gita...So far our Real Estate economy is strong, with a fairly balanced market, Pricing as you Know is very important.

Cheers, thanks for visiting come again anytime.

PS: Be sure to Post a Blog at least once a week for good search engine placement.

May 26, 2008 03:00 AM
Denise Shockey
RE/MAX Aerospace Realty - Cocoa Beach, FL
Cocoa Beach, Brevard County Florida Real Estate

Hi Fred, looks like things are going well in your area.  Great job on the posts, very informative.  Thanks!

May 29, 2008 01:30 PM
Fred Carver Real Estate Consulant
Retired BC Realtor - Victoria, BC
Accredited Real Estate Consultant

Hi Denise...Our Real Estate Market in Victoria, is fairly blanced with around 60% of our listings selling in 30 days, Price is of course the main reason, along with Condition and of course our marketing.

If a home is not priced correctly, it'll sit and sit and sit. I  educate my Clients about the benifits of pricing to effect a timley sale and good sale price for them. Victoria Buyers are comparitive shoppers and look for well priced homes in good condition( move in ready).

How's your Real Estate  Market doing in Brevard Countty Florida?

May 29, 2008 03:15 PM
Denise Shockey
RE/MAX Aerospace Realty - Cocoa Beach, FL
Cocoa Beach, Brevard County Florida Real Estate

Hi Fred, activity is picking up!  Inventory is slowly, but steadily going down, and its looking a great deal better than it has in two years.  Thanks for asking!

May 30, 2008 12:52 PM
Fred Carver Real Estate Consulant
Retired BC Realtor - Victoria, BC
Accredited Real Estate Consultant

Hi Denise.. Busy Friday for me, Subjects off a B&B listing , two closing that need keys, and now catch up here.

I thought, according to the Press your market had just Crashed this last year, we're slow to get the News. Donald Trump told everyone on a TV interview Last January to Buy this year, as the Real Estate Market will bottom in America in 2008. Lets hope he's is right!

Have a great weekend keep Blogging...Cheers

May 30, 2008 04:09 PM