If you follow reports in the Victoria Times Colonist you may have noticed a few days ago that some real estate agents were reporting activity seems to be increasing. It will be interesting to see whether that anecdotal evidence has actually resulted in any measurable marketplace changes yet.
Today's report covers two years, ending January 31, 2009, and as usual, covers used homes located in the core area of Victoria (Victoria, Oak Bay, Esquimalt, View Royal, and Saanich).
The year-to-year trend continues - yearly listings for 12 months ending January 2009 are up by a small amount from the year ending January 2008 (up to 3,606 from 3,401). Single month listings for January 2008 were down from January 2008 by a count of by about 60, a drop of about 23%. But if you remember, single month sales in January 2008 were UP over the previous year's figure of 228, so this year seems to be off to a moderate start on the listings side of the equation.
As to sales, annual sales are down, dropping to 1,814 from 2,424 for the earlier 12 months (ending January 2008). The rate of change doesn't seem to be accelerating, or deccelerating for that matter. Figures are summarized in the Year Over Year Comparison (Chart 1) and the Three Month Comparison Charts (Chart 2), below.
Read on for the complete report on Victoria BC Residential Real Estate Single Family Homes Sales Activity for January 2009
Bye for now,