Real Estate Information

With the market continuing to be very active (still a sellers market) the first weeks production has been red hot: 162 unconditional sales.

Here are the latest Month-to-Date Market Statistics for Greater Victoria

Mar 08 2010 Monday, 8:00am:

Please Note

• Left Column: stats so far this month
• Right Column: stats for the entire month from last year

Although the 2010 Winter Olympics were creating quite the stir in Vancouver, it was our real estate market in Victoria that was "Going for Gold" here on the island.

A total of 621 homes and other properties sold in February through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), up from the 418 sales in January and 403 sales in February of last year.  Prices for single-family homes and condominiums softened somewhat while prices for townhomes rose slightly.

According to the Victoria Real Estate Board, sales have now returned to historically more normal levels,  as a year ago the market was just beginning to emerge from the economic downturn. The number of properties available for sale again increased last month - there were 3,280 properties available for sale - up from 2,793 at the end of January but still down slightly from 3,844 properties for sale at the end of February a year ago.

The average price for single-family homes sold in Greater Victoria last month was $620,833 down from $644,678 in January. The median price also declined to $560,950. The six-month average was $620,174. There were 20 sales of over $1 million, including one sale on the Gulf Islands for over $2.5 million. The overall average price for condominiums was $304,163 last month, down from $313,337 in January. The average for the last six months was $320,376. The median price for condominiums in February declined to $285,000. The average price of all townhomes sold last month was $460,900 up from $453,013 in January. The median price rose to $430,000. The six month average was $453,440.

MLS® sales last month included 296 single family homes, 192 condominiums, 78 townhomes and 14 manufactured homes.

Call Rob Cvitanovic (sit`an`oh`vik)...your local real estate expert, if you or anyone you know is thinking about buying or selling any residential or commercial real estate.

Rob  Cvitanovic (sit`an`oh`vik)...The Experience Will Move You!

Keller Williams Realty West

Office:(250) 595-3200   Cell: (250) 704-6970

Month-to-Date Market StatisticsFeb 22 2010Monday, February 22, 2010 8:00am:

Please Note

• Left Column: stats so far this month
• Right Column: stats for the entire month from last year

Here's a great video that outlines the current market activity in Canada

As the fall season winds down, the Victoria, BC real estate market continues to cruise at a steady pace.

The latest stats for the past 7 days (dated Nov.23-30), the Victoria Real estate Board reported: 142 Unconditional Sales and 163 New Listings.

To date, the month of November had 562 Unconditional Sales; 770 New Listings; while total amount of active listings dropped to 2984. The drop in listings is quite common for this time of the year. We typically find more listings coming off the market as it get closer to Christmas.

The Victoria real estate market is a stable and balanced market and will most likely continue to be a strong market into the new year.

Call Rob Cvitanovic (sit`an`oh`vik)...your local real estate expert, if you or anyone you know is thinking about buying or selling any residential or commercial real estate.

Rob  Cvitanovic (sit`an`oh`vik)...The Experience Will Move You!

Keller Williams Realty West

Office:(250) 595-3200   Cell: (250) 704-6970

As the fall season winds down, the Victoria, BC real estate market continues to cruise at a steady pace.

For the week of November 17-24, the Victoria Real estate Board reported: 154  Unconditional Sales and 175 New Listings.

To date, the month of November (Nov.1-24) had 420 Unconditional Sales; 617 New Listings; while total listing inventory is 3045 Listings.

These stats indicate that the Victoria real estate market is a stable and balanced market, and the amount of activity is typical of most average month's throughout the year.

If you, or someone you know, is thinking about buying or selling a commercial or residential property in Victoria, BC, call Rob Cvitanovic (sit`an`oh`vik)...you local real estate expert.

Rob  Cvitanovic (sit`an`oh`vik)...The Experience Will Move You!

Keller Williams Realty West

Office:(250) 595-3200

Cell: (250) 704-6970

The market is definitely following its seasonal trends. Sales are slowing as the preparation for Christmas begins, and the number of listings hitting the market is slightly down.

Nevertheless, the Greater Victoria real estate market is still fairly active and here are the current numbers for the first two weeks of November:

266 Unconditional Sales 

442 New Listings

Total Listing Inventory: 3099

If you, or someone you know, is thinking about buying or selling a residential or commercial property, call Rob Cvitanovic...your local real estate expert!

Rob Cvitanovic (sit`an`oh`vik)... The Experience Will Move You!  

We're on pace for another great month of sales in Greater Victoria. Buyers are still taking advantage of low interest rates, and their motivation is increasing with the speculation that prices will increase in 2010.

The move up market is still thriving, although the number of new listings coming on the market has dropped.

Here are the up-to-date stats for the month of November (From Nov. 1-9, 2009):

142 Unconditional Sales

272 New Listings 

Total Number of Active Listings: 3149

If you're thinking about buying or selling, give Rob Cvitanovic, your local real estate specialist, a call at (250) 704-6970.

Rob Cvitanovic (sit`an`oh`vik)... The Experience Will Move You!

Nov. 2, 2009: Continued Strength in the Local Real Estate Market

Property sales throughout the Victoria area last month were at their highest level for the month of October since 1992. It was the sixth month in a row that property sales were higher than in the corresponding month of last year. A total of 742 homes and other properties sold in October through the Victoria Real Estate Board's Multiple Listing Service® (MLS®), down slightly from the 776 sales in September and up more than double the 316 sales in October of last year. Prices, meantime, remained stable.

It looks as though the market has clearly recovered from the downturn late last year and early this year; REALTORS® are working hard to find suitable properties for buyers. The number of properties available for sale has dropped substantially from a year ago and now stands at 3,219 - down 31 per cent from October of last year. There will always be month to month fluctuations in prices, this reduced inventory will inevitably bring some upward pressure on prices!

The average price for single family homes sold in Greater Victoria last month was $590,567, down from $619,936 in September. The median price was $536,000. The six-month average was $587,623. The overall average price for condominiums was $322,349 last month, down slightly from $325,106 in September. The average for the last six months was $316,137. The median price for condominiums in October was $297,000. The average price of all townhomes sold last month was $438,058 down from $441,966 in September. The median price dropped slightly to $409,500. The six month average was $431,675.

MLS® sales last month included 400 single family homes, 203 condominiums, 76 townhomes and 12 manufactured homes.