Real Estate Information

Month-to-Date Market Statistics as of May 17 2010

As you can see by the numbers below, the tides have definitely shifted, and we are now in the midst of a more balanced, stable market.

The next couple of months will dictate what the remainder of the year will look like. With the HST coming into effect, there will be downward pressure on prices of new homes. The number of sales in Canada has dropped this month by 2.6% while the number of listings increased. For the entire country there is an average of 5.3 months of listing inventory available, which indicates a balanced market. 

Please Note

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

Month-to-Date Market Statistics as May 10 2010 - 9:00am:

Please Note

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

Join our Unique Buyer Profile Service and Receive Daily Updates of HOT, NEW LISTINGS as they hit the market! It's Fast. Easy. Automatic. FREE!  

VictoriaHomeListings.com is a FREE service to help area home buyers find their dream home. Your first email will list all homes currently for sale that meet your search criteria. Then each morning you will be emailed a list of all of the new homes for sale and price changes since your previous search. No more having to rely on manual searches.

Month-End Market Statistics for April 2010

Please Note

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

Month-to-Date Market Statistics as of Monday, April 26, 2010 9:30am:

Please Note

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

This blog post has nothing to do with real estate...it's here so you'll take a couple minutes of your day to just sit back, reflect and hopefully feel good.

Sometimes we stop and wonder why - why are we here, what is our purpose, and why do we do what we do?

The question, "What would you do if today was your last day?" is one of those questions that if you really think about, can change you life. We won't be able to know exactly what day will be our final day here. This is why it's important to do what you can while you're still here.

Month-to-Date Market Statistics

Monday, April 19, 2010 7:45am:

Please Note

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

Thinking about a move? 

We GUARANTEE YOUR HOME SOLD IN 60 DAYS OR LESS, OR WE SELL IT FOR FREE!! For More Details Click Here 

The latest stats indicate that sales for the month of April are on pace to hit 500-600 unconditional sales by the end of the month. This is average for this time of year. We are also witnessing an increase on the number of listings hitting the market...are we now finally reaching a balanced market?

Here are the month-to-date market statistics for April 2010. 

Please Note

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

The number of homes and other properties sold in Greater Victoria area rose substantially in March compared to both the previous month and to March of last year. The anticipated increase in interest rates has likely prompted some buyers to make their move sooner than later. A total of 789 homes and other properties sold in March through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), up 27 per cent from the 621 sales in February. There were 602 sales in March of last year. Prices for single-family homes and condominiums rose moderately while prices for townhomes were mixed.

The average price for single-family homes sold in Greater Victoria last month was $633,938 up from $620,833 in February. The median rose to $569,950. The six-month average was $623,508.

The overall average price for condominiums was $336,779 last month, up from $304,163 in February. The average for the last six months was $322,663. The median price for condominiums in March rose to $305,000. The average price of all townhomes sold last month was $456,446 down from $460,900 in February. The median price, however, rose to $439,800. The six month average was $456,368.

Here is the final tally of sales for the entire month of March.

Please Note

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