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Greater Victoria Real Estate Listing & Sales Activity Weekly Market Watch For May 8, May 15, 2011

Greater Victoria Real Estate Listing & Sales Activity Weekly Market Watch
For May 8, May 15, 2011
Victoria, Esquimalt, Saanich Real Estate Market Watch

"Dennyson Park, Waterfront Park, at the end Grafton St. Esquimalt,  Victoria BC,

within 5 minutes to Downtown Victoria, Next door to the Navy Base.

Every Week Peter and Linda Pfann take a quick reading of the  Greater Victoria Real Estate Market (based on MLS information) for you. Below is our overview of the Victoria Real Estate Market over the past week.

Greater Victoria Weekly Residential, Real Estate Listings & Sales Update as Reported by the Victoria  Real Estate Board for the Past Week.

 

New Listings New Listings 391
Back on the Market Back On Market 7
Added Inventory Added to Inventory (New Listings & Back on the Market) Total for the Week 398
Price Change Price Changed 231

Sale Pending

Sales Pending 124
Sold Listings Sold 59
Cancelled Listings Canceled Listings 69
Expired Listings Expired Listings 55
Reduced Inventory Inventory Removed (Canceled, Expired, or Sold) Total for the Week. 307

When The Number of Properties Added to the Inventory Exceeds the Number of Properties Removed from the inventory for a longer period of time (4+ months), the market is slowing down and prices will remain level or likelyreduce.

If The Number of Properties Removed from the Market Exceeds the New Inventory for a longer period of time (4+ months) the market is active, and prices will be level and eventually will increase..

When you monitor our Victoria Real Estate Daily Market Watch over a period of time you can easily see if and or how the Victoria Real Estate Market is following a traditional or less usual pattern.
As always it is nearly impossible to apply the generalities of the entire market place to your particular personal situation, we encourage you to always best to consult with your local real estate specialist (in Greater Victoria that would be Peter and Linda Pfann off course).   It would be our pleasure and privilege to review and discuss all your plans, dreams and options, in total confidence and without obligations.

If you are considering to buy or sell real estate in and around greater Victoria, and want to know more about your area of choice or where your current property is, We also offer a Pfanntastic Web based Tool, that will keep you informed about Market activity  (new listings, sales and adjustments) stat, graphs and a variety of additional handy tools for your benefit. We call it Victoria Market Snapshot, and this amazing little tool will ask you a few questions, and will then provide you with a monthly snapshot of  the property type(s), location (s) and activity by emailing you a quick link to this totally personalized tool. Victoria Real Estate Market SnapshotThis Pfanntastic Market Snapshot Service is Free, the information is Invaluable, and will provide great insight and assistance in achieving your real estate objectives.

Be sure to check it out. Victoria Real Estate Market WatchClick Here For Access to all the MLS listings in Greater Victoria, BC Canada,


  We have found, over the past 25 years, that early in the year inventory builds faster compared to at any other time of the year. During the mid to late spring we tend to start seeing a more balanced situation between number of new listings and listings back on the market, versus, sales pending, actual sales, cancellations and expired listings.
Later in the year we tend to see inventory decline a bit  (as well as the number of sales).
On a monthly base you will typically also see that most sales will complete (ownership transfers) at or near the end of the month. These are the typical market movements, but one can never be certain of these trends to occur until one reviews the years events after it has happened....


If you are considering to purchase and or sell a property, the sheer volume of information available can be a bit overwhelming, it is our job to make your real estate plans and dreams become reality, in the process it would be our pleasure to simplify and streamline what can be a very emotional and confusing time in your life.  If you have any questions, concerns, suggestions,  we are here to assist you every step of the way.

 

Victoria, Saanich, Esquimalt, real estate, Moving To VictoriaThis Information was provided to you compliments of Victoria BC Realtors, "Peter and Linda Pfann", Certified Professional Consultant on Aging (CPCA)®.  CPCAs are committed to providing exceptional service, and have supplemented their professional training by learning about the unique and changing needs of the 50+ population.

Make sure that the professionals serving you have taken the time and made the commitment to learn more about YOU!  To find CPCAs in good standing in your area, go to www.CPCAcanada.com.
 or www.pfanntastic.com  and www.victoriasm.com.  To Find additional Victoria, BC, Canada, Senior Focused Resources, please visit "The Elder Friendly Community Network"  

 To Find out how we serve Greater Victoria Boomers and Seniors and their families with their real estate plans and needs in and around Greater Victoria BC, please call Peter and Linda Pfann in Victoria BC, Canada at (250)-213-9490 or info@pfanntastic.com.

 

 

 

 

Peter Pfann,

CPCA, ABR, SRES, E-Pro, IMSD, Master ASA, C-CREC, Associate Broker.

Text or Talk To Peter @: (1) 250 - 213 - 9490  

peterpfann@gmail.com  www.pfanntastic.com

Pfanntastic Properties in Victoria, BC, Canada, @ Fair  Realty Since 1986.

Regional office: 1540 Fort St Victoria, BC V8S 5J2

 

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