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Greater Victoria Real Estate Listing & Sales Activity From August 21 to August 28, 2011

Greater Victoria Real Estate Listing & Sales Activity
From  August 21, to August 28, 2011

 

Victoria, Esquimalt, Saanich Real Estate Market Watch

 

 "Saxe Pointe Park in Esquimalt, BC Near Victoria

is a Pfanntastic Place to Call Home"

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.

The Vancouver Island BC Communities and Areas included in this information are:
Victoria, Saanich (East and West), Central Saanich, North Saanich, Sidney, Oak Bay, Esquimalt, View Royal, Highlands, Langford, Colwood, Metchosin, Sooke, Malahat.

 

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

 

New Listings New Listings 221
Back on the Market Back On Market 10
Added Inventory Added to Inventory (New Listings & Back on the Market) Total for the Week 231
Price Change Price Changed 207

Sale Pending

Sales Pending 117
Sold Listings Sold 122
Cancelled Listings Canceled Listings 70
Expired Listings Expired Listings 64
Reduced Inventory Inventory Removed (Canceled, Expired, Pending & Sold) Total for the Week. 373
  Inventory Change for the week

-142

For the 9 th week in a row we are reporting a  reduction in inventory and Reasonable Sales results for the season, which eventually will strengthen the balance in the Greater Victoria  real estate market.

We are starting to see increased viewings and showings on active listings to kick off the Fall  selling season. We hope and anticipate that this will result in increased sales results between now and the end of November.

 

If The Number of Properties Removed from the Market Exceeds the New Inventory for a longer period of time (3-4+ months) the market is active, and prices will level and eventually increase.

When The Number of Properties Added to the Inventory Exceeds the Number of Properties Removed from the inventory for a longer period of time (3-4+ months), the market is slowing down and prices will remain level or likely reduce.

Monitor our Victoria Real Estate Daily Market Watch over a period of time and you can easily see how the Victoria Real Estate Market is progressing.


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.

 Here is a link to the Victoria Real Estate Board Statistical Reports, and published every month.

Victoria Real Estate Market SnapshotPlanning to buy, sell, upgrade, downsize, invest in real estate or relocate to Greater Victoria, and need information about your present or new area of choice?....... No Problem.
Peter and Linda Pfann now offer a FREE Pfanntastic Internet Service, keeping you informed about Greater Victoria  Market Activity, includingnew listings, current and recent sales, price adjustments, statistics, graphs and a variety of additional handy real estate tools for your benefit. This absolutely Free no hassle service is completely customized to your specific requirements.
We call it Victoria Market Snapshot, and this amazing little tool will ask you a few questions, and provides you with an updated snapshot of the property type(s), location (s) and real estate market activity as per your requirements.                               
 The Pfanntastic Victoria Market Snapshot Service is Free,      The Information is Invaluable,     Request Your Victoria Market Snap Shot Right Now!

 

 

 

 

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

 

Comments

Peter & Linda - I LOVE your real estate market report for Greater Victoria.

Posted by Michelle Gibson, REALTOR (Hansen Real Estate Group Inc. ) about 9 years ago

HI Michelle,

thank you for your kind feedback and support for our Victoria weekly market update

 

Posted by Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986., Talk To or Text Peter 250-213-9490 (eXp Realty, Victoria BC www.pfanntastic.com) about 9 years ago

Hi Peter and Linda. Nine weeks of reporting a reduction in inventory of homes is GREAT news for your area. I just love your color chars with all those stats too.

Posted by Jerry Newman, Texas REALTOR, San Antonio Military Relocation (Brown Realty, 210-789-4216,www.JeremiahNewman.com) about 9 years ago

Hi Jerry,

Thanks for reviewing our market update, yes we are looking a little better, however the majority of the inventory reduction is due to expired and or cancelled listings, our sales volutme is still a bit softer than what it would be in a more optimistic market, but we are seeing improvements.

Posted by Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986., Talk To or Text Peter 250-213-9490 (eXp Realty, Victoria BC www.pfanntastic.com) about 9 years ago

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