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Greater Victoria Real Estate Listing & Sales Activity From September 11, to September 18, 2011

Greater Victoria Real Estate Listing & Sales Activity
From September 11, To September 18, 2011

 

Victoria, Esquimalt, Saanich Real Estate Market Watch

 

"Central Saanich, a Perfect Farming Community

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.

Near the Bottom of this Greater Victoria Market update Report, you will find a selection of available properties for sale in the area, if you would like to receive regular updates about rea lestate activity in your area, or the area you would like to move to, please use our Free Market Snapshot Tool that offers you to receive highly personalized and detailed property and statistical information at your fingertips.

 

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

 

New Listings New Listings 308
Back on the Market Back On Market 19
Added Inventory Added to Inventory (New Listings & Back on the Market) Total for the Week +327
Price Change Price Changed 212

Sale Pending

Sales Pending 104
Sold Listings Sold 124
Cancelled Listings Canceled Listings 78
Expired Listings Expired Listings 82
Reduced Inventory Inventory Removed (Canceled, Expired, Pending & Sold) Total for the Week. -392
Victoria real estate market update Inventory Change for the week

-65

Once Again we see the return to a reducing of the inventory, for 11 out of 12 weeks in the past 3 months  We believe last week was just a minor glitch in an otherwise slowly improving and strengthing marketplace, for most areas and property types in and around Greater Victoria.

The balance and confidence in the Greater Victoria real estate market is returning.There are still segments in the real estate market that are a bit softer than others, but clearly we can now truly talk about a real estate recovery in and around Greater Victoria for most property types and locations.

In our conversations with agents, buyers and sellers there appears to be an overal sense that buyers and sellers are expecting or planning to be moving before the holidays. We are starting to see increased viewings and showings on active listings to kick off the Fall selling season.With interest rates stable and not likely to move any direction for the next little while, we can actually see confidence and desire to move return and improve on a daily base.

We anticipate that this will result in further increased sales results between now and the end of November even early December. If you are planning of being settled in before the holidays this is the time to start thinking about taking action......

Notes on our Weekly Review statistical information:

  • 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!

Greater Victoria Real Estate Listing & Sales Activity

From September 11, To September 18, 2011.

 

 

 

 

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

Pretty horse.  I like your market link.  Kristine

Posted by Kim & Kristine Halverson, Sisters, Realtors (Compass) about 9 years ago

Peter and Linda, you do a great job with your market reports. Amazing that your inventory is being reduced like it is. This will drive the price up as you have aptly stated. Have a great week.

Cal

Posted by Cal Yoder, Homes For Sale in Lancaster PA - 717.413.0744 (Keller Williams Elite) about 9 years ago

HI Kristine,

Thank you for visiting and Linda loves horses, this one had 2 totally different colours of eyes, but such a beautiful draft horse.

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 Cal,

Thanks for your feedback, yes the market is slowly loosing its surplus inventory, (not fast but steady) which over time will firm up the Victoria real estate sales and prices.

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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