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Oak Bay BC, Real Estate Single Family Homes Real Estate Market Update Jan.-Sept. 2011.

Oak Bay BC, Real Estate Single Family Homes

Real Estate Market Update Jan.-Sept. 2011.
Oak Bay Market Update, Single Family homes Jan - Sept. 2011

Peter and Linda Pfann, are Victoria, BC, Realtors assisting clients (both local and around the world) with buying, selling, investing and retiring in and around your Pfanntastic Greater Victoria, BC Canada Home since 1986 and we are pleased to provide you with the current market statistics for Single Family Homes in Oak Bay BC.

The Areas and Neighbourhoods Forming Oak Bay BC are:
Estevan, Henderson, Gonzales, North Oak Bay, South Oak Bay, Uplands, Oak Bay

Oak Bay is an independent Municipality, with its own police force and is Geographically the one of if not the smallest  Municipality in the Greater Victoria Area on Vancouver Island.

Summary Review of the Oak Bay Single Family Homes Graph's Provided

  • Compared to the same month Last Year (Slide 1) most Neighbourhoods in Oak Bay show that Median Prices are holding, with a extreme increase (often caused by some sales having either very high or very low prices) The Uplands remains the highest median priced area in Oak Bay.
  • The Spread between Average list and sales Prices in Oak Bay (slide 2) Year to Date, are very close Year to Date, for most areas indicating that sellers are really taking note of their Realtors Recommendations. The Bigger spreads between asking and sales price averages are typical of the highest price ranges
  • The 3 year list to sale price average review for Oak Bay in Slide 4, When asking and sales prices came very close in June 2011, the reaction is almost immediate, (the buyers backed right off and seller raised their expectations. The graph also clearly indicates that the current very small spread between asking and sale price averages will likely be followed by a relatively sharp rise in asking prices over the next while, and we caution sellers to not get to optimistic in their expectations (as the Graph also shows) higher asking prices do not result in higher sales prices.
  • With slide 5 one can clearly identify the end of the boom period in in 2008 and the sharp increase of inventory and overall decline in number of sales in Oak Bay, this relatively high spread is keeping prices level With Oak Bay Inventory remaining vey high, there may be some excellent Buyer Opportunities).
  • The Last Slide Reviews the past 3 years listing inventory levels and projects the number of months worth of inventory available in Oak Bay. Oak Bay traditionally is the most blanced market in and around Greater Victoria, as new construction and large invetory influx is very very rare. the market in Oak Bay remained relatively balanced for the most part this yer, with a slight but sharp increase recently.

   The Oak Bay BC, property information  included is very area specific, however we do not recommend to use this information to establish the value of your property, as there are just too many details that influence the value of any one property. We would encourage you to contact us for any specific Property Value Estimate Requirements you may have in Oak Bay.

 This Oak Bay Market Update Report only covers Single Family Homes, for information about Condominiums, town-homes, Duplexes, investment properties and or any other property or ownership forms, please contact Peter and Linda Pfann, and it will be our pleasure to provide with any required market update information or use our Pfanntastic (online) Free Market Snapshot Tool (see details below the market update information.

On our Live interactive map (at the bottom of this report) you will see some of the current Oak Bay properties for sale (this is just a snapshot and not intended to be a complete inventory). For a more complete available homes for sale index, we offer our Free Properties Search Services
 

Oak Bay BC, Real Estate Single Family Homes

Real Estate Market Update Jan.-Sept. 2011.

Oak Bay Market Update, Single Family homes Jan - Sept. 2011

Oak Bay Market Update, Single Family homes Jan - Sept. 2011

Oak Bay Market Update, Single Family homes Jan - Sept. 2011

Oak Bay Market Update, Single Family homes Jan - Sept. 2011

Oak Bay Market Update, Single Family homes Jan - Sept. 2011

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

Good afternoon Peter & Linda,

Ecellent post..great graphs and information for your Oak Bay BC consumers!!

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker Realty ~ 512.750.6899) almost 9 years ago

Peter & Linda, great Oak Bay BC market update keeping everyone inform. Continued success!

Posted by Kwee Huset, Venice Florida Homes For Sale (Kwee Huset Realty) almost 9 years ago
Another PHANNtastic market report brought to by Peter and Linda Phann! Your Oak Bay BC Real Estate experts!
Posted by Joni Bailey, Your Huntsville / Lake Livingston Area REALTOR® (101 Main St. Realty) almost 9 years ago

Hi Dorie,

Thank you for your feedback we appreciate the support

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) almost 9 years ago

Hi Kwee,

thank you Oak Bay is one of our more stable and predictable communities, very desirable and central

Hi Joni,

Thank you very much for your very kind word of support we try to keep our readers informed about most of our areas, (one at the time.)

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) almost 9 years ago

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