Blog by Brenda Russell

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Oak Bay Real Estate Update

Oak Bay Real Estate Update March 2009

 

In the Oak Bay area for the month of February there were 10 homes sold with a total of 21 Year to Date.  All the sales have been under $1 million so far this year.  During February the most expensive home sold between $800,000. - $825,000. three sales showed up between the $475,000. - $499,000 price range. By the end of February the Victoria Real Estate Board stats showed 9 condo sales.  Interesting noticing that there hasn't been any town home sales yet this year.  Also it snowed today!

Other Statistics for the Victoria Area from the Victoria Real Estate Board are as follows:

Total Active Listings as of March 1, 2009                        - 3844

Total Active Listings as of March 1, 2008                        - 3311

New Lisitngs for the Month of February 2009                  - 1081

Number of Sales for February 2009                                - 403

Number of Sales for February 2008                                - 619

Average Sale Price for February 2009                             - $431,289.

Average Sale Price for February 2008                             - $475,624.

 

I hope this information was helpful.  if you are wanting to purchase and/or sell Real Estate in Victoria please call me direct at 250.744.4556, I look forward to hearing from you.  Brenda has been licensed since 1990.