Blog by Brenda Russell

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Real Estate Update

Oak Bay Real Estate Update for September 2009

I just updated the Victoria Market Update page on my website.  For more information about real estate prices, listings vs. sales of the Victoria area please read that page.

The last three months especially it was a very active market in beautiful Oak Bay.  As of the end of September there have been 207 homes sold, 57 condominiums, and 8 townhomes sold throughout Oak Bay.  Thirty-seven homes sold $1 million plus. (one of the 37 sales sold between $5-6 million dollars this past spring).  Twenty homes sold between $900,000. - $1 million., fifteen Oak Bay homes sold between $800,000. - $900,000., twenty-four homes sold between $700,000. - $800,000., fifty-nine homes sold between $600,000. - $700,000., and forty-six homes sold under $600,000.

Condominium sales year-to-date are as follows:

$1 million plus - one sold

$975,000. - $1million - one sold

$825,000. - $850,000. - one sold

$675,000. - $700,000. - one sold

$600,000. - $625,000. - one sold

$475,000. - $500,000. - 4 sold and 47 condomiums sold under $500,000. (year-to-date)

Oak Bay offers a hand full of townhome sites so that is one of the reasons there have only been 8 sales year to date.

The current activity in the different map areas as of today are as follows:

South Oak Bay has 47 properties for sale which consists of single family homes, duplexes, townhomes, and condominiums.

North Oak Bay has 7 properties for sale.

Gonzales has 8 current listings.

Estevan has 5 active listings.

Henderson area has 11 properties for sale.

The Uplands area has 10 active listings ranging from $879,000. - $3,950,000.

Reported Oak Bay & Victoria Sales By Price Range For Single Family Dwellings - (from the Victoria Real Estate Board)

Sept. 09 Victoria Oak Bay house sales by price range

Condominiums Sales Graph By Price Range In Victoria And Oak Bay - Year To Date

Sept. 09 Victoria Oak Bay condo sales by price range

 

I hope this helps you better understand the Oak Bay area of Victoria.  Please stay tuned for more updates.  Also if you are looking for information regarding schools in and around Oak Bay please read my links page.  Any questions?  Just call me direct at 250.744.4556 or toll free in North America at 1.800.550.0585

Below is a photo of the entrance to the Monterey Recreation Centre and the Greater Victoria Public Library which is located at 1442 Monterey Avenue.

Oak Bay Public Library, Victoria BC

and that's Oak Bay!