Victoria Real Estate Update - November 2012
Government lending regulations have had the desired cooling effect on year-over-year sales numbers. Multiple Listing Sales for October 2012 were 373 compared to 483 in October 2011. During the month, 211 single family homes sold throughout the Victoria Real Estate Board's region, compared to 260 in October 2011. The average price for single family homes was $576,720. down 2% from last October's average of $590,539. The median price for the same period is down $24,000. Month-ver-month, both sales volume and the six-month average for single family homes are flat. Active listings are 4,876.
Below show Real Estate Stats for the Single Family Home sales
since January 2012 by price range in the Victoria and Oak Bay
Municipalities. CM = Current Month and YTD = Year To Date.
I found this Historical Chart from the Victoria Real Estate Board interesting as well showing Single Family Homes in the Greater Victoria Area dating back to 1990.
I hope this update was useful and if you have any questions or would like help with your real estate needs please call me direct at 1.800.550.0585. Raised in Oak Bay and currently living in the Fairfield area I'd be happy to help. Please stay tuned for more updates or check out more Oak Bay info and don't forget to set your clocks BACK one hour on Sunday November 4th!