Oay Bay BC Real Estate Activity in January
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We here at Fred Carver Real Estate Sales and Marketing continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends.
I thought I would search our recent Sales and current Oak Bay homes For Sale and Sold to find out is what's happening around the popular Garden Community of Victoria this Winter.....January, 2010
There seems to be considerable Real Estate activity with Single Home and Condominium Listings and Sales in this Victoria garden community.
This report may indicate a positive market trend in the coming months with Oak Bay real estate, resulting from the current brisk real estate activity with Single Family Homes, Condominiums and Townhouse fresh Listings and Sales throughout this garden Municipality of Victoria.
Oak Bay is a popular area of Victoria to live for home Gardeners, due probably to the year round mild weather here. Why you ask...Because The nearby Pacific Ocean Temperatures around the Southern part of Vancouver Island are near 50 degrees year round. This large body of water is also a huge energy source heating or cooling the air and land mass nearby...Oak Bay and the Homes located there. All because of the Japanese Gulf Currents in the Straights of Juan de Fuca off the Oak Bay waterfront.
Current Number of Single Family Homes For Sale in Oak Bay = 57
Average Asking Price = $ 1,836,902 (33 Homes over 1 million dollars for sale,) starting with a home on Henderson Rd asking $595,000 to a Home on Beach Dr asking $12 Million Dollars
Average Days on the Market = 72
Current Pending Number of Sales = 20
Average Pending Selling Price = $ 897,921 (not counting one sale at $3,445,00 on Humber Rd which would have pushed this month average price to $1,001,000)
Days on the Market = 53
Current Number of Townhouses For Sale in Oak Bay = 2
Average Asking Price = $479,5009 ( 1 townhouse at $ 340,000 on Oak Bay Ave to highest at $ 619,000 on Cedar Hill Cross Rd)
Current Pending Number Sales = 1
Pending Selling Price= $ 625,000
Days on the Market = 90
Current Number of Condo's For Sale in Oak Bay = 9
Average Asking Price = $ 416,256 ( from $244,900 on Newport Ave to a the highest at $ 749,000 on Newport Ave)
Average Days on the Market = 63
Current Pending No Sales = 4
Average Pending Selling Price = $ 395,500
Days on the Market = 67
Information source: Victoria Real Estate Board Database January 07, 2010.
Data compiled by Fred Carver who has 39 years experience selling real estate in and around Oak Bay for Re/Max Camosun
HAVE YOUR BEST YEAR EVER IN 2012 !
Cheers
Fred Carver
Re/Max Camosun
Accredited Consultant in Real Estate®
Direct 250-598-2963
40 Years Experience selling Real Estate does make a Difference.. call Fred today to Put his 40 years experience to work for You.
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