Victoria BC Real Estate Dog Days of Summer...August 2008
Typical Slower time of year for real estate sales as people enjoy their Summer vacations.
A total of 517 homes and other properties sold in August through the Victoria Real Estate Board's Multiple Listing
Service® (MLS®) compared to the 616 sales in July. There were 846 sales in August of last year.
- August 2008 Victoria Single Family Home Sales
- Lets look at the Real Estate Market in Each District of Victoria
- Oak Bay saw 12 home sales with an average selling price of $789,125
- Current Active Listings of Single Family Homes 81
- Victoria saw 36 home sales with an average selling price of $567,492
- Current Active Listings of Single Family Homes 120
- Saanich West saw 35 home sales with the average selling price of $500,397
- Current Active Listings of Single Family Homes 130
- Esquimalt saw 7 home sales with the average selling price of $450,186
- Current Active Listings of Single Family Homes 28
- Saanich East saw 41 home sales with the average selling price of $624,775
- Current active Listings of Single Family Homes 262
- Central Saanich saw 12 home sales with the average selling price of $613,250
- Current Active Listings of Single Family Homes 81
- North Saanich saw 5 home sales with the average selling price of $541,900
- Current Active Listings of Single Family Homes 108
- Sidney saw 12 home sales with the average selling price of $511,700
- Current Active Listings of Single Family Homes 57
- Colwood saw 20 home sales with the average selling price of $503,508
- Current Active Listings of Single Family Homes 81
- Langford saw 31 home sales with the average selling price of $504,764
- Current Active Listings of Single Family Homes 159
- Highlands saw 1 home sales with a selling price of $ 495,000
- Current Active Listings of Single Family Homes 19
- Sooke saw 18 home sales with a selling average price of $428,961
- Current Active Listings of Single Family Homes 171
- Waterfront(all districts) Home Sales throughout Greater Victoria totaled 3 home sales with the average selling price of $ 760,667
- Current Active Listing of Single Family Lake and Ocean Waterfront Homes 149
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- Greater Victoria Single family home Sales for August showed an average selling price of $549,119, the medium selling price was at $512,000, The Median selling price is almost unchanged from August 2007 with a median then of $515,000. single family home Sale Prices as expected slowed throughout the region this Summer. See July Market update
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There were 160 Condominium's Sold in August throughout Victoria with an average selling price of $302,200
There were 53 Townhouses Sold in August throughout Victoria with an average selling price of $413,994
Original Blog: www.victoriahomesandproperties.com
Stats Source: VREB
Copyright © 2008 By Fred Carver All Rights Reserved "Victoria BC Real Estate Dog Days of Summer...August 2008"
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Cheers
Fred Carver
Re/Max Camosun
Accredited Consultant in Real Estate®
Direct 250-598-2963
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4440 Chatterton Way, Victoria, BC V8X 5J2
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Post Copyright © 2011 By Fred Carver All Rights Reserved
Fred ... Awesome report and keep it up!
Hi Fred! - Nice report on Victoria BC Dog Days of Summer Real Estate Values Throughout The City in August. While the numbers of sales may have taken a hit versus last year the good news is that the media sales price has remained consistent.
Hi Pippa...I decided I wanted a report that breaks down our different areas throughout Greater Victoria and posted this market report on my web site Blog first, then emailed it to clients and last but not least Finally posted it here for everyone one to see.
Cheers, glad you enjoyed it, thanks for visiting!
Hi Donna...At first while doing the report I thought there was a major shift happening...then I compared the Median Price with the same time last year. I believe the higher priced home sales have slowed with a lower number of Buyers for Victoria Million Dollar homes at this time of year!
Great report Fred. We have also seen a tremendous slowing in the sales of the higher priced homes in our area -- something that the media seems to not see or report on. -- John
Hi Alexander...Thanks, I plan on keeping this type of format for my market reports. It helps Buyers and Sellers see their market area of interest in Victoria. Luxury homes sales are slow here too, however their are Sales in the bracket that go un-announced on MLS.
Cheers, The Future looks Rosie, thanks for visiting. :O)