John Boyle and Linda Geddes Boyle
 
home properties marketing about us buyers and sellers resources and links contact contact
 

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

 

  August MLS Statistics


A Steady, Flat Real Estate Market Continues in Greater Victoria

September 4, 2012

VICTORIA BC - The August real estate market continues to be steady and flat, considered by the Victoria Real Estate Board to reflect the "wait and see" attitude its Member REALTORS® are hearing from the buying public.

Total MLS® residential sales for August 2012 was 462 compared to 542 for the same period in 2011. During the month, 240 single family homes sold throughout the Victoria Real Estate Board’s region, 67 fewer than the 307 sold in August 2011. The average price for single family homes sold in Greater Victoria last month was $590,843, down from August 2011’s average of $652,841. The median price is down by $17,000 to $530,000. There are 5,034 active listings.

"Sales are down 11.5% over August 2011" says Carol Crabb, President of the Victoria Real Estate Board. "When seasonally adjusted, there is little change from July 2012. It’s a flat market which we suspect will continue for the next few months and not trending in either direction."

The overall provincial outlook is strong, with employers replacing part-time positions with full-time, and ongoing low interest rates. The British Columbia Real Estate Association predicts the resulting consumer confidence will move the provincial economy from flat to strong in 2013.

Other categories are also holding steady. Condominium and manufactured home sales are virtually unchanged over August 2011, while townhomes sales continue to be softer.

Total Waterfront Single Family Dwellings sold: 25, down 3 sales from 2011
Total Non-waterfront Single Family Dwellings sold: 215, down 64 sales from August 2011
Single Family Dwellings sold over $1 million: 10 (1 over $2 million)

Graphical representation of recent sale counts and average prices

 

Stats Quick Reference

Tablular representation of sales statistics from the last two months and from last year

  Total Single Family All Areas includes Shawnigan Lake/Malahat, Gulf Islands and Up Island

Summary Report and Graphs

Monthly Sales Summary
Average Selling Price Graphs
Active Listings, New Listings and Sales Graphs

When Interpreting Our Statistics

To ensure sales are not over-reported, we report net sales: that is, the number of sales less the number of collapsed sales, if any.  Average Price is the total dollar volume of sales for the month divided by the number of sales in the monthSix Month Average is the total dollar volume of sales for the last six months divided the total number of sales in the last six months.  Median Price is the mid-point price between the least expensive sale and the most expensive sale in the month.

The use of average price information can be useful in establishing trends when applied over a period of time, i.e. six months or longer. The Victoria Real Estate Board cautions that an average price does not indicate the actual value of any particular property. Those requiring specific information on property values should contact a REALTOR.



Archive

•  December 2018 (1)
•  November 2018 (1)
•  October 2018 (3)
•  July 2018 (1)
•  March 2018 (3)
•  February 2018 (8)
•  January 2018 (2)
•  December 2017 (4)
•  November 2017 (1)
•  October 2017 (2)
•  September 2017 (2)
•  August 2017 (4)
•  July 2017 (1)
•  June 2017 (2)
•  May 2017 (5)
•  April 2017 (4)
•  March 2017 (1)
•  December 2016 (1)
•  November 2016 (6)
•  October 2016 (2)
•  September 2016 (2)
•  August 2016 (6)
•  July 2016 (1)
•  May 2016 (5)
•  April 2016 (3)
•  March 2016 (1)
•  February 2016 (1)
•  January 2016 (1)
•  December 2015 (2)
•  November 2015 (1)
•  October 2015 (1)
•  August 2015 (4)
•  July 2015 (1)
•  June 2015 (3)
•  May 2015 (1)
•  April 2015 (2)
•  March 2015 (1)
•  February 2015 (1)
•  January 2015 (1)
•  December 2014 (3)
•  November 2014 (2)
•  October 2014 (1)
•  September 2014 (3)
•  August 2014 (1)
•  July 2014 (2)
•  June 2014 (1)
•  May 2014 (8)
•  April 2014 (2)
•  March 2014 (2)
•  February 2014 (1)
•  January 2014 (2)
•  December 2013 (2)
•  November 2013 (1)
•  October 2013 (1)
•  September 2013 (1)
•  August 2013 (4)
•  July 2013 (3)
•  June 2013 (1)
•  May 2013 (2)
•  April 2013 (4)
•  March 2013 (4)
•  February 2013 (7)
•  January 2013 (2)
•  December 2012 (7)
•  November 2012 (1)
•  October 2012 (2)
•  September 2012 (5)
•  August 2012 (1)
•  July 2012 (2)
•  June 2012 (3)
•  May 2012 (3)
•  April 2012 (3)
•  March 2012 (2)
•  February 2012 (3)
•  January 2012 (4)
•  December 2011 (2)
•  November 2011 (1)
•  October 2011 (2)
•  September 2011 (2)
•  August 2011 (19)
•  July 2011 (2)
•  May 2011 (1)
•  April 2011 (1)
•  March 2011 (1)
•  February 2011 (2)
•  January 2011 (1)
•  October 2010 (1)

Categories

•  New Listings (56)
•  Recently Sold (78)
•  Multiple Offers (1)
•  January MLS Statistics (2)
•  Luxury Real Estate in Victoria (1)
•  February MLS Statistics (3)
•  June MLS Statistics (4)
•  June Statistics (1)
•  Luxury Condo (1)
•  July 2011 MLS Statistics (1)
•  August MLS Statistics (5)
•  September MLS statistics (4)
•  November MLS Statistics (3)
•  New MLS Statistics (1)
•  December 2011 MLS statistics (1)
•  British Columbia Luxury Sales (1)
•  February 2012 MLS statistics (1)
•  BC 2012/2013 Provincial Budget (1)
•  April Market Update (1)
•  March MLS Statistics (1)
•  April MLS Statistics (2)
•  Is it the right time to buy? (1)
•  May MLS Statistics (2)
•  July MLS statistics (2)
•  Market Update (1)
•  October MLS Statistics (3)
•  Year End MLS Report (1)
•  January 2013 MLS Statistics (1)
•  BC Luxury Home Market (1)
•  March 2013 MLS Statistics (1)
•  April 2013 MLS Statistics (1)
•  New Macdonald Realty Magazine (1)
•  November, 2013 MLS Statistics (1)
•  December 2013 MLS Statistics (1)
•  January 2014 MLS Statistics (1)
•  March 2014 MLS Statistics (1)
•  October 2014 MLS Statistics (1)
•  November 2014 MLS Statistics (1)
•  December 2014 MLS Statistics (1)
•  January 2015, Statistics (1)
•  February 2015 MLS Statistics (1)
•  March MLS Statistics 2015 (1)
•  May 2015, MLS Statistics (1)
•  October 2015, MLS Statistics (1)
•  November 2015 MLS Statistics (1)
•  December 2015, MLS Statistics (1)
•  January 2016 MLS Statistics (1)
•  February 2016 MLS Statistics (1)
•  April 2016 MLS Statistics (1)
•  April 2016, MLS Statistics (1)
•  June 2016, MLS Statistics (1)
•  August 2016 MLS Statistics (1)
•  September 2016 MLS Statistics (1)
•  October 2016, MLS Statistics (1)
•  November 2016, MLS Statistics (1)
•  February 2017, MLS Statistics (1)
•  March, 2017 MLS Statistics (1)
•  June 1, 2016 MLS Statistics (1)
•  July4 - MLS Statistics (1)
•  June 2017 MLS Statistics (1)
•  August 2017 MLS Statistics (1)
•  September 2017 MLS Statistics (1)
•  October 2017 MLS Statistics (1)
•  November, 2017 MLS Statistics (1)
•  MLS Statistics End Of 2017 (1)
•  January 2018, MLS Statistics (1)
•  February 2018 MLS Statistics (1)
•  June 2018, MLS Statistics (1)
•  September 2018, MLS Statistics (1)
•  October 2018, MLS Statistics (1)
•  November 2018, MLS Statistics (1)