{"id":427,"date":"2013-03-03T10:18:07","date_gmt":"2013-03-03T18:18:07","guid":{"rendered":"http:\/\/www.ingridjarisz.radarhill.net\/blog\/?p=427"},"modified":"2013-03-03T10:18:07","modified_gmt":"2013-03-03T18:18:07","slug":"spring-perks-up-greater-victoria-real-estate-market","status":"publish","type":"post","link":"https:\/\/www.ingridjarisz.com\/blog\/spring-perks-up-greater-victoria-real-estate-market\/","title":{"rendered":"Spring Perks Up Greater Victoria Real Estate Market"},"content":{"rendered":"

VICTORIA BC<\/strong> – The Victoria Real Estate Board reports a total of 394 sales were processed through the Multiple Listing Service (MLS\u00ae) in February, an increase of 34% over the previous month. The highest activity was in single-family homes and condominiums.<\/p>\n

\"\"<\/a>Compared to February 2012, sales were down by 18.26%. Shelley Mann, President of the Board, says it’s more important to look at monthly trends and compare monthly buying behaviour year-over-year. “The trend lines for November, December and January are the same for the last three years.<\/p>\n

“We’ve seen a slow increase in sales activity over the last three months and we still hold to our forecast of a modest 2-4% sales increase in 2013,” Mann says.<\/p>\n

“The typical spring market is perking up. I spoke to 10 REALTORS\u00ae yesterday and nine said they are experiencing definite increases in their activity over the last two months and have a positive outlook. Many buyers are still waiting for prices to drop, but it’s clear to me that sellers are in a holding pattern regarding the value of their homes,” Mann says. “However, if a house is priced properly, within the market value range, it will likely sell more quickly.”<\/p>\n

The median price of a single family home is $505,500 compared to $530,250 in February 2012, a decrease of 4.67%. The six-month average shows an increase of less than one percent year-over-year, and a less than one percent decrease over last month. “In other words, no change,” Mann adds.<\/p>\n

There were 112 condominium sales in February, a 38.27% increase over January 2013. While the median price of $270,500 for condominiums is down 2.08% year-over-year, it increased 13.49% over January 2013. Townhouses saw increased sales in the past month with a median price of $337,500, which is down by 11.65% year-over-year and 10.82% since January 2013. Current active listings at the end of February were 4,072.<\/p>\n

Total Waterfront Single Family Dwellings sold: 12, up 5 over February 2012 \u00a0 Total Non-waterfront Single Family Dwellings sold: 203, down 55 sales from February 2012 \u00a0 Single Family Dwellings sold over $1 million: 11 (3 over $2 million)<\/p>\n

\"\"<\/a>Summary Report and Graphs<\/strong><\/p>\n

Monthly Sales Summary<\/a><\/p>\n

Average Selling Price Graphs<\/a><\/p>\n

Active Listings, New Listings and Sales Graphs<\/a><\/p>\n

\n","protected":false},"excerpt":{"rendered":"

VICTORIA BC – The Victoria Real Estate Board reports a total of 394 sales were processed through the Multiple Listing Service (MLS\u00ae) in February, an increase of 34% over the previous month. The highest activity was in single-family homes and condominiums. Compared to February 2012, sales were down by 18.26%. Shelley Mann, President of the  Continue Reading »<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,33,8,5,4,34],"tags":[36,15,35,13,9,14],"_links":{"self":[{"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/posts\/427"}],"collection":[{"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/comments?post=427"}],"version-history":[{"count":7,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/posts\/427\/revisions"}],"predecessor-version":[{"id":436,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/posts\/427\/revisions\/436"}],"wp:attachment":[{"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/media?parent=427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/categories?post=427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/tags?post=427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}