{"id":858,"date":"2013-09-03T15:06:53","date_gmt":"2013-09-03T22:06:53","guid":{"rendered":"http:\/\/www.ingridjarisz.com\/blog\/?p=858"},"modified":"2013-09-03T15:06:53","modified_gmt":"2013-09-03T22:06:53","slug":"strongest-summer-in-five-years-for-victoria-real-estate-sales","status":"publish","type":"post","link":"https:\/\/www.ingridjarisz.com\/blog\/strongest-summer-in-five-years-for-victoria-real-estate-sales\/","title":{"rendered":"Strongest Summer in Five Years for Victoria Real Estate Sales"},"content":{"rendered":"

Summer-time real estate sales numbers were the best they\u2019ve been in Greater Victoria in five years. There was a total of 1,787 sales in June, July and August.<\/span><\/span><\/span><\/p>\n

\"vreg<\/a><\/span><\/span><\/span><\/p>\n

On a monthly scale, total real estate sales in Greater Victoria were up 16.8 per cent in August 2013 over August 2012, the <\/span>Victoria Real Estate Board<\/span><\/a> reports. A total of 540 properties sold in August, finishing off a strong summer market.<\/span><\/span><\/span><\/p>\n

\u201cI\u2019m very pleased with the August results. MLS\u00ae sales are strong and, with 4,593 active listings in all categories at month end, we remain on the cusp of a balanced market,\u201d says Shelley Mann, President of the Victoria Real Estate Board. <\/span><\/span><\/span><\/p>\n

The <\/span>BC Real Estate Association<\/span><\/a> defines a balanced market as when the ratio of sales to active listings is between 15 and 20 per cent. At month end, Victoria\u2019s ratio for residential properties was 14 per cent.<\/span><\/span><\/span><\/p>\n

There were 308 single family homes sold in August, an increase of 28.3 per cent over August 2012, while the median price of $529,950 is up less than one per cent year over year from $526,250. There were 125 condominium sales with a median price of $287,000 and 70 townhomes sold at a median price of $415,000. <\/span><\/span><\/span><\/p>\n

\u201cOverall, pricing remains flat and our provincial economist predicts the trend will continue for another year. That said, the year-over-year median price of condos is up 9.2 per cent and the median of townhomes is up 12.5 percent,\u201d Mann says. \u201cThis will vary between neighbourhoods, which is why I always recommend that consumers consult a REALTOR\u00ae for local pricing.<\/span><\/span><\/span><\/p>\n

\u201cWith interest rates starting to increase, many buyers are locking into preapproved mortgages. These consumers should be purchasing in the next three to four months, so I believe the market will remain steady,\u201d Mann says.<\/span><\/span><\/span><\/p>\n

Total Waterfront Single Family Dwellings sold: \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a020, <\/b>up 7 over August 2012 <\/span><\/span><\/span><\/p>\n

Total Non-waterfront Single Family Dwellings sold:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 288,<\/b> up 61 over August 2012<\/span><\/span><\/span><\/p>\n

Single Family Dwellings sold over $1 million:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a017 <\/b>(2 over $2 million)<\/span><\/span><\/span><\/p>\n

 <\/p>\n

While the use of average price information can be useful in establishing trends when applied over a period of time, e.g. six months or longer, the Victoria Real Estate Board cautions that an average price does not indicate the actual value of a property in a particular neighbourhood. Those requiring specific information on property values in their area should contact a REALTOR\u00ae. The Victoria Real Estate Board has 1,222 Members<\/span><\/a>.<\/p>\n

August 2013, MLS\u00ae Real Estate Sales, and Average and Median Prices, Greater Victoria<\/span><\/span><\/span><\/span><\/b><\/p>\n

 <\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/span><\/b><\/td>\n\n

2013 – August<\/b><\/b><\/span><\/p>\n<\/td>\n

\n

2013 – July<\/b><\/b><\/span><\/p>\n<\/td>\n

\n

2012 – August<\/b><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n

\u00a0<\/span><\/td>\n\n

No of Sales<\/span><\/b><\/p>\n<\/td>\n

\n

Average Price $<\/span><\/b><\/p>\n<\/td>\n

\n

Median Price $<\/span><\/b><\/p>\n<\/td>\n

\n

No of Sales<\/span><\/b><\/p>\n<\/td>\n

\n

Average Price $<\/span><\/b><\/p>\n<\/td>\n

\n

Median Price $<\/span><\/b><\/p>\n<\/td>\n

\n

No of Sales<\/span><\/b><\/p>\n<\/td>\n

\n

Average Price $<\/span><\/b><\/p>\n<\/td>\n

\n

Median Price $<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

SFD Gr. Victoria<\/i><\/span><\/td>\n\n

258<\/span><\/p>\n<\/td>\n

\n

592,939<\/span><\/p>\n<\/td>\n

\n

540,000<\/span><\/p>\n<\/td>\n

\n

309<\/span><\/p>\n<\/td>\n

\n

596,445<\/span><\/p>\n<\/td>\n

\n

529,500<\/span><\/p>\n<\/td>\n

\n

215<\/span><\/p>\n<\/td>\n

\n

590,843<\/span><\/p>\n<\/td>\n

\n

530,000<\/span><\/p>\n<\/td>\n<\/tr>\n

SFD Other Areas<\/i><\/span><\/td>\n\n

50<\/span><\/p>\n<\/td>\n

\n

446,681<\/span><\/p>\n<\/td>\n

\n

408,000<\/span><\/p>\n<\/td>\n

\n

36<\/span><\/p>\n<\/td>\n

\n

446,542<\/span><\/p>\n<\/td>\n

\n

390,000<\/span><\/p>\n<\/td>\n

\n

25<\/span><\/p>\n<\/td>\n

\n

565,418<\/span><\/p>\n<\/td>\n

\n

460,000<\/span><\/p>\n<\/td>\n<\/tr>\n

Total SFD All Areas<\/span><\/td>\n\n

308<\/span><\/p>\n<\/td>\n

\n

569,196<\/span><\/p>\n<\/td>\n

\n

529,950<\/span><\/p>\n<\/td>\n

\n

345<\/span><\/p>\n<\/td>\n

\n

580,802<\/span><\/p>\n<\/td>\n

\n

521,000<\/span><\/p>\n<\/td>\n

\n

240<\/span><\/p>\n<\/td>\n

\n

588,195<\/span><\/p>\n<\/td>\n

\n

526,250<\/span><\/p>\n<\/td>\n<\/tr>\n

Condos<\/span><\/td>\n\n

125<\/span><\/p>\n<\/td>\n

\n

343,343<\/span><\/p>\n<\/td>\n

\n

287,000<\/span><\/p>\n<\/td>\n

\n

127<\/span><\/p>\n<\/td>\n

\n

300,037<\/span><\/p>\n<\/td>\n

\n

265,000<\/span><\/p>\n<\/td>\n

\n

127<\/span><\/p>\n<\/td>\n

\n

320,650<\/span><\/p>\n<\/td>\n

\n

262,900<\/span><\/p>\n<\/td>\n<\/tr>\n

Townhomes<\/span><\/td>\n\n

70<\/span><\/p>\n<\/td>\n

\n

419,030<\/span><\/p>\n<\/td>\n

\n

415,000<\/span><\/p>\n<\/td>\n

\n

70<\/span><\/p>\n<\/td>\n

\n

395,893<\/span><\/p>\n<\/td>\n

\n

360,750<\/span><\/p>\n<\/td>\n

\n

47<\/span><\/p>\n<\/td>\n

\n

432,459<\/span><\/p>\n<\/td>\n

\n

369,000<\/span><\/p>\n<\/td>\n<\/tr>\n

Mfd. Homes<\/span><\/td>\n\n

16<\/span><\/p>\n<\/td>\n

\n

86,638<\/span><\/p>\n<\/td>\n

\n

65,000<\/span><\/p>\n<\/td>\n

\n

17<\/span><\/p>\n<\/td>\n

\n

203,765<\/span><\/p>\n<\/td>\n

\n

118,750<\/span><\/p>\n<\/td>\n

\n

16<\/span><\/p>\n<\/td>\n

\n

131,069<\/span><\/p>\n<\/td>\n

\n

106,450<\/span><\/p>\n<\/td>\n<\/tr>\n

TOTAL RESIDENTIAL<\/span><\/b><\/td>\n\n

519<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n

\n

559<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n

\n

430<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

TOTAL SALES<\/span><\/b><\/td>\n\n

540<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n

\n

583<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n

\n

462<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

ACTIVE LISTINGS<\/span><\/b><\/td>\n\n

4,593<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n

\n

4,772<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n

\n

5,034<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

SFD = Single-family Dwelling<\/span><\/span><\/p>\n

* All Areas includes Shawnigan Lake\/Malahat, Gulf Islands and Up Island<\/i><\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Summer-time real estate sales numbers were the best they\u2019ve been in Greater Victoria in five years. There was a total of 1,787 sales in June, July and August. On a monthly scale, total real estate sales in Greater Victoria were up 16.8 per cent in August 2013 over August 2012, the Victoria Real Estate Board  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":[32,5,4,34],"tags":[37,36,15,35,13,9,14],"_links":{"self":[{"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/posts\/858"}],"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=858"}],"version-history":[{"count":7,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/posts\/858\/revisions"}],"predecessor-version":[{"id":867,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/posts\/858\/revisions\/867"}],"wp:attachment":[{"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/media?parent=858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/categories?post=858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/tags?post=858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}