Tuesday, August 7, 2007

Focus on SFH Sales

As I did for condos and townhomes, I've made a few graphs for SFH sales and median prices for Greater Victoria, Victoria, Langford and Saanich.

The number of sales of single family homes in Greater Victoria is higher this year than 2005 and 2006. Median sale price is increasing, and has not been negative year-over-year since 2005.

The City of Victoria has had high sales numbers the past couple of months. The median sale price is down from earlier this year. June's median sale price was negative year-over-year.

Langford has had an average number of SFH sales thus far this year. The median sale price is increasing.

Saanich home sales have been on a tear the past two months. Median sale price is consistently increasing at around 10% year-over-year.

All regions' year-over-year median price increases (%) have risen from late 2006 and early 2007. It's difficult to determine a definitive pattern due to our small market. There have been very few year-over-year monthly decreases since 2005.

I plan to have graphs for other municipalities in the future. Hopefully this provides a little food-for-thought.