Tuesday, September 4, 2007

August Sales Numbers

HHV and Roger beat me to the punch for commentary on the VREB's release of the August sales numbers. Check out their blogs for some great insight.

All that's left is for me to bore you with some graphs, and an update to the football score.

Median single family home prices. Ouch, how the median in Victoria is dropping. The rest of the Capital Region District is really having to take up the slack.

Looking at sales of SFH in the past two years, the number of sales is higher this year. Median price appreciation continues at double digit or high single digit gains.

Condo sales numbers continue to be strong. However, the median price appreciation has been marginal the past couple of months.

This summer has been hot for sales of townhomes in Greater Victoria. The median sales price has been flat the past four months.

And finally, the Bears have scored a touchdown this month. The average sales price for condos and townhomes were lower than the six month rolling average. Without the sale of the $5million+ home in Oak Bay, average price of SFH would also have been lower than the six month average. Score: Bulls 26 Bears 10.