That's the last time the average selling price of a single family home in Victoria sold for less than it did this September.
VREB has posted the sales numbers for September. They can be viewed on their website.
Showing posts with label median. Show all posts
Showing posts with label median. Show all posts
Wednesday, October 1, 2008
September Sales Numbers
That's the last time the average selling price of a single family home in Victoria sold for less than it did this September.
VREB has posted the sales numbers for September. They can be viewed on their website.
Thursday, July 3, 2008
June Sales Numbers
Well, we're a little late to the show, so grab yourself some popcorn and a seat, and enjoy the ride!
Tuesday, June 3, 2008
Monday, May 5, 2008
April Townhome Sales Graphs
Just a couple of graphs showing townhome sales numbers and median sales prices over the previous years.
Thursday, May 1, 2008
April Sales Numbers
I see that discussion has already started on April's sales numbers, as published by the VREB. Listings are up, sales numbers are down. I think that the average sales price for this past month is a moot point. As long as inventory rises and quantity of sales decreases, we move into, if we aren't already there, a buyer's market. Prices then start to decrease. Sellers are still holding out at this point because they see their neighbour sell their house for near asking price, yet they don't see the five other neighbours that aren't selling their homes.
What I don't understand is this - I see sales prices via a realtor's PCS. Why are people buying homes for the asking price? If you are in the market for buying - start lowballing!!!
I'm also quite surprised at the number of $1+ million sales. I thought that the smart money was those who had money. Obviously not.
Anyways, here are my charts. More to follow.
What I don't understand is this - I see sales prices via a realtor's PCS. Why are people buying homes for the asking price? If you are in the market for buying - start lowballing!!!
I'm also quite surprised at the number of $1+ million sales. I thought that the smart money was those who had money. Obviously not.
Anyways, here are my charts. More to follow.
Monday, April 21, 2008
Sunday, April 6, 2008
Monday, December 3, 2007
November Sales Numbers
VREB has posted November's sales numbers. I was close on my estimates! Except for the average townhome price, the numbers don't surprise me. Bev McIvor's two bits have changed from "it’s important to note that nearly a third of single family homes last month sold for under $425,000" this last summer to "The high demand and robust prices show continued strong consumer confidence in the market" this fall. Also, I got a flyer in the mail today from "Condo Conroy" stating "There are FAR fewer units on the market right now than there was last year..." I call bullsh**.
It appears that stuff is still selling. The number that speaks the most to me is 623 sales. That is 9% more than last November, and more than November 2005. The market does still have legs. I'm beginning to think it will take something big to knock those legs out from under it.
It was a bullish month. The Bulls scored a field goal. Score is Bulls 29, Bears 19.
It appears that stuff is still selling. The number that speaks the most to me is 623 sales. That is 9% more than last November, and more than November 2005. The market does still have legs. I'm beginning to think it will take something big to knock those legs out from under it.
It was a bullish month. The Bulls scored a field goal. Score is Bulls 29, Bears 19.
Monday, November 19, 2007
Regional SFH Numbers
First of all, what a great couple of football games yesterday! Being from the prairies, I couldn't be happier! Winnipeg vs. Regina in the Grey Cup! Perhaps the CFL's greatest rivalry. Sunday's game should be a real barn-burner!
Back to real estate, following are graphs of sales numbers and median selling prices for Victoria, Saanich, Oak Bay, Esquimalt, and Langford. A picture is worth a thousand words, so that's all from me.
Victoria
Saanich
Oak Bay
Esquimalt
Langford
Back to real estate, following are graphs of sales numbers and median selling prices for Victoria, Saanich, Oak Bay, Esquimalt, and Langford. A picture is worth a thousand words, so that's all from me.
Victoria
Saanich
Oak Bay
Esquimalt
Langford
Thursday, November 1, 2007
October Sales Numbers
VREB has released the October sales numbers. H/T to Roger for beating me to the punch for commentary and review. You can read it over at HHV.
Single family home sales and median prices over the past 3 years in Greater Victoria.
Condo sales and median sales prices.
Townhome sales and median sales prices.
Draw your own conclusions. I think it's started. Looks like a bearish month. I'm awarding a touchdown to the Bears. And wait! What's that? HHV's attempting a two point convert! The pass is up, ball's in the air... and... knocked down by the defender! Sorry HHV. I just couldn't do it. The score is now Bulls 26, Bears 19.
Single family home sales and median prices over the past 3 years in Greater Victoria.
Condo sales and median sales prices.
Townhome sales and median sales prices.
Draw your own conclusions. I think it's started. Looks like a bearish month. I'm awarding a touchdown to the Bears. And wait! What's that? HHV's attempting a two point convert! The pass is up, ball's in the air... and... knocked down by the defender! Sorry HHV. I just couldn't do it. The score is now Bulls 26, Bears 19.
Monday, October 1, 2007
September Sales Numbers
I've now officially been forever priced out of the market!
Just kidding - that happened a long time ago!
Well, September numbers are out. My guesses were close. Total sales = 632. Total inventory = 3381 listings. Average prices up month over month in every category. Average prices up year over year everywhere. It's very reassuring that "There were 17 single family home sales of over $1 million and this had a significant impact on the overall average. Nearly a quarter of all single family homes sold for less than $425,000." Thank goodness for that!
Due to a shortness of time this evening, I'm gonna let the graphs do the talking.
Condo sales graph.
Townhome sales graph.
Single Family home sales graph.
Months of inventory graph.
Oh yeah, 3 points for the Bears. It's the end of the 3rd quarter. Bulls 26 Bears 13.
Just kidding - that happened a long time ago!
Well, September numbers are out. My guesses were close. Total sales = 632. Total inventory = 3381 listings. Average prices up month over month in every category. Average prices up year over year everywhere. It's very reassuring that "There were 17 single family home sales of over $1 million and this had a significant impact on the overall average. Nearly a quarter of all single family homes sold for less than $425,000." Thank goodness for that!
Due to a shortness of time this evening, I'm gonna let the graphs do the talking.
Condo sales graph.
Townhome sales graph.
Single Family home sales graph.
Months of inventory graph.
Oh yeah, 3 points for the Bears. It's the end of the 3rd quarter. Bulls 26 Bears 13.
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.
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.
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.
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.
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