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Vreb Statistical Digest July 2011

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Information on the Victoria Real Estate Market - July 4th 2011

Information on the Victoria Real Estate Market - July 4th 2011

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  • 1. July 4, 2011 Real Estate Sales Steady in JuneA total of 618 homes and other properties sold in June through the Victoria Real Estate Board’s Multiple ListingService® (MLS®), up from 572 sales in May and very close to the 625 sales in June of last year.Victoria Real Estate Board President, Dennis Fimrite, noted that market activity has returned to comparablelevels of a year ago. “Overall sales so far this year are down 21 per cent compared to a year ago. It’s importantto note, however, that the first few months of last year were very active compared to this year and we are nowseeing a return to similar market conditions of a year ago.”Fimrite added that the number of properties available for sale continued to increase at the end of last month withinventory levels currently seven per cent higher than a year ago. “The available choice for buyers increasedfurther last month with 5,050 properties available for sale at the end of June – the highest monthly level in 15years.” Fimrite add that there were 4,857 properties available for sale at the end of May.The average price for single-family homes sold in Greater Victoria last month was $629,292, up from $628,462 inMay. The median price also rose to $569,900 while the six-month average declined slightly to $619,568. Therewere 23 single family home sales of over $1 million in June. The overall average price for condominiums lastmonth was $320,172, down from $328,345 in May. The average for the last six months rose to $329,402. Themedian price for condominiums in June also rose to $300,000. The average price of all townhomes sold lastmonth declined to $444,768 from $466,845 in May. The median price also declined to $399,000 while the sixmonth average rose to $448,159.MLS® sales last month included 348 single family homes, 177 condominiums, 62 townhomes and ninemanufactured homes. - 30 -While the use of average price information can be useful in establishing trends when applied over a period of time, i.e. sixmonths or longer, the Victoria Real Estate Board cautions that an average price does not indicate the actual value of anyparticular property. Those requiring specific information on property values should contact a REALTOR®.FOR MORE INFORMATION, CONTACT Michael Sampson 3035 Nanaimo St., Victoria, BC V8T 4W2 Manager, Communications Telephone (250) 385 7766 & Professional Standards Facsimile (250) 385 8773 msampson@vreb.org www.vreb.org
  • 2. Monthly Sales Summary June 2011Friday, July 1, 2011 Region Units Total Volume Average 6 Month Median District Price Average Price Residential z Single Family Greater Victoria Victoria 46 $28,868,100 $627,567 $638,189 $574,250 Victoria West 2 $834,000 $417,000 $430,635 $417,000 Oak Bay 32 $28,450,701 $889,084 $870,627 $740,900 Esquimalt 7 $3,260,500 $465,786 $480,772 $475,000 View Royal 10 $5,492,000 $549,200 $556,034 $500,000 Saanich East 67 $44,264,788 $660,668 $659,790 $610,000 Saanich West 27 $15,411,000 $570,778 $575,991 $535,000 Central Saanich 18 $9,362,900 $520,161 $598,960 $533,750 North Saanich 11 $6,849,700 $622,700 $707,675 $625,000 Sidney 6 $2,937,888 $489,648 $487,490 $467,444 Colwood 15 $7,777,388 $518,493 $498,847 $526,500 Langford 37 $18,731,326 $506,252 $508,243 $470,000 Metchosin 4 $2,483,800 $620,950 $692,660 $624,500 Sooke 19 $7,729,700 $406,826 $412,895 $365,000 Waterfront (all districts) 16 $17,031,850 $1,064,491 $1,092,565 $1,007,500 Total Greater Victoria 317 $199,485,641 $629,292 $619,568 $569,900 Other Areas Shawnigan Lake / Malahat 2 $744,900 $372,450 $428,705 $372,450 Gulf Islands 12 $5,926,500 $493,875 $452,339 $398,750 UpIsland / Mainland 9 $4,630,350 $514,483 $465,964 $490,000 Waterfront (all districts) 8 $6,324,000 $790,500 $916,767 $730,000 Total Other Areas 31 $17,625,750 $568,573 $518,894 $525,000 Total Single Family 348 $217,111,391 $623,883 $610,441 $568,950 z Condominium Greater Victoria Victoria 72 $24,251,250 $336,823 $316,735 $305,000 Victoria West 7 $2,353,500 $336,214 $390,726 $329,500 Oak Bay 3 $1,673,000 $557,667 $436,782 $485,000 Esquimalt 13 $3,914,900 $301,146 $271,241 $285,000 View Royal 3 $965,810 $321,937 $303,962 $316,000 Saanich East 22 $6,446,800 $293,036 $312,569 $300,250 Saanich West 9 $2,580,900 $286,767 $258,096 $283,000 Central Saanich 1 $320,000 $320,000 $327,489 $320,000 Sidney 14 $3,956,500 $282,607 $319,069 $282,000 Colwood 5 $1,366,500 $273,300 $245,222 $275,000 Langford 16 $4,452,200 $278,263 $303,273 $271,200 Waterfront (all districts) 11 $4,164,138 $378,558 $524,906 $315,450 Total Greater Victoria 176 $56,445,498 $320,713 $331,105 $300,000 Other Areas UpIsland / Mainland 1 $225,000 $225,000 $94,000 $225,000 Total Other Areas 1 $225,000 $225,000 $90,167 $225,000 Total Condominium 177 $56,670,498 $320,172 $329,402 $300,000Victoria Real Estate Board Multiple Listing Service ® 1
  • 3. Monthly Sales Summary June 2011Friday, July 1, 2011 Region Units Total Volume Average 6 Month Median District Price Average Price z Townhouse Greater Victoria Victoria 13 $7,081,500 $544,731 $501,753 $515,000 Victoria West 1 $475,000 $475,000 $426,750 $475,000 Esquimalt 1 $385,000 $385,000 $402,727 $385,000 View Royal 3 $1,086,000 $362,000 $414,011 $414,000 Saanich East 12 $6,631,500 $552,625 $524,521 $460,000 Saanich West 2 $817,500 $408,750 $384,087 $408,750 Central Saanich 7 $3,008,400 $429,771 $419,333 $452,000 Sidney 3 $1,266,500 $422,167 $396,158 $325,000 Colwood 4 $1,399,000 $349,750 $415,495 $363,000 Langford 9 $2,822,400 $313,600 $340,267 $320,000 Sooke 1 $139,800 $139,800 $314,418 $319,900 Waterfront (all districts) 2 $1,405,000 $702,500 $570,178 $702,500 Total Greater Victoria 58 $26,517,600 $457,200 $450,686 $407,250 Other Areas Gulf Islands 3 $960,000 $320,000 $365,292 $295,000 UpIsland / Mainland 1 $98,000 $98,000 $104,000 $98,000 Total Other Areas 4 $1,058,000 $264,500 $327,964 $290,000 Total Townhouse 62 $27,575,600 $444,768 $448,159 $399,000 z Manufactured Homes Greater Victoria View Royal 4 $430,000 $107,500 $108,075 $106,250 Central Saanich 2 $263,000 $131,500 $166,036 $131,500 Langford 3 $351,000 $117,000 $89,544 $140,000 Total Greater Victoria 9 $1,044,000 $116,000 $124,781 $127,000 Total Manufactured Homes 9 $1,044,000 $116,000 $127,028 $127,000 Total Residential 596 $302,401,489Victoria Real Estate Board Multiple Listing Service ® 2
  • 4. Monthly Sales Summary June 2011Friday, July 1, 2011 Region Units Total Volume Average 6 Month Median District Price Average Price Other Property z Lots & Acreage (Incl Wtrfrnt) Greater Victoria Victoria 1 $396,000 $396,000 $388,667 $396,000 View Royal 2 $649,800 $324,900 $369,960 $324,900 Saanich East 1 $600,000 $600,000 $692,027 $600,000 Colwood -1 ($220,000) ($220,000) $1,907,500 Langford 6 $1,289,900 $214,983 $330,980 $175,000 Sooke 2 $371,600 $185,800 $349,773 $170,900 Total Greater Victoria 11 $3,087,300 $280,664 $507,690 $230,000 Other Areas Gulf Islands 3 $683,000 $227,667 $355,194 $260,000 UpIsland / Mainland 3 $514,800 $171,600 $164,025 $199,900 Total Other Areas 6 $1,197,800 $199,633 $331,882 $199,900 Total Lots & Acreage (Incl Wtrfrnt) 17 $4,285,100 $252,065 $452,380 $199,900 z Other Commercial Properties 5 $1,529,516 $305,903 Grand Totals 618 $308,216,105Victoria Real Estate Board Multiple Listing Service ® 3
  • 5. $250,000 $275,000 $300 000 $300,000 $325,000 $350,000 $375,000 $400,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $500,000 $525,000 $550,000 $575,000 $600,000 $625,000 $650,000 $675,000 Jun 2009 Jun 2009 Jun 2009 Jul 2009 Jul 2009 Friday, July 01, 2011 Jul 2009 Aug 2009 Aug 2009 Aug 2009 Sep 2009 Sep 2009 Sep 2009 Oct 2009 Oct 2009 Oct 2009 Average Selling Prices Nov 2009 Nov 2009 Nov 2009 Dec 2009 Dec 2009 Dec 2009 Jan 2010 Jan 2010 Jan 2010 Feb 2010 Feb 2010 Feb 2010 Mar 2010 Mar 2010 Mar 2010 Apr 2010 Apr 2010 Apr 2010 May 2010 May 2010 May 2010 Jun 2010 Jun 2010 Jun 2010 Jul 2010 Jul 2010 Jul 2010 Aug 2010 Aug 2010 Townhomes (All Areas) Aug 2010 Condominiums (All Areas) Sep 2010 Sep 2010Victoria Real Estate Board Multiple Listing Service ® Sep 2010 Oct 2010 Oct 2010 Oct 2010 Single Family Homes (Greater Victoria Only) Nov 2010 Nov 2010 Nov 2010 Dec 2010 Dec 2010 Dec 2010 Jan 2011 Jan 2011 Jan 2011 Feb 2011 Feb 2011 Feb 2011 Mar 2011 Mar 2011 Mar 2011 Apr 2011 Apr 2011 Apr 2011 May 2011 May 2011 May 2011 Jun 2011 Jun 2011 Jun 2011 June 2011
  • 6. 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2,500 2,700 2,900 3,100 3,300 3,500 3,700 3,900 4,100 4,300 4,500 4,700 4,900 5,100 Jun 2009 Jun 2009 Jul 2009 Jul 2009 Friday, July 01, 2011 Aug 2009 Aug 2009 Sep 2009 Sep 2009 Oct 2009 Oct 2009 Nov 2009 Nov 2009 Dec 2009 Dec 2009 Jan 2010 Jan 2010 Feb 2010 Feb 2010 Mar 2010 Mar 2010 Apr 2010 Apr 2010 Listings May 2010 May 2010 Active Listings, New Listings and Sales Jun 2010 Jun 2010 Jul 2010 Jul 2010 Sales Aug 2010 Aug 2010 Total Active MLS® Listings Sep 2010 Sep 2010Victoria Real Estate Board Multiple Listing Service ® Oct 2010 Oct 2010 Nov 2010 Nov 2010 Total New MLS® Listings and Total MLS® Sales Dec 2010 Dec 2010 Jan 2011 Jan 2011 Feb 2011 Feb 2011 Mar 2011 Mar 2011 Apr 2011 Apr 2011 May 2011 May 2011 Jun 2011 Jun 2011 June 2011
  • 7. Monthly Comparative Activity By Property Type June 2011Friday, July 01, 2011 Current Month Year To Date This Year Last Year % Change This Year Last Year % Change Single Family - Residential Units Listed 617 609 1 % 3442 3820 -10 % Units Sold 293 266 10 % 1523 1789 -15 % Sell/List Ratio 47 % 44 % 44 % 47 % Sales Dollars $175,803,741 $155,986,823 13 % $895,003,723 $1,069,950,348 -16 % Average Price / Unit $600,013 $586,417 2 % $587,658 $598,072 -2 % Price Ratio 98 % 98 % 98 % 98 % Days To Sell 50 46 10 % 53 35 49 % Active Listings at Month End 1538 1507 2 % Single Family - Residential Waterfront Units Listed 57 64 -11 % 347 382 -9 % Units Sold 23 18 28 % 88 84 5 % Sell/List Ratio 40 % 28 % 25 % 22 % Sales Dollars $23,092,950 $24,061,650 -4 % $92,932,031 $98,972,950 -6 % Average Price / Unit $1,004,041 $1,336,758 -25 % $1,056,046 $1,178,249 -10 % Price Ratio 94 % 94 % 93 % 94 % Days To Sell 106 100 6 % 105 88 19 % Active Listings at Month End 318 316 1 % Single Family - Residential Acreage Units Listed 98 99 -1 % 478 524 -9 % Units Sold 20 26 -23 % 124 139 -11 % Sell/List Ratio 20 % 26 % 26 % 27 % Sales Dollars $13,180,300 $21,895,600 -40 % $82,722,617 $107,902,100 -23 % Average Price / Unit $659,015 $842,138 -22 % $667,118 $776,274 -14 % Price Ratio 96 % 96 % 96 % 96 % Days To Sell 95 94 0 % 88 82 7 % Active Listings at Month End 378 366 3 % Condominium Units Listed 367 362 1 % 2163 2376 -9 % Units Sold 177 168 5 % 849 1060 -20 % Sell/List Ratio 48 % 46 % 39 % 45 % Sales Dollars $56,670,498 $55,629,958 2 % $279,662,576 $345,204,117 -19 % Average Price / Unit $320,172 $331,131 -3 % $329,402 $325,664 1 % Price Ratio 96 % 97 % 97 % 98 % Days To Sell 56 58 -4 % 57 49 16 % Active Listings at Month End 1155 1054 10 %Victoria Real Estate Board Multiple Listing Service ® 1
  • 8. Monthly Comparative Activity By Property Type June 2011Friday, July 01, 2011 Current Month Year To Date This Year Last Year % Change This Year Last Year % Change Townhouse Units Listed 128 124 3 % 865 834 4 % Units Sold 62 67 -7 % 338 432 -22 % Sell/List Ratio 48 % 54 % 39 % 52 % Sales Dollars $27,575,600 $28,779,792 -4 % $151,252,646 $193,351,396 -22 % Average Price / Unit $444,768 $429,549 4 % $447,493 $447,573 0 % Price Ratio 98 % 98 % 98 % 99 % Days To Sell 65 49 32 % 59 42 39 % Active Listings at Month End 465 365 27 % Strata Duplex (Up and Down) Units Listed 2 2 0 % 8 9 -11 % Units Sold 0 1 -100 % 3 2 50 % Sell/List Ratio 0 % 50 % 38 % 22 % Sales Dollars $0 $425,000 -100 % $1,421,000 $785,000 81 % Average Price / Unit $425,000 % $473,667 $392,500 21 % Price Ratio % 100 % 101 % 99 % Days To Sell 15 % 28 53 -47 % Active Listings at Month End 3 6 -50 % Strata Duplex (Side by Side) Units Listed 15 14 7 % 94 90 4 % Units Sold 10 10 0 % 44 51 -14 % Sell/List Ratio 67 % 71 % 47 % 57 % Sales Dollars $3,969,400 $3,871,800 3 % $18,455,100 $22,261,652 -17 % Average Price / Unit $396,940 $387,180 3 % $419,434 $436,503 -4 % Price Ratio 95 % 98 % 97 % 98 % Days To Sell 63 42 48 % 50 44 14 % Active Listings at Month End 48 30 60 % Strata Duplex (Front and Back) Units Listed 7 5 40 % 39 30 30 % Units Sold 2 2 0 % 18 15 20 % Sell/List Ratio 29 % 40 % 46 % 50 % Sales Dollars $1,065,000 $1,005,000 6 % $8,285,900 $6,682,900 24 % Average Price / Unit $532,500 $502,500 6 % $460,328 $445,527 3 % Price Ratio 102 % 96 % 98 % 99 % Days To Sell 99 86 15 % 50 32 56 % Active Listings at Month End 15 15 0 %Victoria Real Estate Board Multiple Listing Service ® 2
  • 9. Monthly Comparative Activity By Property Type June 2011Friday, July 01, 2011 Current Month Year To Date This Year Last Year % Change This Year Last Year % Change Recreational Units Listed 5 4 25 % 22 14 57 % Units Sold 0 0 % 1 0 % Sell/List Ratio 0 % 0 % 5 % 0 % Sales Dollars $0 $0 % $37,500 $0 % Average Price / Unit % $37,500 % Price Ratio % % 75 % % Days To Sell % 28 % Active Listings at Month End 21 15 40 % Manufactured Home Units Listed 32 36 -11 % 197 198 -1 % Units Sold 9 20 -55 % 75 74 1 % Sell/List Ratio 28 % 56 % 38 % 37 % Sales Dollars $1,044,000 $2,357,779 -56 % $9,527,100 $9,163,479 4 % Average Price / Unit $116,000 $117,889 -2 % $127,028 $123,831 3 % Price Ratio 91 % 93 % 93 % 94 % Days To Sell 97 98 -1 % 88 92 -4 % Active Listings at Month End 139 117 19 % Residential Lots Units Listed 26 58 -55 % 214 272 -21 % Units Sold 10 15 -33 % 47 96 -51 % Sell/List Ratio 38 % 26 % 22 % 35 % Sales Dollars $2,655,600 $5,270,650 -50 % $15,948,780 $30,374,017 -47 % Average Price / Unit $265,560 $351,377 -24 % $339,336 $316,396 7 % Price Ratio 98 % 95 % 97 % 95 % Days To Sell 108 107 1 % 96 135 -29 % Active Listings at Month End 234 229 2 % Residential Lots - Waterfront Units Listed 3 7 -57 % 49 55 -11 % Units Sold 3 3 0 % 7 9 -22 % Sell/List Ratio 100 % 43 % 14 % 16 % Sales Dollars $817,500 $1,044,000 -22 % $3,154,500 $4,008,000 -21 % Average Price / Unit $272,500 $348,000 -22 % $450,643 $445,333 1 % Price Ratio 91 % 88 % 89 % 93 % Days To Sell 53 71 -25 % 80 61 31 % Active Listings at Month End 50 51 -2 %Victoria Real Estate Board Multiple Listing Service ® 3
  • 10. Monthly Comparative Activity By Property Type June 2011Friday, July 01, 2011 Current Month Year To Date This Year Last Year % Change This Year Last Year % Change Residential Acreage Units Listed 26 34 -24 % 150 186 -19 % Units Sold 4 7 -43 % 29 51 -43 % Sell/List Ratio 15 % 21 % 19 % 27 % Sales Dollars $812,000 $1,792,500 -55 % $16,352,500 $15,316,125 7 % Average Price / Unit $203,000 $256,071 -21 % $563,879 $300,316 88 % Price Ratio 93 % 89 % 84 % 91 % Days To Sell 165 383 -57 % 220 211 4 % Active Listings at Month End 212 214 -1 % Residential Acreage - Waterfront Units Listed 10 11 -9 % 58 68 -15 % Units Sold 0 2 -100 % 6 3 100 % Sell/List Ratio 0 % 18 % 10 % 4 % Sales Dollars $0 $1,175,000 -100 % $4,806,000 $1,610,000 199 % Average Price / Unit $587,500 % $801,000 $536,667 49 % Price Ratio % 86 % 85 % 87 % Days To Sell 97 % 198 69 185 % Active Listings at Month End 81 60 35 % Revenue - Duplex/Triplex Units Listed 11 13 -15 % 29 45 -36 % Units Sold 0 3 -100 % 10 17 -41 % Sell/List Ratio 0 % 23 % 34 % 38 % Sales Dollars $0 $2,040,000 -100 % $6,551,500 $11,435,900 -43 % Average Price / Unit $680,000 % $655,150 $672,700 -3 % Price Ratio % 91 % 98 % 96 % Days To Sell 34 % 58 40 46 % Active Listings at Month End 15 23 -35 % Revenue - Multi Units Units Listed 5 3 67 % 22 29 -24 % Units Sold 0 2 -100 % 6 6 0 % Sell/List Ratio 0 % 67 % 27 % 21 % Sales Dollars $0 $2,150,000 -100 % $5,074,000 $7,755,000 -35 % Average Price / Unit $1,075,000 % $845,667 $1,292,500 -35 % Price Ratio % 96 % 104 % 95 % Days To Sell 75 % 103 54 92 % Active Listings at Month End 13 14 -7 %Victoria Real Estate Board Multiple Listing Service ® 4
  • 11. Monthly Comparative Activity By Property Type June 2011Friday, July 01, 2011 Current Month Year To Date This Year Last Year % Change This Year Last Year % Change Revenue - Apartment Block Units Listed 0 1 -100 % 2 11 -82 % Units Sold 0 0 % 0 2 -100 % Sell/List Ratio % 0 % 0 % 18 % Sales Dollars $0 $0 % $0 $3,495,000 -100 % Average Price / Unit % $1,747,500 % Price Ratio % % % 95 % Days To Sell % 43 % Active Listings at Month End 1 7 -86 % Revenue - Commercial Units Listed 12 4 200 % 49 52 -6 % Units Sold 1 1 0 % 2 10 -80 % Sell/List Ratio 8 % 25 % 4 % 19 % Sales Dollars $262,000 $1,875,000 -86 % $2,013,100 $5,351,500 -62 % Average Price / Unit $262,000 $1,875,000 -86 % $1,006,550 $535,150 88 % Price Ratio 101 % 96 % 85 % 93 % Days To Sell 30 271 -89 % 89 147 -39 % Active Listings at Month End 54 41 32 % Revenue - Industrial Units Listed 0 0 % 0 1 -100 % Units Sold 0 0 % 0 1 -100 % Sell/List Ratio % % % 100 % Sales Dollars $0 $0 % $0 $279,000 -100 % Average Price / Unit % $279,000 % Price Ratio % % % 100 % Days To Sell % 68 % Active Listings at Month End 0 0 % Business with Land & Building Units Listed 5 8 -38 % 58 50 16 % Units Sold 1 0 % 8 12 -33 % Sell/List Ratio 20 % 0 % 14 % 24 % Sales Dollars $1,095,000 $0 % $5,540,035 $6,776,313 -18 % Average Price / Unit $1,095,000 % $692,504 $564,693 23 % Price Ratio 99 % % 91 % 99 % Days To Sell 357 % 201 91 123 % Active Listings at Month End 65 50 30 %Victoria Real Estate Board Multiple Listing Service ® 5
  • 12. Monthly Comparative Activity By Property Type June 2011Friday, July 01, 2011 Current Month Year To Date This Year Last Year % Change This Year Last Year % Change Business Only Units Listed 16 17 -6 % 85 87 -2 % Units Sold 2 3 -33 % 11 18 -39 % Sell/List Ratio 13 % 18 % 13 % 21 % Sales Dollars $172,500 $278,000 -38 % $1,049,400 $2,839,220 -63 % Average Price / Unit $86,250 $92,667 -7 % $95,400 $157,734 -40 % Price Ratio 79 % 82 % 89 % 86 % Days To Sell 77 93 -18 % 114 139 -18 % Active Listings at Month End 75 77 -3 % Motel/Hotel Units Listed 0 4 -100 % 9 15 -40 % Units Sold 0 0 % 3 2 50 % Sell/List Ratio % 0 % 33 % 13 % Sales Dollars $0 $0 % $3,245,008 $2,437,500 33 % Average Price / Unit % $1,081,669 $1,218,750 -11 % Price Ratio % % 103 % 89 % Days To Sell % 194 186 4 % Active Listings at Month End 12 11 9 % Lease - Office Units Listed 5 8 -38 % 32 41 -22 % Units Sold 0 3 -100 % 5 5 0 % Sell/List Ratio 0 % 38 % 16 % 12 % Sales Dollars $0 $37 -100 % $61 $72 -15 % Average Price / Unit $12 % $12 $14 -15 % Price Ratio % % % % Days To Sell 88 % 144 138 5 % Active Listings at Month End 34 37 -8 % Lease - Retail Units Listed 6 7 -14 % 31 40 -23 % Units Sold 1 2 -50 % 7 9 -22 % Sell/List Ratio 17 % 29 % 23 % 23 % Sales Dollars $16 $37 -57 % $122 $51,668 -100 % Average Price / Unit $16 $18 -13 % $17 $5,741 -100 % Price Ratio % % % % Days To Sell 80 220 -64 % 98 121 -19 % Active Listings at Month End 29 45 -36 %Victoria Real Estate Board Multiple Listing Service ® 6
  • 13. Monthly Comparative Activity By Property Type June 2011Friday, July 01, 2011 Current Month Year To Date This Year Last Year % Change This Year Last Year % Change Lease - Warehouse Units Listed 0 0 % 0 0 % Units Sold 0 0 % 0 0 % Sell/List Ratio % % % % Sales Dollars $0 $0 % $0 $0 % Average Price / Unit % % Price Ratio % % % % Days To Sell % % Active Listings at Month End 0 0 % Lease - Industrial Units Listed 0 0 % 1 2 -50 % Units Sold 0 0 % 0 1 -100 % Sell/List Ratio % % 0 % 50 % Sales Dollars $0 $0 % $0 $13 -100 % Average Price / Unit % $13 % Price Ratio % % % -87 % Days To Sell % 106 % Active Listings at Month End 2 2 0 % Lease - Other Units Listed 7 7 0 % 65 41 59 % Units Sold 0 5 -100 % 6 8 -25 % Sell/List Ratio 0 % 71 % 9 % 20 % Sales Dollars $0 $68 -100 % $110 $24,622 -100 % Average Price / Unit $14 % $18 $3,078 -99 % Price Ratio % % % % Days To Sell 158 % 123 134 -8 % Active Listings at Month End 56 45 24 % Commercial Land Units Listed 5 2 150 % 21 25 -16 % Units Sold 0 1 -100 % 3 8 -63 % Sell/List Ratio 0 % 50 % 14 % 32 % Sales Dollars $0 $1,100,000 -100 % $3,010 $8,002,510 -100 % Average Price / Unit $1,100,000 % $1,003 $1,000,314 -100 % Price Ratio % 92 % % 93 % Days To Sell 110 % 405 221 83 % Active Listings at Month End 37 33 12 %Victoria Real Estate Board Multiple Listing Service ® 7
  • 14. Monthly Comparative Activity By Property Type June 2011Friday, July 01, 2011 Current Month Year To Date This Year Last Year % Change This Year Last Year % Change Grand Totals Units Listed 1465 1503 -3 % 8530 9297 -8 % Units Sold 618 625 -1 % 3213 3904 -18 % Sell/List Ratio 42 % 42 % 38 % 42 % Sales Dollars $308,216,105 $310,738,693 -1 % $1,603,038,320 $1,954,030,402 -18 % Average Price / Unit $498,732 $497,182 0 % $498,923 $500,520 0 % Price Ratio 97 % 97 % 97 % 98 % Days To Sell 60 63 -4 % 62 51 23 % Active Listings at Month End 5050 4730 7 %Victoria Real Estate Board Multiple Listing Service ® 8
  • 15. Reported Sales By Price Range - Single Family June 2011Friday, July 01, 2011 Price Ranges Percentages Vic / VicW Oak Bay Esquimalt View Royal Saanich E Saanich W C Saanich N Saanich Sidney Highlands Colwood Langford Metchosin Sooke Gulf Is Other Min Max CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD10,000,000 - 9,000,000 - 9,999,999 8,000,000 - 8,999,999 7,000,000 - 7,999,999 6,000,000 - 6,999,999 5,000,000 - 5,999,999 4,500,000 - 4,999,999 4,000,000 - 4,499,999 3,500,000 - 3,999,999 3,000,000 - 3,499,999 -.1 -1 2,500,000 - 2,999,999 .1 1 2,000,000 - 2,499,999 .3 .3 1 4 1 1,750,000 - 1,999,999 .3 .6 1 3 1 2 1 1 2 1,500,000 - 1,749,999 1.7 .9 1 3 1 3 1 4 1 3 2 4 1,250,000 - 1,499,999 1.4 1.5 3 2 8 1 1 5 3 1 1 2 1 1 1 1 1 1,000,000 - 1,249,999 2.9 3.0 2 8 5 15 1 1 2 14 4 3 2 2 2 3 1 950,000 - 999,999 .9 .9 2 3 1 1 4 1 1 1 1 1 1 1 1 900,000 - 949,999 1.4 1.2 1 4 1 1 1 3 5 1 2 4 1 3 850,000 - 899,999 3.2 2.3 3 6 1 4 4 15 1 6 1 2 4 2 1 1 2 800,000 - 849,999 4.0 3.6 2 7 3 12 2 5 18 3 7 1 8 2 1 2 1 1 2 1 2 750,000 - 799,999 6.0 5.1 3 14 3 11 1 7 31 1 4 2 4 13 2 1 1 6 2 1 2 4 700,000 - 749,999 5.2 5.0 3 16 4 15 1 3 6 28 2 4 3 1 3 3 9 1 1 1 5 650,000 - 699,999 4.6 6.4 2 15 5 14 2 3 1 32 9 5 5 1 2 1 7 8 1 4 1 4 2 6 1 600,000 - 649,999 10.3 9.6 6 20 4 16 3 2 3 7 54 2 11 1 4 5 17 3 1 6 3 21 2 3 1 4 2 6 3 550,000 - 599,999 13.2 11.3 5 30 3 7 8 4 14 56 3 16 6 24 1 8 4 2 3 3 6 19 1 3 1 6 2 8 1 6 500,000 - 549,999 8.9 10.8 4 19 5 1 13 1 9 9 43 3 21 4 16 1 1 1 8 1 3 15 3 26 3 2 5 1 9 450,000 - 499,999 12.6 13.1 3 38 2 5 11 5 10 4 23 6 36 4 12 1 12 2 2 18 11 44 10 1 5 2 14 400,000 - 449,999 10.3 11.6 9 27 14 3 2 12 6 27 3 7 2 11 1 17 8 48 1 4 24 1 10 8 350,000 - 399,999 9.2 7.9 4 10 1 6 1 3 10 1 13 1 1 1 1 5 1 3 12 5 23 1 6 28 3 12 4 19 300,000 - 349,999 2.0 2.7 1 4 3 1 6 5 4 21 2 4 5 0 - 299,999 1.4 2.2 2 1 1 2 2 1 3 12 1 12 1 6 Total Units 348 1809 49 229 32 123 9 62 11 41 69 357 27 165 20 89 15 73 6 52 8 15 93 40 213 4 22 20 118 19 84 12 80 Percentages 100 100 14.1 12.7 9.2 6.8 2.6 3.4 3.2 2.3 19.8 19.7 7.8 9.1 5.7 4.9 4.3 4.0 1.7 2.9 .4 4.3 5.1 11.5 11.8 1.1 1.2 5.7 6.5 5.5 4.6 3.4 4.4Victoria Real Estate Board Multiple Listing Service ® 1
  • 16. Reported Sales By Price Range - Condominium June 2011Friday, July 01, 2011 Price Ranges Percentages Vic / VicW Oak Bay Esquimalt View Royal Saanich E Saanich W C Saanich N Saanich Sidney Highlands Colwood Langford Metchosin Sooke Gulf Is Other Min Max CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD 1,000,000 - 1.1 .9 1 4 1 3 1 975,000 - 999,999 950,000 - 974,999 .1 1 925,000 - 949,999 .1 1 900,000 - 924,999 .1 1 875,000 - 899,999 -.6 1 -1 -1 850,000 - 874,999 .2 1 1 825,000 - 849,999 800,000 - 824,999 775,000 - 799,999 1.1 .5 1 2 1 1 1 750,000 - 774,999 .4 1 1 1 725,000 - 749,999 .4 2 1 700,000 - 724,999 .1 1 675,000 - 699,999 .5 1 3 650,000 - 674,999 .6 .6 2 1 1 2 625,000 - 649,999 .6 .7 1 5 1 600,000 - 624,999 .2 2 575,000 - 599,999 1.7 .9 2 3 1 1 1 3 550,000 - 574,999 .2 2 525,000 - 549,999 2.8 1.9 4 11 2 1 2 1 500,000 - 524,999 1.2 6 1 1 2 2 -1 -1 475,000 - 499,999 1.1 .9 1 5 1 3 450,000 - 474,999 1.1 1.4 2 9 2 1 425,000 - 449,999 1.1 2.4 16 1 1 2 1 1 400,000 - 424,999 4.0 2.5 4 13 3 3 3 3 -1 1 -1 375,000 - 399,999 6.8 6.0 5 32 1 5 2 1 2 2 2 2 3 1 1 3 1 350,000 - 374,999 6.8 6.6 9 40 1 1 3 1 4 1 2 2 1 3 325,000 - 349,999 8.5 7.7 8 34 3 1 2 2 11 1 2 1 3 2 6 2 4 -1 -1 300,000 - 324,999 13.0 11.2 9 40 1 3 8 2 3 4 14 1 11 1 2 6 1 2 11 -1 275,000 - 299,999 15.8 12.8 11 55 5 7 2 2 19 2 3 1 4 12 2 3 2 7 250,000 - 274,999 9.0 10.8 8 45 4 1 2 2 15 9 2 1 5 3 4 1 7 -1 225,000 - 249,999 10.7 11.3 5 45 3 10 2 3 19 1 6 1 2 1 5 10 1 1 200,000 - 224,999 5.1 8.7 5 35 4 1 10 2 8 1 3 2 5 3 3 1 175,000 - 199,999 4.5 4.1 4 25 2 2 2 5 1 1 1 150,000 - 174,999 4.5 2.8 2 9 2 2 2 1 4 1 3 1 2 1 2 0 - 149,999 .6 1.6 6 1 1 1 2 4 Total Units 177 849 82 451 3 28 16 56 4 18 22 109 9 45 3 13 1 16 58 6 13 16 51 -1 1 6 Percentages 100 100 46.3 53.1 1.7 3.3 9.0 6.6 2.3 2.1 12.4 12.8 5.1 5.3 1.7 1.5 .1 9.0 6.8 3.4 1.5 9.0 6.0 -.6 .6 .7Victoria Real Estate Board Multiple Listing Service ® 2
  • 17. Reported Sales By Price Range - Townhouse June 2011Friday, July 01, 2011 Price Ranges Percentages Vic / VicW Oak Bay Esquimalt View Royal Saanich E Saanich W C Saanich N Saanich Sidney Highlands Colwood Langford Metchosin Sooke Gulf Is Other Min Max CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD 1,000,000 - 4.8 1.5 1 2 2 3 975,000 - 999,999 .3 1 950,000 - 974,999 925,000 - 949,999 900,000 - 924,999 875,000 - 899,999 .3 1 850,000 - 874,999 825,000 - 849,999 .3 1 800,000 - 824,999 775,000 - 799,999 1.6 .6 1 2 750,000 - 774,999 .6 1 1 725,000 - 749,999 .6 1 1 700,000 - 724,999 3.2 .9 1 1 1 1 1 675,000 - 699,999 3.2 1.8 1 2 3 1 1 650,000 - 674,999 2.1 1 4 1 1 625,000 - 649,999 1.6 1.8 1 5 1 600,000 - 624,999 3.2 1.5 1 1 1 2 1 1 575,000 - 599,999 1.6 3.5 1 1 8 2 1 550,000 - 574,999 1.6 2.1 2 2 1 3 525,000 - 549,999 3.2 7.1 1 3 1 1 1 5 5 1 3 2 3 500,000 - 524,999 1.6 3.5 1 3 3 1 4 2 1 -1 -1 475,000 - 499,999 3.2 6.8 2 11 2 4 2 1 1 2 450,000 - 474,999 8.1 5.9 2 1 1 3 6 1 2 3 2 2 2 425,000 - 449,999 3.2 5.9 1 5 1 3 1 5 2 1 3 400,000 - 424,999 6.5 8.5 4 2 1 3 1 10 2 5 2 2 1 375,000 - 399,999 12.9 11.8 5 1 2 1 3 10 2 6 3 1 5 2 5 1 1 350,000 - 374,999 6.5 10.3 1 4 3 3 10 3 2 4 1 8 325,000 - 349,999 9.7 7.4 3 7 2 2 4 1 2 1 5 1 3 300,000 - 324,999 4.8 4.4 2 1 1 2 2 3 1 3 1 1 1 275,000 - 299,999 9.7 6.5 3 4 4 1 1 2 1 2 1 1 1 4 2 2 -1 250,000 - 274,999 4.8 2.6 1 1 2 2 3 3 225,000 - 249,999 1.6 .9 1 1 1 1 200,000 - 224,999 175,000 - 199,999 150,000 - 174,999 .3 1 0 - 149,999 3.2 .6 1 1 1 1 Total Units 62 340 14 62 1 6 1 11 3 25 12 74 2 23 7 35 6 4 28 4 21 9 27 1 15 3 6 1 1 Percentages 100 100 22.6 18.2 1.6 1.8 1.6 3.2 4.8 7.4 19.4 21.8 3.2 6.8 11.3 10.3 1.8 6.5 8.2 6.5 6.2 14.5 7.9 1.6 4.4 4.8 1.8 1.6 .3Victoria Real Estate Board Multiple Listing Service ® 3
  • 18. Reported Sales By Price Range - Manufactured Homes June 2011Friday, July 01, 2011 Price Ranges Percentages Vic / VicW Oak Bay Esquimalt View Royal Saanich E Saanich W C Saanich N Saanich Sidney Highlands Colwood Langford Metchosin Sooke Gulf Is Other Min Max CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD 300,000 - 2.7 1 1 290,000 - 299,999 280,000 - 289,999 1.3 1 270,000 - 279,999 260,000 - 269,999 2.7 1 1 250,000 - 259,999 240,000 - 249,999 1.3 1 230,000 - 239,999 6.7 2 2 1 220,000 - 229,999 1.3 1 210,000 - 219,999 1.3 1 200,000 - 209,999 1.3 1 190,000 - 199,999 5.3 1 1 1 1 180,000 - 189,999 1.3 1 170,000 - 179,999 160,000 - 169,999 11.1 5.3 1 1 2 1 150,000 - 159,999 140,000 - 149,999 11.1 4.0 1 1 1 1 130,000 - 139,999 22.2 9.3 1 1 1 3 3 120,000 - 129,999 11.1 6.7 2 1 2 1 110,000 - 119,999 11.1 1.3 1 1 100,000 - 109,999 11.1 5.3 1 3 1 90,000 - 99,999 4.0 1 1 1 80,000 - 89,999 11.1 8.0 1 3 1 2 70,000 - 79,999 2.7 1 1 60,000 - 69,999 4.0 2 1 50,000 - 59,999 2.7 1 1 40,000 - 49,999 11.1 5.3 1 1 2 1 30,000 - 39,999 8.0 2 1 2 1 20,000 - 29,999 5.3 2 2 0 - 19,999 2.7 2 Total Units 9 75 4 16 2 11 8 3 17 1 14 3 5 Percentages 100 100 44.4 21.3 22.2 14.7 10.7 33.3 22.7 1.3 18.7 4.0 6.7Victoria Real Estate Board Multiple Listing Service ® 4