March 1, 2011                          Real Estate Sales Increase in FebruaryThe number of property sales throughout Great...
Monthly Sales Summary                                                                                  February 2011Tuesda...
Monthly Sales Summary                                                                          February 2011Tuesday, March...
Monthly Sales Summary                                                                           February 2011Tuesday, Marc...
$250,000                                                                                                                  ...
200                                                                                     400                               ...
Monthly Comparative Activity By Property Type                                                                             ...
Monthly Comparative Activity By Property Type                                                                             ...
Monthly Comparative Activity By Property Type                                                                             ...
Monthly Comparative Activity By Property Type                                                                             ...
Monthly Comparative Activity By Property Type                                                                             ...
Monthly Comparative Activity By Property Type                                                                             ...
Monthly Comparative Activity By Property Type                                                                             ...
Monthly Comparative Activity By Property Type                                                                             ...
Reported Sales By Price Range - Single Family                                                                             ...
Reported Sales By Price Range - Condominium                                                                               ...
Reported Sales By Price Range - Townhouse                                                                                 ...
Reported Sales By Price Range - Manufactured Homes                                                                        ...
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Vreb Statistical Digest March2011

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A review of current Real Estate Trends and Statistics in Victoria BC

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Vreb Statistical Digest March2011

  1. 1. March 1, 2011 Real Estate Sales Increase in FebruaryThe number of property sales throughout Greater Victoria rose in February. Prices remained mixed while thenumber of properties available for sale also rose. A total of 488 homes and other properties sold in Februarythrough the Victoria Real Estate Board’s Multiple listing Service® (MLS®), up from the 339 sales in January.There were 621 sales in February of last year.Victoria Real Estate Board President, Dennis Fimrite, commented that the increase in February was notunexpected, “It is common to see the market pick up following the December – January holiday period and lastmonth’s significant increase in sales along with relatively stable prices demonstrates ongoing confidence in themarket by both buyers and sellers.” Fimrite added that although February’s sales were below the sales totals forFebruary of a year ago, the beginning of 2010 was marked by an unusually strong market that softened as theyear progressed. He noted that inventory levels also rose in February, “There were 3,714 properties available forsale at the end of February – up from 3,283 properties available at the end of January. Inventory levels arecurrently 13 per cent higher than a year ago.”Fimrite added that despite ongoing concerns about affordability, it’s important to note that a substantial numberof homes are selling in the mid-priced range, “Nearly half of the single family homes that sold last month went forunder $550,000 while 46 per cent of condominiums last month sold for under $275,000.”The average price for single-family homes sold in Greater Victoria last month was $610,975 up from $603,401 inJanuary. The median price, however, declined to $564,950. The six-month average rose slightly to $623,389.There were 14 single family home sales of over $1 million in February including one on the Gulf Islands. Theoverall average price for condominiums was $323,844 last month, up slightly $323,002 in January. The averagefor the last six months also rose slightly to $320,717. The median price for condominiums in February, however,declined to $285,444. The average price of all townhomes sold last month declined to $415,591 from $447,792 inJanuary. The median price also declined to $393,000 while the six month average declined slightly to $432,194.MLS® sales last month included 264 single family homes, 134 condominiums, 52 townhomes and 17manufactured 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. 2. Monthly Sales Summary February 2011Tuesday, March 1, 2011 Region Units Total Volume Average 6 Month Median District Price Average Price Residential z Single Family Greater Victoria Victoria 33 $21,206,900 $642,633 $594,861 $581,000 Victoria West 1 $498,000 $498,000 $418,006 $498,000 Oak Bay 14 $11,427,400 $816,243 $845,396 $742,950 Esquimalt 10 $4,978,000 $497,800 $475,201 $504,000 View Royal 5 $2,349,900 $469,980 $575,406 $499,900 Saanich East 49 $32,291,350 $659,007 $670,344 $640,000 Saanich West 27 $16,108,250 $596,602 $566,016 $524,000 Central Saanich 15 $8,737,400 $582,493 $655,524 $575,000 North Saanich 8 $5,851,500 $731,438 $741,738 $681,250 Sidney 8 $3,560,555 $445,069 $480,922 $446,500 Highlands 1 $564,600 $564,600 $717,325 $564,600 Colwood 14 $7,138,300 $509,879 $522,001 $490,000 Langford 37 $18,826,950 $508,836 $511,264 $489,000 Metchosin 2 $1,500,000 $750,000 $630,708 $750,000 Sooke 15 $6,716,800 $447,787 $414,849 $429,900 Waterfront (all districts) 9 $9,766,000 $1,085,111 $1,345,498 $944,000 Total Greater Victoria 248 $151,521,905 $610,975 $623,389 $564,950 Other Areas Shawnigan Lake / Malahat 5 $2,235,000 $447,000 $412,488 $437,500 Gulf Islands 5 $2,510,000 $502,000 $463,555 $436,000 UpIsland / Mainland 5 $3,046,710 $609,342 $606,748 $668,710 Waterfront (all districts) 1 $1,825,000 $1,825,000 $859,377 $1,825,000 Total Other Areas 16 $9,616,710 $601,044 $547,121 $463,000 Total Single Family 264 $161,138,615 $610,374 $615,913 $564,750 z Condominium Greater Victoria Victoria 65 $22,238,443 $342,130 $304,711 $287,444 Victoria West 2 ($229,900) ($114,950) $397,589 $350,000 Oak Bay 5 $1,838,000 $367,600 $384,536 $385,000 Esquimalt 8 $2,152,000 $269,000 $267,686 $242,000 View Royal 1 $240,147 $240,147 $268,598 $240,147 Saanich East 18 $5,335,800 $296,433 $268,939 $276,000 Saanich West 6 $1,232,200 $205,367 $249,677 $265,250 Central Saanich 4 $1,444,900 $361,225 $327,144 $362,000 Sidney 4 $1,147,000 $286,750 $312,537 $305,000 Colwood 1 $259,000 $259,000 $264,762 $259,000 Langford 16 $4,843,500 $302,719 $285,544 $265,000 Sooke -1 ($310,000) ($310,000) ($146,900) Waterfront (all districts) 5 $3,204,000 $640,800 $543,465 $395,000 Total Greater Victoria 134 $43,395,090 $323,844 $320,717 $285,444 Total Condominium 134 $43,395,090 $323,844 $320,717 $285,444Victoria Real Estate Board Multiple Listing Service ® 1
  3. 3. Monthly Sales Summary February 2011Tuesday, March 1, 2011 Region Units Total Volume Average 6 Month Median District Price Average Price z Townhouse Greater Victoria Victoria 10 $4,264,900 $426,490 $484,108 $396,500 Victoria West 1 $297,000 $297,000 $426,812 $297,000 Oak Bay 1 $534,000 $534,000 $552,833 $534,000 Esquimalt 2 $781,500 $390,750 $375,000 $390,750 View Royal 6 $2,161,800 $360,300 $386,665 $340,450 Saanich East 8 $4,291,215 $536,402 $504,388 $535,500 Saanich West 3 $1,005,000 $335,000 $392,815 $350,000 Central Saanich 6 $2,372,100 $395,350 $359,975 $378,100 North Saanich 1 $490,500 $490,500 $510,900 $490,500 Sidney 4 $1,420,000 $355,000 $380,367 $337,250 Colwood 6 $2,798,900 $466,483 $432,558 $475,950 Langford 3 $968,800 $322,933 $303,700 $334,900 Waterfront (all districts) 1 $225,000 $225,000 $497,908 $225,000 Total Greater Victoria 52 $21,610,715 $415,591 $433,709 $393,000 Total Townhouse 52 $21,610,715 $415,591 $432,194 $393,000 z Manufactured Homes Greater Victoria View Royal 4 $456,000 $114,000 $110,436 $112,000 Central Saanich 3 $604,000 $201,333 $144,340 $230,000 Sidney 1 $285,000 $285,000 $270,700 $285,000 Langford 2 $225,900 $112,950 $114,218 $112,950 Metchosin 1 $38,000 $38,000 $38,000 $38,000 Sooke 3 $241,500 $80,500 $100,367 $25,000 Waterfront (all districts) 1 $138,000 $138,000 $167,333 $138,000 Total Greater Victoria 15 $1,988,400 $132,560 $158,404 $135,900 Other Areas Shawnigan Lake / Malahat 2 $488,000 $244,000 $192,000 $244,000 Total Other Areas 2 $488,000 $244,000 $161,093 $244,000 Total Manufactured Homes 17 $2,476,400 $145,671 $158,852 $135,900 Total Residential 467 $228,620,820Victoria Real Estate Board Multiple Listing Service ® 2
  4. 4. Monthly Sales Summary February 2011Tuesday, March 1, 2011 Region Units Total Volume Average 6 Month Median District Price Average Price Other Property z Lots & Acreage (Incl Wtrfrnt) Greater Victoria Saanich East 1 $838,000 $838,000 $601,962 $838,000 Central Saanich 1 $675,000 $675,000 $448,750 $675,000 North Saanich 1 $365,000 $365,000 $375,000 $365,000 Colwood 1 $222,500 $222,500 $861,250 $222,500 Langford 1 $235,000 $235,000 $442,556 $235,000 Sooke 7 $2,865,500 $409,357 $175,015 $164,500 Total Greater Victoria 12 $5,201,000 $433,417 $431,768 $222,500 Other Areas Gulf Islands 4 $2,829,000 $707,250 $371,417 $440,000 UpIsland / Mainland -1 ($430,500) ($430,500) $330,030 Total Other Areas 3 $2,398,500 $799,500 $388,625 $440,000 Total Lots & Acreage (Incl Wtrfrnt) 15 $7,599,500 $506,633 $418,175 $340,000 z Other Commercial Properties 6 $3,084,024 $514,004 Grand Totals 488 $239,304,344Victoria Real Estate Board Multiple Listing Service ® 3
  5. 5. $250,000 $275,000 $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 Feb 2009 Feb 2009 Feb 2009 Mar 2009 Mar 2009 Mar 2009 Tuesday, March 01, 2011 Apr 2009 Apr 2009 Apr 2009 May 2009 May 2009 May 2009 Jun 2009 Jun 2009 Jun 2009 Jul 2009 Jul 2009 Average Selling Prices Jul 2009 Aug 2009 Aug 2009 Aug 2009 Sep 2009 Sep 2009 Sep 2009 Oct 2009 Oct 2009 Oct 2009 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 Townhomes (All Areas) Apr 2010 Condominiums (All Areas) May 2010 May 2010Victoria Real Estate Board Multiple Listing Service ® May 2010 Jun 2010 Jun 2010 Jun 2010 Jul 2010 Jul 2010 Single Family Homes (Greater Victoria Only) Jul 2010 Aug 2010 Aug 2010 Aug 2010 Sep 2010 Sep 2010 Sep 2010 Oct 2010 Oct 2010 Oct 2010 Nov 2010 Nov 2010 Nov 2010 Dec 2010 Dec 2010 Dec 2010 Jan 2011 Jan 2011 Jan 2011 Feb 2011 Feb 2011 Feb 2011 February 2011
  6. 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 Feb 2009 Feb 2009 Mar 2009 Mar 2009 Apr 2009 Apr 2009 Tuesday, March 01, 2011 May 2009 May 2009 Jun 2009 Jun 2009 Jul 2009 Jul 2009 Aug 2009 Aug 2009 Sep 2009 Sep 2009 Oct 2009 Oct 2009 Nov 2009 Nov 2009 Dec 2009 Dec 2009 Listings Jan 2010 Jan 2010 Active Listings, New Listings and Sales Feb 2010 Feb 2010 Mar 2010 Mar 2010 Sales Apr 2010 Apr 2010 Total Active MLS® Listings May 2010 May 2010Victoria Real Estate Board Multiple Listing Service ® Jun 2010 Jun 2010 Jul 2010 Total New MLS® Listings and Total MLS® Sales Jul 2010 Aug 2010 Aug 2010 Sep 2010 Sep 2010 Oct 2010 Oct 2010 Nov 2010 Nov 2010 Dec 2010 Dec 2010 Jan 2011 Jan 2011 Feb 2011 Feb 2011 February 2011
  7. 7. Monthly Comparative Activity By Property Type February 2011Tuesday, March 01, 2011 Current Month Year To Date This Year Last Year % Change This Year Last Year % Change Single Family - Residential Units Listed 545 546 0 % 957 965 -1 % Units Sold 224 255 -12 % 376 441 -15 % Sell/List Ratio 41 % 47 % 39 % 46 % Sales Dollars $130,767,115 $151,709,406 -14 % $221,034,417 $263,427,331 -16 % Average Price / Unit $583,782 $594,939 -2 % $587,857 $597,341 -2 % Price Ratio 98 % 99 % 98 % 99 % Days To Sell 51 34 50 % 59 40 49 % Active Listings at Month End 1093 839 30 % Single Family - Residential Waterfront Units Listed 39 78 -50 % 78 117 -33 % Units Sold 10 11 -9 % 17 19 -11 % Sell/List Ratio 26 % 14 % 22 % 16 % Sales Dollars $11,591,000 $11,103,000 4 % $18,809,036 $21,200,000 -11 % Average Price / Unit $1,159,100 $1,009,364 15 % $1,106,414 $1,115,789 -1 % Price Ratio 91 % 97 % 91 % 94 % Days To Sell 126 66 93 % 147 111 32 % Active Listings at Month End 211 235 -10 % Single Family - Residential Acreage Units Listed 56 65 -14 % 112 126 -11 % Units Sold 19 17 12 % 32 34 -6 % Sell/List Ratio 34 % 26 % 29 % 27 % Sales Dollars $12,910,600 $13,002,350 -1 % $19,531,100 $26,200,850 -25 % Average Price / Unit $679,505 $764,844 -11 % $610,347 $770,613 -21 % Price Ratio 96 % 96 % 98 % 95 % Days To Sell 124 82 51 % 114 98 16 % Active Listings at Month End 251 216 16 % Condominium Units Listed 351 401 -12 % 690 748 -8 % Units Sold 134 192 -30 % 224 304 -26 % Sell/List Ratio 38 % 48 % 32 % 41 % Sales Dollars $43,395,090 $58,399,233 -26 % $72,465,268 $93,493,032 -22 % Average Price / Unit $323,844 $304,163 6 % $323,506 $307,543 5 % Price Ratio 96 % 98 % 96 % 98 % Days To Sell 62 45 40 % 65 46 41 % Active Listings at Month End 922 814 13 %Victoria Real Estate Board Multiple Listing Service ® 1
  8. 8. Monthly Comparative Activity By Property Type February 2011Tuesday, March 01, 2011 Current Month Year To Date This Year Last Year % Change This Year Last Year % Change Townhouse Units Listed 125 142 -12 % 257 245 5 % Units Sold 52 78 -33 % 90 124 -27 % Sell/List Ratio 42 % 55 % 35 % 51 % Sales Dollars $21,610,715 $35,950,188 -40 % $38,544,589 $56,788,764 -32 % Average Price / Unit $415,591 $460,900 -10 % $428,273 $457,974 -6 % Price Ratio 98 % 99 % 98 % 99 % Days To Sell 60 52 16 % 68 46 48 % Active Listings at Month End 342 232 47 % Strata Duplex (Up and Down) Units Listed 3 0 % 5 1 400 % Units Sold 2 0 % 3 0 % Sell/List Ratio 67 % % 60 % 0 % Sales Dollars $1,071,000 $0 % $1,421,000 $0 % Average Price / Unit $535,500 % $473,667 % Price Ratio 102 % % 101 % % Days To Sell 26 % 28 % Active Listings at Month End 3 3 0 % Strata Duplex (Side by Side) Units Listed 14 20 -30 % 25 27 -7 % Units Sold 2 7 -71 % 6 12 -50 % Sell/List Ratio 14 % 35 % 24 % 44 % Sales Dollars $990,900 $3,124,900 -68 % $2,814,400 $5,590,400 -50 % Average Price / Unit $495,450 $446,414 11 % $469,067 $465,867 1 % Price Ratio 99 % 97 % 95 % 97 % Days To Sell 21 59 -64 % 39 49 -21 % Active Listings at Month End 27 21 29 % Strata Duplex (Front and Back) Units Listed 7 7 0 % 14 10 40 % Units Sold 4 1 300 % 6 3 100 % Sell/List Ratio 57 % 14 % 43 % 30 % Sales Dollars $1,773,000 $417,500 325 % $2,419,500 $1,297,000 87 % Average Price / Unit $443,250 $417,500 6 % $403,250 $432,333 -7 % Price Ratio 99 % 99 % 98 % 99 % Days To Sell 39 10 293 % 76 40 92 % Active Listings at Month End 11 11 0 %Victoria Real Estate Board Multiple Listing Service ® 2
  9. 9. Monthly Comparative Activity By Property Type February 2011Tuesday, March 01, 2011 Current Month Year To Date This Year Last Year % Change This Year Last Year % Change Recreational Units Listed 1 2 -50 % 2 5 -60 % Units Sold 0 0 % 0 0 % Sell/List Ratio 0 % 0 % 0 % 0 % Sales Dollars $0 $0 % $0 $0 % Average Price / Unit % % Price Ratio % % % % Days To Sell % % Active Listings at Month End 7 14 -50 % Manufactured Home Units Listed 28 21 33 % 59 50 18 % Units Sold 17 14 21 % 28 22 27 % Sell/List Ratio 61 % 67 % 47 % 44 % Sales Dollars $2,476,400 $2,049,800 21 % $3,927,900 $2,794,000 41 % Average Price / Unit $145,671 $146,414 -1 % $140,282 $127,000 10 % Price Ratio 94 % 95 % 94 % 95 % Days To Sell 52 102 -49 % 88 116 -24 % Active Listings at Month End 98 79 24 % Residential Lots Units Listed 31 43 -28 % 52 82 -37 % Units Sold 3 24 -88 % 8 37 -78 % Sell/List Ratio 10 % 56 % 15 % 45 % Sales Dollars $1,495,500 $7,557,150 -80 % $4,815,500 $12,223,700 -61 % Average Price / Unit $498,500 $314,881 58 % $601,938 $330,370 82 % Price Ratio 98 % 93 % 98 % 94 % Days To Sell 176 161 10 % 131 159 -17 % Active Listings at Month End 158 188 -16 % Residential Lots - Waterfront Units Listed 7 11 -36 % 20 25 -20 % Units Sold -1 0 % -1 4 -125 % Sell/List Ratio -14 % 0 % -5 % 16 % Sales Dollars -$430,500 $0 % -$430,500 $1,424,000 -130 % Average Price / Unit $430,500 % $430,500 $356,000 21 % Price Ratio 105 % % 105 % 96 % Days To Sell % 54 % Active Listings at Month End 41 46 -11 %Victoria Real Estate Board Multiple Listing Service ® 3
  10. 10. Monthly Comparative Activity By Property Type February 2011Tuesday, March 01, 2011 Current Month Year To Date This Year Last Year % Change This Year Last Year % Change Residential Acreage Units Listed 22 28 -21 % 39 88 -56 % Units Sold 11 8 38 % 18 12 50 % Sell/List Ratio 50 % 29 % 46 % 14 % Sales Dollars $4,434,500 $2,785,250 59 % $9,544,500 $3,801,625 151 % Average Price / Unit $403,136 $348,156 16 % $530,250 $316,802 67 % Price Ratio 85 % 91 % 86 % 92 % Days To Sell 204 203 1 % 210 171 22 % Active Listings at Month End 163 208 -22 % Residential Acreage - Waterfront Units Listed 4 18 -78 % 13 40 -68 % Units Sold 2 0 % 3 0 % Sell/List Ratio 50 % 0 % 23 % 0 % Sales Dollars $2,100,000 $0 % $2,805,000 $0 % Average Price / Unit $1,050,000 % $935,000 % Price Ratio 80 % % 82 % % Days To Sell 252 % 170 % Active Listings at Month End 50 64 -22 % Revenue - Duplex/Triplex Units Listed 3 5 -40 % 5 10 -50 % Units Sold 3 5 -40 % 3 7 -57 % Sell/List Ratio 100 % 100 % 60 % 70 % Sales Dollars $2,035,000 $2,902,500 -30 % $2,035,000 $4,540,000 -55 % Average Price / Unit $678,333 $580,500 17 % $678,333 $648,571 5 % Price Ratio 96 % 95 % 96 % 95 % Days To Sell 140 42 233 % 140 51 172 % Active Listings at Month End 8 9 -11 % Revenue - Multi Units Units Listed 2 4 -50 % 5 5 0 % Units Sold 2 1 100 % 3 1 200 % Sell/List Ratio 100 % 25 % 60 % 20 % Sales Dollars $1,644,000 $945,000 74 % $2,419,000 $945,000 156 % Average Price / Unit $822,000 $945,000 -13 % $806,333 $945,000 -15 % Price Ratio 122 % 95 % 113 % 95 % Days To Sell 175 50 249 % 159 50 219 % Active Listings at Month End 8 7 14 %Victoria Real Estate Board Multiple Listing Service ® 4
  11. 11. Monthly Comparative Activity By Property Type February 2011Tuesday, March 01, 2011 Current Month Year To Date This Year Last Year % Change This Year Last Year % Change Revenue - Apartment Block Units Listed 0 2 -100 % 0 3 -100 % Units Sold 0 0 % 0 0 % Sell/List Ratio % 0 % % 0 % Sales Dollars $0 $0 % $0 $0 % Average Price / Unit % % Price Ratio % % % % Days To Sell % % Active Listings at Month End 0 5 -100 % Revenue - Commercial Units Listed 2 12 -83 % 11 23 -52 % Units Sold 2 2 0 % 1 3 -67 % Sell/List Ratio 100 % 17 % 9 % 13 % Sales Dollars $555,000 $1,275,000 -56 % $549,000 $1,485,000 -63 % Average Price / Unit $277,500 $637,500 -56 % $549,000 $495,000 11 % Price Ratio 98 % 94 % 96 % 94 % Days To Sell 31 114 -73 % 40 104 -61 % Active Listings at Month End 37 35 6 % Revenue - Industrial Units Listed 0 1 -100 % 0 1 -100 % Units Sold 0 0 % 0 1 -100 % Sell/List Ratio % 0 % % 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 1 -100 % Business with Land & Building Units Listed 14 10 40 % 32 15 113 % Units Sold 2 2 0 % 2 4 -50 % Sell/List Ratio 14 % 20 % 6 % 27 % Sales Dollars $1,035,010 $374,500 176 % $1,035,010 $1,569,500 -34 % Average Price / Unit $517,505 $187,250 176 % $517,505 $392,375 32 % Price Ratio 84 % 96 % 84 % 97 % Days To Sell 132 123 7 % 132 91 45 % Active Listings at Month End 67 35 91 %Victoria Real Estate Board Multiple Listing Service ® 5
  12. 12. Monthly Comparative Activity By Property Type February 2011Tuesday, March 01, 2011 Current Month Year To Date This Year Last Year % Change This Year Last Year % Change Business Only Units Listed 7 16 -56 % 26 30 -13 % Units Sold -1 2 -150 % 0 4 -100 % Sell/List Ratio -14 % 13 % 0 % 13 % Sales Dollars -$150,000 $90,000 -267 % $140,000 $1,727,820 -92 % Average Price / Unit $150,000 $45,000 233 % $431,955 % Price Ratio 118 % 54 % 83 % 87 % Days To Sell 128 % 189 171 11 % Active Listings at Month End 64 69 -7 % Motel/Hotel Units Listed 0 4 -100 % 3 5 -40 % Units Sold 0 0 % 1 1 0 % Sell/List Ratio % 0 % 33 % 20 % Sales Dollars $0 $0 % $2,300,008 $837,500 175 % Average Price / Unit % $2,300,008 $837,500 175 % Price Ratio % % 107 % 93 % Days To Sell % 454 47 866 % Active Listings at Month End 11 10 10 % Lease - Office Units Listed 5 7 -29 % 10 16 -38 % Units Sold 0 0 % 1 0 % Sell/List Ratio 0 % 0 % 10 % 0 % Sales Dollars $0 $0 % $11 $0 % Average Price / Unit % $11 % Price Ratio % % % % Days To Sell % 297 % Active Listings at Month End 27 24 13 % Lease - Retail Units Listed 2 7 -71 % 10 15 -33 % Units Sold 1 0 % 3 2 50 % Sell/List Ratio 50 % 0 % 30 % 13 % Sales Dollars $14 $0 % $53 $39 34 % Average Price / Unit $14 % $18 $20 -11 % Price Ratio % % % % Days To Sell 138 % 131 113 16 % Active Listings at Month End 30 35 -14 %Victoria Real Estate Board Multiple Listing Service ® 6
  13. 13. Monthly Comparative Activity By Property Type February 2011Tuesday, March 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 2 -100 % 0 2 -100 % Units Sold 0 0 % 0 0 % Sell/List Ratio % 0 % % 0 % Sales Dollars $0 $0 % $0 $0 % Average Price / Unit % % Price Ratio % % % % Days To Sell % % Active Listings at Month End 0 3 -100 % Lease - Other Units Listed 8 6 33 % 33 12 175 % Units Sold 0 0 % 0 0 % Sell/List Ratio 0 % 0 % 0 % 0 % Sales Dollars $0 $0 % $0 $0 % Average Price / Unit % % Price Ratio % % % % Days To Sell % % Active Listings at Month End 53 44 20 % Commercial Land Units Listed 0 2 -100 % 5 5 0 % Units Sold 0 2 -100 % 3 4 -25 % Sell/List Ratio % 100 % 60 % 80 % Sales Dollars $0 $1,550,010 -100 % $3,010 $5,205,010 -100 % Average Price / Unit $775,005 % $1,003 $1,301,253 -100 % Price Ratio % 78 % % 93 % Days To Sell 198 % 405 239 70 % Active Listings at Month End 32 33 -3 %Victoria Real Estate Board Multiple Listing Service ® 7
  14. 14. Monthly Comparative Activity By Property Type February 2011Tuesday, March 01, 2011 Current Month Year To Date This Year Last Year % Change This Year Last Year % Change Grand Totals Units Listed 1276 1460 -13 % 2463 2671 -8 % Units Sold 488 621 -21 % 827 1039 -20 % Sell/List Ratio 38 % 43 % 34 % 39 % Sales Dollars $239,304,344 $293,235,787 -18 % $406,182,801 $504,829,571 -20 % Average Price / Unit $490,378 $472,199 4 % $491,152 $485,880 1 % Price Ratio 97 % 98 % 97 % 98 % Days To Sell 66 52 27 % 74 55 35 % Active Listings at Month End 3714 3280 13 %Victoria Real Estate Board Multiple Listing Service ® 8
  15. 15. Reported Sales By Price Range - Single Family February 2011Tuesday, March 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 -.2 -1 2,500,000 - 2,999,999 2,000,000 - 2,499,999 1,750,000 - 1,999,999 .8 .7 1 1 1 2 1,500,000 - 1,749,999 .8 .7 1 1 1 1 1 1,250,000 - 1,499,999 1.1 1.6 1 3 1 1 1 1 1 1 1,000,000 - 1,249,999 2.7 2.9 1 3 2 2 2 5 2 3 950,000 - 999,999 1.1 1.1 2 3 3 900,000 - 949,999 1.1 2.0 1 1 1 1 1 1 1 1 1 2 1 850,000 - 899,999 2.7 2.5 1 1 2 2 3 1 1 2 3 1 1 800,000 - 849,999 3.4 4.1 1 1 1 4 2 4 7 1 1 1 1 1 1 1 750,000 - 799,999 3.4 3.2 2 2 2 4 2 3 1 1 2 2 2 700,000 - 749,999 6.1 5.2 2 4 2 4 1 1 6 8 1 1 1 1 1 1 2 3 650,000 - 699,999 9.5 7.7 3 4 1 8 12 2 2 2 2 3 3 2 3 2 3 1 2 1 1 1 1 600,000 - 649,999 9.8 10.0 4 4 4 7 2 8 14 1 3 2 2 1 3 1 1 4 6 1 1 1 550,000 - 599,999 10.6 12.4 6 10 1 1 2 1 3 14 2 2 7 9 1 4 1 1 1 1 3 5 3 3 2 500,000 - 549,999 11.0 9.7 4 4 1 1 3 3 2 4 5 8 3 4 2 4 1 2 1 1 7 9 1 1 1 450,000 - 499,999 12.9 11.5 6 10 2 3 1 1 5 6 5 7 1 2 1 4 5 5 9 3 4 2 3 400,000 - 449,999 10.6 12.0 2 3 2 4 1 1 1 1 5 7 1 1 2 4 2 5 7 15 1 2 4 1 4 2 3 350,000 - 399,999 8.7 9.0 1 2 1 1 1 3 3 3 3 1 3 3 2 4 6 9 3 8 2 1 3 300,000 - 349,999 2.7 2.5 1 1 1 1 2 2 2 2 4 1 1 0 - 299,999 1.1 1.4 1 1 1 2 4 Total Units 264 442 34 54 14 28 11 18 5 11 51 87 29 39 16 23 9 17 8 12 1 2 14 22 39 62 2 6 15 27 6 17 10 17 Percentages 100 100 12.9 12.2 5.3 6.3 4.2 4.1 1.9 2.5 19.3 19.7 11.0 8.8 6.1 5.2 3.4 3.8 3.0 2.7 .4 .5 5.3 5.0 14.8 14.0 .8 1.4 5.7 6.1 2.3 3.8 3.8 3.8Victoria Real Estate Board Multiple Listing Service ® 1
  16. 16. Reported Sales By Price Range - Condominium February 2011Tuesday, March 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 - .7 .9 1 1 1 975,000 - 999,999 950,000 - 974,999 925,000 - 949,999 900,000 - 924,999 875,000 - 899,999 850,000 - 874,999 825,000 - 849,999 800,000 - 824,999 775,000 - 799,999 1.5 .9 1 1 1 1 750,000 - 774,999 .7 .4 1 1 725,000 - 749,999 .7 .4 1 1 700,000 - 724,999 675,000 - 699,999 .7 .4 1 1 650,000 - 674,999 625,000 - 649,999 .4 1 600,000 - 624,999 575,000 - 599,999 1.3 1 1 1 550,000 - 574,999 .4 1 525,000 - 549,999 3.0 2.2 2 3 2 2 500,000 - 524,999 .7 .9 1 2 475,000 - 499,999 .7 .9 1 1 1 450,000 - 474,999 1.3 3 425,000 - 449,999 2.2 1.8 3 4 400,000 - 424,999 .7 .9 1 1 1 -1 -1 1 1 375,000 - 399,999 9.0 6.7 7 8 1 2 2 2 1 1 1 1 1 350,000 - 374,999 6.7 6.3 7 11 1 1 1 1 1 325,000 - 349,999 6.7 6.7 4 8 1 2 2 1 1 2 2 1 300,000 - 324,999 9.0 12.9 6 12 1 1 2 3 6 1 1 4 2 4 -1 -1 275,000 - 299,999 10.4 11.2 8 15 4 5 -1 -1 1 2 2 4 250,000 - 274,999 17.2 14.3 10 14 1 1 3 3 3 6 1 1 1 1 5 5 225,000 - 249,999 11.2 10.7 7 14 1 1 1 3 3 4 5 200,000 - 224,999 10.4 10.7 6 13 1 2 2 3 3 3 1 2 1 1 175,000 - 199,999 2.2 3.1 1 4 2 3 150,000 - 174,999 3.7 2.7 2 3 2 2 1 1 0 - 149,999 1.5 1.3 2 3 Total Units 134 224 71 127 5 8 8 12 1 1 18 21 7 14 4 5 4 13 1 1 16 23 -1 -1 Percentages 100 100 53.0 56.7 3.7 3.6 6.0 5.4 .7 .4 13.4 9.4 5.2 6.3 3.0 2.2 3.0 5.8 .7 .4 11.9 10.3 -.7 -.4Victoria Real Estate Board Multiple Listing Service ® 2
  17. 17. Reported Sales By Price Range - Townhouse February 2011Tuesday, March 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 - 975,000 - 999,999 950,000 - 974,999 925,000 - 949,999 900,000 - 924,999 875,000 - 899,999 850,000 - 874,999 825,000 - 849,999 1.1 1 800,000 - 824,999 775,000 - 799,999 750,000 - 774,999 725,000 - 749,999 1.9 1.1 1 1 700,000 - 724,999 675,000 - 699,999 1.1 1 650,000 - 674,999 1.9 2.2 1 1 1 625,000 - 649,999 1.9 2.2 1 2 600,000 - 624,999 1.9 1.1 1 1 575,000 - 599,999 1.9 2.2 1 2 550,000 - 574,999 525,000 - 549,999 7.7 8.8 1 1 1 1 2 1 1 2 2 500,000 - 524,999 1.9 4.4 1 1 1 1 1 475,000 - 499,999 11.5 11.0 1 4 2 2 1 2 1 1 1 1 450,000 - 474,999 7.7 5.5 2 2 1 1 1 1 1 425,000 - 449,999 2.2 1 1 400,000 - 424,999 7.7 7.7 1 2 1 1 1 2 2 1 375,000 - 399,999 11.5 12.1 1 1 1 1 1 1 2 4 1 2 2 350,000 - 374,999 15.4 14.3 1 1 2 2 2 3 4 1 1 1 1 2 325,000 - 349,999 5.8 6.6 2 3 1 1 1 1 300,000 - 324,999 5.8 5.5 2 2 1 3 275,000 - 299,999 9.6 6.6 1 1 2 3 1 2 1 1 -1 250,000 - 274,999 1.9 2.2 1 1 1 225,000 - 249,999 1.9 1.1 1 1 200,000 - 224,999 175,000 - 199,999 150,000 - 174,999 1.9 1.1 1 1 0 - 149,999 Total Units 52 91 11 21 1 1 2 4 6 10 8 14 3 5 6 12 1 2 4 10 6 7 3 4 1 2 -1 Percentages 100 100 21.2 23.1 1.9 1.1 3.8 4.4 11.5 11.0 15.4 15.4 5.8 5.5 11.5 13.2 1.9 2.2 7.7 11.0 11.5 7.7 5.8 4.4 1.9 2.2 -1.1Victoria Real Estate Board Multiple Listing Service ® 3
  18. 18. Reported Sales By Price Range - Manufactured Homes February 2011Tuesday, March 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 - 5.9 7.1 1 1 1 290,000 - 299,999 280,000 - 289,999 5.9 3.6 1 1 270,000 - 279,999 260,000 - 269,999 250,000 - 259,999 240,000 - 249,999 230,000 - 239,999 11.8 10.7 2 2 1 220,000 - 229,999 210,000 - 219,999 200,000 - 209,999 5.9 3.6 1 1 190,000 - 199,999 180,000 - 189,999 170,000 - 179,999 160,000 - 169,999 7.1 1 1 150,000 - 159,999 140,000 - 149,999 5.9 7.1 1 1 1 130,000 - 139,999 17.6 10.7 1 1 2 2 120,000 - 129,999 5.9 7.1 1 1 1 110,000 - 119,999 100,000 - 109,999 5.9 3.6 1 1 90,000 - 99,999 5.9 7.1 1 1 1 80,000 - 89,999 11.8 7.1 1 1 1 1 70,000 - 79,999 60,000 - 69,999 3.6 1 50,000 - 59,999 40,000 - 49,999 3.6 1 30,000 - 39,999 5.9 10.7 1 1 1 1 20,000 - 29,999 5.9 3.6 1 1 0 - 19,999 5.9 3.6 1 1 Total Units 17 28 4 5 3 5 1 3 3 3 1 1 3 6 2 2 3 Percentages 100 100 23.5 17.9 17.6 17.9 5.9 10.7 17.6 10.7 5.9 3.6 17.6 21.4 7.1 11.8 10.7Victoria Real Estate Board Multiple Listing Service ® 4

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