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GVRB stats along with breakdown for the Peninsula
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Friday, 1 March, 2013 4:12:33 PM Pacific Standard Time
Page 1 of 3
Subject: SPRING PERKS UP GREATER VICTORIA REAL ESTATE MARKETDate: Friday, 1 March, 2013 12:45:06 PM Pacific Standard Time
From: VREB MessagesTo: undisclosed-‐recipients:;
SPRING PERKS UP GREATER VICTORIA REAL ESTATE MARKET VICTORIA, BC–The Victoria Real Estate Board reports a total of 394 sales were processed through theMultiple Listing Service (MLS®) in February, an increase of 34% over the previous month. The highest activitywas in single-‐family homes and condominiums. Compared to February 2012, sales were down by 18.26%. Shelley Mann, President of the Board, says it’smore important to look at monthly trends and compare monthly buying behaviour year-‐over-‐year. “Thetrend lines for November, December and January are the same for the last three years. “We’ve seen a slow increase in sales activity over the last three months and we still hold to our forecast of amodest 2-‐4% sales increase in 2013,” Mann says. “The typical spring market is perking up. I spoke to 10 REALTORS® yesterday and nine said they areexperiencing definite increases in their activity over the last two months and have a positive outlook. Manybuyers are still waiting for prices to drop, but it’s clear to me that sellers are in a holding pattern regardingthe value of their homes,” Mann says. “However, if a house is priced properly, within the market valuerange, it will likely sell more quickly.” The median price of a single family home is $505,500 compared to $530,250 in February 2012, a decrease of4.67%. The six-‐month average shows an increase of less than one percent year-‐over-‐year, and a less thanone percent decrease over last month. “In other words, no change,” Mann adds. There were 112 condominium sales in February, a 38.27% increase over January 2013. While the medianprice of $270,500 for condominiums is down 2.08% year-‐over-‐year, it increased 13.49% over January 2013.Townhouses saw increased sales in the past month with a median price of $337,500, which is down by11.65% year-‐over-‐year and 10.82% since January 2013. Current active listings at the end of February were4,072. Total Waterfront Single Family Dwellings sold: 12, up 5 over February 2012Total Non-‐waterfront Single Family Dwellings sold: 203, down 55 sales from February 2012Single Family Dwellings sold over $1 million: 11 (3 over $2 million) While the use of average price information can be useful in establishing trends when applied over a periodof time, e.g. six months or longer, the Victoria Real Estate Board cautions that an average price does notindicate the actual value of a property in a particular neighbourhood. Those requiring specific informationon property values in their area should contact a REALTOR®.
Page 2 of 3
-‐ 30 –
February stats summary on following pages. Maggie Kerr-‐Southin APRManager, Communications, Victoria Real Estate Board Direct Phone: 250.920.4652; Email: mkerrsouthin@vreb.org
February 2013, MLS® Real Estate Sales and Average Prices, Greater Victoria 2013 -‐ February 2013 -‐ January 2012 -‐ February
No ofSales
Average Price $
MedianPrice $
No ofSales
AveragePrice $
MedianPrice $
No ofSales
AveragePrice $
MedianPrice $
Single FamilyGr. Victoria
197 601,377 517,500 138 530,517 489,000 248 579,985 530,000
Single FamilyOther Areas
18 388,844 350,000 15 571,660 425,000 17 588,894 540,000
Total* SingleFamily Allareas
215 583,584 505,000 153 534,557 482,500 265 580,556 530,250
Condos 112 299,412 270,500 81 264,739 238,350 136 313,093 276,250
Townhomes 43 402,278 337,500 40 394,689 382,000 65 393,934 378,450
ManufacturedHomes
13 89,623 67,000 10 81,290 71,750 16 118,056 112,500
TOTALRESIDENTIAL
383 284 482
TOTAL SALES 394 294 497
ACTIVELISTINGS
4,072 3,870 3,977
February 2013, MLS® Real Estate Sales and Six-‐Month Average Prices over January 2013
Page 3 of 3
* All Areas includes Shawnigan Lake/Malahat, Gulf Islands and Up Island Maggie Kerr-Southin APR, Manager, Communications, Victoria Real Estate Board - www.vreb.org3035 Nanaimo Street, Victoria BC V8T 4W2 - Direct Phone: 250.920.4652
P Please consider the environment before printing this email.
Monthly Sales SummaryFriday, March 1, 2013
Units Total Volume Average
Price
6 Month
Average
February 2013
Region Median
PriceDistrict
ResidentialSingle Familyl
Greater Victoria
Victoria 24 $13,837,400 $576,558 $604,865 $499,000
Victoria West 2 $980,000 $490,000 $440,000 $490,000
Oak Bay 16 $13,600,000 $850,000 $886,310 $705,500
Esquimalt 5 $2,423,900 $484,780 $477,843 $427,500
View Royal 2 $650,000 $325,000 $532,303 $325,000
Saanich East 44 $27,069,276 $615,211 $593,720 $587,000
Saanich West 13 $8,343,300 $641,792 $518,890 $460,000
Central Saanich 8 $3,883,300 $485,413 $605,335 $511,950
North Saanich 9 $6,226,000 $691,778 $625,220 $665,000
Sidney 4 $1,822,000 $455,500 $483,317 $444,500
Highlands 1 $500,000 $500,000 $617,681 $500,000
Colwood 9 $4,434,000 $492,667 $454,780 $500,000
Langford 32 $14,410,190 $450,318 $475,243 $427,500
Metchosin 3 $1,641,000 $547,000 $545,500 $539,000
Sooke 17 $6,956,933 $409,231 $398,474 $380,000
Waterfront (all districts) 8 $11,694,000 $1,461,750 $1,165,284 $849,500
Total Greater Victoria 197 $118,471,299 $601,377 $595,617 $517,500
Other Areas
Shawnigan Lake / Malahat 2 $970,500 $485,250 $433,146 $505,000
Gulf Islands 9 $3,139,700 $348,856 $432,408 $350,000
UpIsland / Mainland 3 $1,115,000 $371,667 $455,088 $295,000
Waterfront (all districts) 4 $1,774,000 $443,500 $819,919 $500,000
Total Other Areas 18 $6,999,200 $388,844 $528,474 $350,000
Total Single Family 215 $125,470,499 $583,584 $589,269 $505,000
Condominiuml
Greater Victoria
Victoria 52 $17,005,250 $327,024 $302,500 $300,000
Victoria West 5 $1,208,813 $241,763 $342,092 $235,013
Oak Bay 5 $1,603,500 $320,700 $316,690 $315,000
Esquimalt 8 $1,953,000 $244,125 $215,366 $233,500
View Royal 1 $290,000 $290,000 $273,869 $290,000
Saanich East 14 $4,403,800 $314,557 $283,223 $221,000
Saanich West 7 $1,650,600 $235,800 $254,606 $277,000
Central Saanich 3 $808,013 $269,338 $258,836 $282,000
Sidney 8 $2,031,500 $253,938 $258,357 $242,750
Colwood 2 $499,000 $249,500 $279,240 $249,500
Langford 4 $1,130,700 $282,675 $259,449 $290,450
Waterfront (all districts) 3 $950,000 $316,667 $365,595 $285,000
Total Greater Victoria 112 $33,534,176 $299,412 $290,171 $270,500
Total Condominium 112 $33,534,176 $299,412 $290,171 $270,500
1Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales SummaryFriday, March 1, 2013
Units Total Volume Average
Price
6 Month
Average
February 2013
Region Median
PriceDistrict
Townhousel
Greater Victoria
Victoria 3 $1,251,000 $417,000 $430,291 $423,000
Oak Bay 1 $642,000 $642,000 $551,000 $642,000
View Royal 2 $332,000 $166,000 $291,627 $166,000
Saanich East 5 $2,727,075 $545,415 $476,587 $470,000
Saanich West 2 $782,500 $391,250 $377,927 $391,250
Central Saanich 3 $860,000 $286,667 $340,571 $278,000
Sidney 6 $2,234,000 $372,333 $396,882 $393,750
Colwood 3 $866,500 $288,833 $410,055 $305,000
Langford 12 $4,059,400 $338,283 $339,362 $329,450
Waterfront (all districts) 4 $2,829,500 $707,375 $506,714 $759,750
Total Greater Victoria 41 $16,583,975 $404,487 $403,310 $337,500
Other Areas
Gulf Islands 1 $489,000 $489,000 $404,800 $489,000
UpIsland / Mainland 1 $225,000 $225,000 $239,300 $225,000
Total Other Areas 2 $714,000 $357,000 $275,215 $357,000
Total Townhouse 43 $17,297,975 $402,278 $396,448 $337,500
Manufactured Homesl
Greater Victoria
View Royal 1 $123,500 $123,500 $108,833 $123,500
Central Saanich 2 $292,000 $146,000 $141,446 $146,000
Langford 2 $50,000 $25,000 $102,700 $25,000
Sooke 5 $290,600 $58,120 $68,576 $65,100
Total Greater Victoria 10 $756,100 $75,610 $75,503 $66,050
Other Areas
Shawnigan Lake / Malahat 1 $197,000 $197,000 $107,500 $197,000
Gulf Islands 2 $212,000 $106,000 $96,833 $106,000
Total Other Areas 3 $409,000 $136,333 $87,472 $162,000
Total Manufactured Homes 13 $1,165,100 $89,623 $77,298 $67,000
Total Residential 383 $177,467,750
Grand Totals 394 $180,468,911
8 $2,126,161 $265,770Other Commercial Propertiesl
Other Property
Lots & Acreage (Incl Wtrfrnt)l
Greater Victoria
North Saanich -1 ($250,000) ($250,000) $785,000
Colwood 1 $225,000 $225,000 $225,000 $225,000
Langford 3 $900,000 $300,000 $285,156 $280,000
Total Greater Victoria 3 $875,000 $291,667 $382,741 $275,000
Total Lots & Acreage (Incl Wtrfrnt) 3 $875,000 $291,667 $353,529 $275,000
2Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type March 01, 2013
February 2013
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Single Family - Residential
Units Listed 450
Units Sold 177
Sell/List Ratio 39
Sales Dollars $96,530,599
Average Price / Unit $545,371
Price Ratio 97
Days To Sell 68
Active Listings at Month End 1281
%
%
510
224
44
$126,580,126
$565,090
98
55
1168
%
%
-12
-21
-24
-3
25
10
%
%
%
%
%
%
890
298
33
$157,982,988
$530,144
97
75
%
%
974
393
40
$220,660,390
$561,477
98
63
%
%
-9
-24
-28
-6
19
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 45
Units Sold 12
Sell/List Ratio 27
Sales Dollars $13,468,000
Average Price / Unit $1,122,333
Price Ratio 94
Days To Sell 197
Active Listings at Month End 223
%
%
40
7
18
$2,652,000
$378,857
83
125
226
%
%
13
71
408
196
57
-1
%
%
%
%
%
%
79
21
27
$21,380,000
$1,018,095
94
166
%
%
80
11
14
$6,574,000
$597,636
91
100
%
%
-1
91
225
70
67
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 61
Units Sold 21
Sell/List Ratio 34
Sales Dollars $13,442,400
Average Price / Unit $640,114
Price Ratio 95
Days To Sell 145
Active Listings at Month End 279
%
%
69
26
38
$21,194,750
$815,183
95
122
264
%
%
-12
-19
-37
-21
19
6
%
%
%
%
%
%
125
41
33
$24,656,100
$601,368
95
132
%
%
131
36
27
$28,055,150
$779,310
95
127
%
%
-5
14
-12
-23
4
%
%
%
%
%
Condominium
Units Listed 247
Units Sold 112
Sell/List Ratio 45
Sales Dollars $33,534,176
Average Price / Unit $299,412
Price Ratio 97
Days To Sell 86
Active Listings at Month End 929
%
%
352
136
39
$42,580,715
$313,093
97
73
908
%
%
-30
-18
-21
-4
17
2
%
%
%
%
%
%
509
193
38
$54,978,026
$284,860
96
81
%
%
633
248
39
$76,913,815
$310,136
97
82
%
%
-20
-22
-29
-8
-1
%
%
%
%
%
1Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type March 01, 2013
February 2013
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Townhouse
Units Listed 78
Units Sold 43
Sell/List Ratio 55
Sales Dollars $17,297,975
Average Price / Unit $402,278
Price Ratio 97
Days To Sell 79
Active Listings at Month End 348
%
%
122
65
53
$25,605,708
$393,934
98
73
342
%
%
-36
-34
-32
2
9
2
%
%
%
%
%
%
205
83
40
$33,085,540
$398,621
97
87
%
%
222
106
48
$41,879,058
$395,085
98
74
%
%
-8
-22
-21
1
17
%
%
%
%
%
Strata Duplex (Up and Down)
Units Listed 4
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 6
%
%
3
0
0
$0
5
%
%
33
20
%
%
%
%
%
%
6
0
0
$0
%
%
5
0
0
$0
%
%
20 %
%
%
%
%
Strata Duplex (Side by Side)
Units Listed 5
Units Sold 2
Sell/List Ratio 40
Sales Dollars $810,000
Average Price / Unit $405,000
Price Ratio 97
Days To Sell 99
Active Listings at Month End 17
%
%
18
6
33
$2,490,500
$415,083
97
57
41
%
%
-72
-67
-67
-2
74
-59
%
%
%
%
%
%
12
5
42
$2,018,200
$403,640
98
59
%
%
30
10
33
$3,819,500
$381,950
97
60
%
%
-60
-50
-47
6
-2
%
%
%
%
%
Strata Duplex (Front and Back)
Units Listed 1
Units Sold 1
Sell/List Ratio 100
Sales Dollars $292,000
Average Price / Unit $292,000
Price Ratio 96
Days To Sell 126
Active Listings at Month End 5
%
%
7
1
14
$410,000
$410,000
97
17
10
%
%
-86
0
-29
-29
641
-50
%
%
%
%
%
%
4
1
25
$292,000
$292,000
96
126
%
%
9
3
33
$1,111,500
$370,500
96
50
%
%
-56
-67
-74
-21
152
%
%
%
%
%
2Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type March 01, 2013
February 2013
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Recreational
Units Listed 3
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 26
%
%
2
0
0
$0
13
%
%
50
100
%
%
%
%
%
%
3
0
0
$0
%
%
6
0
0
$0
%
%
-50 %
%
%
%
%
Manufactured Home
Units Listed 30
Units Sold 13
Sell/List Ratio 43
Sales Dollars $1,165,100
Average Price / Unit $89,623
Price Ratio 90
Days To Sell 128
Active Listings at Month End 112
%
%
38
16
42
$1,888,900
$118,056
93
81
109
%
%
-21
-19
-38
-24
57
3
%
%
%
%
%
%
57
23
40
$1,978,000
$86,000
92
111
%
%
55
24
44
$2,715,900
$113,163
93
81
%
%
4
-4
-27
-24
37
%
%
%
%
%
Residential Lots
Units Listed 26
Units Sold 3
Sell/List Ratio 12
Sales Dollars $875,000
Average Price / Unit $291,667
Price Ratio 100
Days To Sell 67
Active Listings at Month End 195
%
%
48
6
13
$1,487,000
$247,833
93
133
217
%
%
-46
-50
-41
18
-50
-10
%
%
%
%
%
%
54
5
9
$2,272,120
$454,424
133
153
%
%
61
12
20
$3,596,000
$299,667
94
167
%
%
-11
-58
-37
52
-8
%
%
%
%
%
Residential Lots - Waterfront
Units Listed 5
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 40
%
%
9
0
0
$0
35
%
%
-44
14
%
%
%
%
%
%
8
0
0
$0
%
%
12
0
0
$0
%
%
-33 %
%
%
%
%
3Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type March 01, 2013
February 2013
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Residential Acreage
Units Listed 12
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 156
%
%
12
4
33
$1,305,000
$326,250
94
217
185
%
%
0
-100
-100
-16
%
%
%
%
%
%
25
0
0
-$161,000
107
18
%
%
25
7
28
$2,967,500
$423,929
95
132
%
%
0
-100
-105
-86
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 7
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 60
%
%
12
0
0
$0
84
%
%
-42
-29
%
%
%
%
%
%
9
0
0
$0
%
%
19
1
5
$2,150,000
$2,150,000
98
553
%
%
-53
-100
-100
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 6
Units Sold 2
Sell/List Ratio 33
Sales Dollars $927,500
Average Price / Unit $463,750
Price Ratio 92
Days To Sell 160
Active Listings at Month End 15
%
%
4
1
25
$520,000
$520,000
97
19
13
%
%
50
100
78
-11
742
15
%
%
%
%
%
%
8
2
25
$927,500
$463,750
92
160
%
%
7
3
43
$1,975,000
$658,333
99
45
%
%
14
-33
-53
-30
256
%
%
%
%
%
Revenue - Multi Units
Units Listed 4
Units Sold 1
Sell/List Ratio 25
Sales Dollars $426,100
Average Price / Unit $426,100
Price Ratio 78
Days To Sell 99
Active Listings at Month End 11
%
%
1
0
0
$0
9
%
%
300
22
%
%
%
%
%
%
7
1
14
$426,100
$426,100
78
99
%
%
4
1
25
$800,000
$800,000
95
6
%
%
75
0
-47
-47
1550
%
%
%
%
%
4Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type March 01, 2013
February 2013
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Revenue - Apartment Block
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 6
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
2
0
0
$0
%
%
0
0
$0
%
%
%
%
%
%
%
Revenue - Commercial
Units Listed 6
Units Sold 1
Sell/List Ratio 17
Sales Dollars $275,000
Average Price / Unit $275,000
Price Ratio 85
Days To Sell 520
Active Listings at Month End 53
%
%
15
2
13
$4,612,000
$2,306,000
91
94
52
%
%
-60
-50
-94
-88
453
2
%
%
%
%
%
%
15
4
27
$1,124,000
$281,000
97
210
%
%
28
2
7
$4,612,000
$2,306,000
91
94
%
%
-46
100
-76
-88
123
%
%
%
%
%
Revenue - Industrial
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 2
%
%
0
0
$0
1
%
%
100
%
%
%
%
%
%
1
0
0
$0
%
%
1
0
0
$0
%
%
0 %
%
%
%
%
Business with Land & Building
Units Listed 9
Units Sold 1
Sell/List Ratio 11
Sales Dollars $1,250,000
Average Price / Unit $1,250,000
Price Ratio 86
Days To Sell 255
Active Listings at Month End 65
%
%
15
0
0
$0
58
%
%
-40
12
%
%
%
%
%
%
15
2
13
$2,750,000
$1,375,000
89
309
%
%
22
2
9
$530,007
$265,004
96
296
%
%
-32
0
419
419
4
%
%
%
%
%
5Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type March 01, 2013
February 2013
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Business Only
Units Listed 16
Units Sold 1
Sell/List Ratio 6
Sales Dollars $175,000
Average Price / Unit $175,000
Price Ratio 76
Days To Sell 206
Active Listings at Month End 71
%
%
12
0
0
$0
67
%
%
33
6
%
%
%
%
%
%
30
3
10
$260,500
$86,833
77
169
%
%
21
5
24
$370,000
$74,000
88
65
%
%
43
-40
-30
17
159
%
%
%
%
%
Motel/Hotel
Units Listed 2
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 8
%
%
0
1
$8,000
$8,000
80
79
7
%
%
-100
-100
14
%
%
%
%
%
%
2
0
0
$0
%
%
1
1
100
$8,000
$8,000
80
79
%
%
100
-100
-100
%
%
%
%
%
Lease - Office
Units Listed 7
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 37
%
%
6
1
17
$12
$12
41
35
%
%
17
-100
-100
6
%
%
%
%
%
%
14
0
0
$0
%
%
16
1
6
$12
$12
41
%
%
-13
-100
-100
%
%
%
%
%
Lease - Retail
Units Listed 4
Units Sold 1
Sell/List Ratio 25
Sales Dollars $18
Average Price / Unit $18
Price Ratio
Days To Sell 155
Active Listings at Month End 45
%
%
7
1
14
$14
$14
72
32
%
%
-43
0
26
26
115
41
%
%
%
%
%
%
7
1
14
$18
$18
155
%
%
15
2
13
$26
$13
64
%
%
-53
-50
-31
37
144
%
%
%
%
%
6Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type March 01, 2013
February 2013
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Lease - Warehouse
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 0
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
0
0
$0
%
%
%
%
%
%
%
Lease - Industrial
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 0
%
%
0
0
$0
1
%
%
-100
%
%
%
%
%
%
0
0
$0
%
%
0
0
$0
%
%
%
%
%
%
%
Lease - Other
Units Listed 8
Units Sold 3
Sell/List Ratio 38
Sales Dollars $44
Average Price / Unit $15
Price Ratio
Days To Sell 248
Active Listings at Month End 46
%
%
6
0
0
$0
49
%
%
33
-6
%
%
%
%
%
%
22
4
18
$68
$17
240
%
%
16
1
6
$850
$850
100
45
%
%
38
300
-92
-98
433
%
%
%
%
%
Commercial Land
Units Listed 3
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 36
%
%
10
0
0
$0
46
%
%
-70
-22
%
%
%
%
%
%
10
1
10
$950,000
$950,000
96
94
%
%
13
0
0
$0
%
%
-23 %
%
%
%
%
7Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type March 01, 2013
February 2013
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Units Listed 1039
Units Sold 394
Sell/List Ratio 38
Sales Dollars $180,468,911
Average Price / Unit $458,043
Price Ratio 96
Days To Sell 89
Active Listings at Month End 4072
%
%
Grand Totals
1318
497
38
$231,334,725
$465,462
97
70
3977
%
%
-21
-21
-22
-2
27
2
%
%
%
%
%
%
2119
688
32
$304,920,159
$443,198
97
89
%
%
2406
869
36
$398,738,707
$458,848
97
76
%
%
-12
-21
-24
-3
17
%
%
%
%
%
8Victoria Real Estate Board Multiple Listing Service ®
Active Listings, New Listings and Sales February 2013Friday, March 01, 2013
2,900
3,100
3,300
3,500
3,700
3,900
4,100
4,300
4,500
4,700
4,900
5,100
5,300
Feb
201
1
Mar
201
1
Apr
201
1
May
201
1
Jun
2011
Jul 2
011
Aug
201
1
Sep
201
1
Oct
201
1
Nov
201
1
Dec
201
1
Jan
2012
Feb
201
2
Mar
201
2
Apr
201
2
May
201
2
Jun
2012
Jul 2
012
Aug
201
2
Sep
201
2
Oct
201
2
Nov
201
2
Dec
201
2
Jan
2013
Feb
201
3
Total Active MLS® Listings
Total Ne MLS® Listings and Total MLS® Sales
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
Feb
201
1
Mar
201
1
Apr
201
1
May
201
1
Jun
2011
Jul 2
011
Aug
201
1
Sep
201
1
Oct
201
1
Nov
201
1
Dec
201
1
Jan
2012
Feb
201
2
Mar
201
2
Apr
201
2
May
201
2
Jun
2012
Jul 2
012
Aug
201
2
Sep
201
2
Oct
201
2
Nov
201
2
Dec
201
2
Jan
2013
Feb
201
3
Total New MLS® Listings and Total MLS® Sales
Listings Sales
Victoria Real Estate Board Multiple Listing Service ®
Average Selling PricesFriday, March 01, 2013
February 2013
$300,000
$325,000
$350,000
$375,000
$400,000
Condominiums (All Areas)
$500,000
$525,000
$550,000
$575,000
$600,000
$625,000
$650,000
$675,000
Fe
b 2
01
1
Ma
r 2
01
1
Ap
r 2
01
1
Ma
y 2
01
1
Jun
20
11
Jul 2
01
1
Au
g 2
01
1
Se
p 2
01
1
Oct
20
11
No
v 2
01
1
De
c 2
01
1
Jan
20
12
Fe
b 2
01
2
Ma
r 2
01
2
Ap
r 2
01
2
Ma
y 2
01
2
Jun
20
12
Jul 2
01
2
Au
g 2
01
2
Se
p 2
01
2
Oct
20
12
No
v 2
01
2
De
c 2
01
2
Jan
20
13
Fe
b 2
01
3
Single Family Homes (Greater Victoria Only)
$250,000
$275,000
Fe
b 2
01
1
Ma
r 2
01
1
Ap
r 2
01
1
Ma
y 2
01
1
Jun
20
11
Jul 2
01
1
Au
g 2
01
1
Se
p 2
01
1
Oct
20
11
No
v 2
01
1
De
c 2
01
1
Jan
20
12
Fe
b 2
01
2
Ma
r 2
01
2
Ap
r 2
01
2
Ma
y 2
01
2
Jun
20
12
Jul 2
01
2
Au
g 2
01
2
Se
p 2
01
2
Oct
20
12
No
v 2
01
2
De
c 2
01
2
Jan
20
13
Fe
b 2
01
3
Victoria Real Estate Board Multiple Listing Service ®
$325,000
$350,000
$375,000
$400,000
$425,000
$450,000
$475,000
$500,000
Fe
b 2
01
1
Ma
r 2
01
1
Ap
r 2
01
1
Ma
y 2
01
1
Jun
20
11
Jul 2
01
1
Au
g 2
01
1
Se
p 2
01
1
Oct
20
11
No
v 2
01
1
De
c 2
01
1
Jan
20
12
Fe
b 2
01
2
Ma
r 2
01
2
Ap
r 2
01
2
Ma
y 2
01
2
Jun
20
12
Jul 2
01
2
Au
g 2
01
2
Se
p 2
01
2
Oct
20
12
No
v 2
01
2
De
c 2
01
2
Jan
20
13
Fe
b 2
01
3
Townhomes (All Areas)
7.1
7.9
8.0
8.7 9.0
10.4
9.99.5
9.9
9.4
8.8
8.3
8.5
9.19.4
9.810.0
9.48.9 8.8
9.2
9.5 9.7 9.610.6
11.5
3.8
5.1
5.4
7.98.1 8.1
7.4 7.6
7.8
6.9 6.76.3
2
3
4
5
6
7
8
9
10
11
12
January
February
March
April
May
June
July
August
September
October
Novem
ber
December
Mon
ths o
f Inven
tory
Absorption Rate (2010‐ 2013)
2010 2011 2012 2013
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
Feb‐12 Mar‐12 Apr‐12 May‐12 Jun‐12 Jul‐12 Aug‐12 Sep‐12 Oct‐12 Nov‐12 Dec‐12 Jan‐13 Feb‐13North Saanich 9.25 8.66 9.55 9.65 7.85 7.96 7.56 7.52 7.48 8.82 8.67 13.07 12.68Central Saanich 4.80 5.03 5.76 6.32 6.00 6.80 7.09 7.77 8.22 6.82 4.86 4.45 6.84Sidney 4.20 4.46 7.69 7.67 6.92 6.47 5.27 5.07 3.88 5.25 6.00 5.82 6.89
Absorption Rate ‐ Single Family Detached ‐ By Area
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
Feb‐12 Mar‐12 Apr‐12 May‐12 Jun‐12 Jul‐12 Aug‐12 Sep‐12 Oct‐12 Nov‐12 Dec‐12 Jan‐13 Feb‐13Central Saanich 7.88 12.00 7.80 9.60 9.27 8.77 8.50 7.64 9.00 9.33 10.50 14.00 10.50Sidney 6.82 7.50 8.04 7.29 6.67 7.24 6.95 5.91 4.46 4.50 4.71 6.37 7.59
Absorption Rate ‐ Condominiums ‐ By Area
0.00
2.00
4.00
6.00
8.00
10.00
12.00
Feb‐12 Mar‐12 Apr‐12 May‐12 Jun‐12 Jul‐12 Aug‐12 Sep‐12 Oct‐12 Nov‐12 Dec‐12 Jan‐13 Feb‐13Central Saanich 9.86 10.00 6.95 7.20 5.18 6.00 5.18 6.00 5.71 5.37 5.60 5.60 6.86Sidney 6.00 3.33 5.14 6.00 3.27 4.36 2.73 3.00 2.73 2.00 1.33 1.50 2.00
Absorption Rate ‐Manufactured ‐ By Area
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
Feb‐12 Mar‐12 Apr‐12 May‐12 Jun‐12 Jul‐12 Aug‐12 Sep‐12 Oct‐12 Nov‐12 Dec‐12 Jan‐13 Feb‐13Central Saanich 7.14 6.25 6.00 7.20 6.92 4.97 4.55 6.86 7.20 8.63 9.60 15.27 15.27Sidney 6.53 8.69 8.00 5.72 6.38 6.27 5.59 5.87 5.56 7.24 6.78 11.73 8.40
Absorption Rate ‐ Town House ‐ By Area
0123456789
10111213141516
Single FamilyCondos
Town Houses
12.68
n/an/a
6.89 7.59 8.406.84
10.50
15.27
Mon
ths of In
ventory
Absorption Rates February 2013
North Saanich Sidney Central Saanich
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2010 418 621 789 756 695 625 527 425 395 467 479 3492011 339 488 622 574 572 618 523 542 458 483 482 3392012 372 497 570 586 659 637 523 462 419 373 366 2832013 294 394
200
300
400
500
600
700
800
900
Num
ber o
f Sales
Monthly Sales Comparison (2010‐2013)
0
1000
2000
3000
4000
5000
Total Active Listings / Number of Sales
Active Listings Number of Sales
Single Family Detached
Price RangeNorth Saanich Central Saanich SidneyListed Sold Listed Sold Listed Sold
$0-$500K 3 0 5 2 18 2
$500K-$800K 45 7 29 4 9 1
$800K-$1M 9 1 6 0 1 0
$1M-$2M 28 1 11 0 2 1
$2M+ 9 0 7 0 1 0
SFD Waterfront
Price RangeSaanich PeninsulaListed Sold
$0-$1M 8 0
$1M-$2M 17 1
$2M+ 11 0
Condos & Townhomes
Price RangeSaanich PeninsulaListed Sold
$0-$400K 81 17
$400K-$800K 54 3
$800K-$1M 3 2
$1M+ 3 0
Manufactured Homes
Price RangeSaanich PeninsulaListed Sold
$0-$150K 6 1
$150K-$300K 12 1
$300K+ 0 0
Lots & Vacant Land
Price RangeSaanich PeninsulaListed Sold
$0-$300K 5 0
$300K-$400K 19 0
$400K-$500K 3 0
$500K+ 10 0
“Listed” refers to the number of listings presently on the market at the end of the month indicated.“Sold” refers to any properties with unconditional offers in the month indicated.
February 2013Sales Performance
DFH Sidney6.5
20.00%
Gordon Hulme1
3.08%
Royal LePage By the Sea4
12.31%
Saanich Peninsula Realty0
0.00%
Sparling Real Estate1
3.08%
Holmes Realty10
30.77%
Re/Max Peninsula10
30.77%
Percentage of Sales by No. of SalesPeninsula Offices ‐ February 2013
Office / Number / PercentageYear To Date
© 2013 Holmes Realty Ltd. ‐ Data Sourced From VREB MLS
DFH Sidney$2,439,90016.20%
Gordon Hulme$389,0002.58%
Royal LePage By the Sea$1,492,000
9.91%
Saanich Peninsula Realty$0
0.00%
Sparling Real Estate$465,0003.09%
Holmes Realty$5,702,70037.88%
Re/Max Peninsula$4,568,00030.34%
Percentage of Sales by Value of SalesPeninsula Offices ‐ February 2013
Office / Value / PercentageYear To Date
© 2013 Holmes Realty Ltd. ‐ Data Sourced From VREB MLS
DFH Sidney$46,699,000
27.77%
Gordon Hulme$4,093,000
2.43%
Royal LePage By the Sea$12,886,300
7.66%
Saanich Peninsula Realty$3,929,000
2.34%
Sparling Real Estate$1,697,500
1.01%
Holmes Realty$54,397,547
32.35%
Re/Max Peninsula$44,441,388
26.43%
Percentage of Sales Peninsula OfficesYear End 2012
Office / Value / PercentageYear To Date
© 2013 Holmes Realty Ltd. ‐ Data Sourced From VREB MLS
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