Calmer Market Conditions as Summer Draws to a Close
September 2nd, 2022
Inventory was up, and sales were down in August, reminiscent of a typical summer market... more »
January 4th, 2013
A fun thing that occurs when the monthly MLS® statistics comes out is the chance it gives to unearth the interesting items that accumulated numbers always seem to generate. For example while 281 single family homes were listed last month, with 151 sales of this type being reported across the VIREB region, eight of the sales were for waterfront properties while 13 were for homes on acreages. In addition 22 of the properties sold were apartments while 23 were townhouses. During the month of December one farm sold, as did 11 undeveloped lots and three commercial properties. In all during the month 771 properties of all types were listed on the VIREB MLS® system, up 11 percent from the number of listings loaded onto the system during December 2011. Total dollar values of sales that occurred on Vancouver Island (north of Victoria) during the month was pegged at nearly $94 million, with total values of property sales of all types reported at nearly $2.1 billion for the year – down eight percent from the 2011 totals. Finally the average ‘days to sell’ for properties of all types recorded during December was 75 days, far less than the 109 day average registered during December of last year.