Victoria home sales down 19 per cent
Filed Under Main Content · Tagged: Greater Victoria, Real Estate Association, Real Estate Sales, Sales Forecast
Times Colonist- Real estate sales in Greater Victoria are predicted to drop 19 per cent this year compared to last and then recover by five per cent in 2011, says a new forecast by the B.C. Real Estate Association.
A total of 6,200 sales are forecast for 2010, down from 7,660 last year, the report said. The coming year will likely see sales move up to 6,500.
The average price for all types of housing this year is anticipated to rise to $498,500, or 7 per cent, from $476,137 in 2009, the association said. Next year’s average is expected to edge down to $495,000…
Victoria home sales down 19 per cent
Canadian housing sales rise for second-straight month
Filed Under Main Content · Tagged: Adjusted Basis, Canadian Real Estate, Canadian Real Estate Association, Housing Sales, Multiple Listing Service, Negative Trend, Ottawa, Real Estate Association, Rose, Time Prices, Vancouver Sun
The Vancouver Sun- Housing sales rose in September for a second straight month, while average prices reversed a negative trend with a 1.9 per cent increase from August, the Canadian Real Estate Association said Friday.
The Ottawa-based group said sales in September climbed three per cent from August on a seasonally adjusted basis. It was the highest number of sales since last May.
At the same time prices also showed some growth. The average sale price across the Multiple Listing Service last month was $331,089, on par with where it stood a year ago, and an increase from $324,928 in August…
Canadian housing sales rise for second-straight month
Real estate market hits soft patch
Filed Under Main Content · Tagged: Doldrums, Greater Victoria, Provincial Association, Real Estate Association, Real Estate Market, Residential Sales, Soft Patch
Times Colonist- Though the B.C. Real Estate Association says the province is moving toward a more balanced real estate market, Greater Victoria appears to be slipping into the doldrums again.
According to data released by the provincial association yesterday, residential sales in Victoria dropped for the sixth consecutive month in September. The average selling price for all types of housing fell 3.3 per cent to $485,459 and the sales-to-active-listing ratio at 11 per cent remained short of what is considered balanced.
The industry considers a balanced market to be in the range of 15-20 per cent when referring to sales-to-active-listings…
Real estate market hits soft patch
B.C. real estate sales beat previous month in September
Filed Under Main Content · Tagged: 511, British Columbia Real Estate, Cameron Muir, Chief Economist, Columbia Association, Columbia Real Estate, Multiple Listing Service, News Release, Real Estate Association, Real Estate Sales, Realtor, Realtors, Seven Months, Vancouver Sun
The Vancouver Sun- British Columbia in September saw more real estate sales than August, which was the second month in a row sales beat the previous month, the British Columbia Real Estate Association reported Wednesday.
Realtors saw 5,511 homes sold through the realtor-controlled Multiple Listing Service in September, which was 36-per-cent lower than the frenetic levels of the same month a year ago, but slightly above August levels on a seasonally adjusted basis.
“Market conditions have improved, with the months of supply declining from 11.1 in June to 8.9 in September,” association chief economist Cameron Muir said in a news release. “A balanced market typically exhibits five to seven months of supply…”
