Overall, 2015 was a great year for real estate in Sooke. Sales were up markedly, and prices also increased across the region. I’ve compiled a few statistics, and also the top five most-and-least expensive single family homes in Sooke this year. Finally, I’ll talk about predictions for 2016. Read on… Read more
Posts from the ‘Statistics’ Category
Sales up, listings down. Prices…?
It has been a busy spring and summer market for real estate in Sooke and all over the greater Victoria region. In the overall Victoria Real Estate Board trading area, sales as of August 31 showed a 21.7% increase in number of sales for August 2015 over August 2014, and the highest number of single family sales in August since 2007. At the end of the month, there were 3688 active listings on the MLS® system, representing nearly 15% fewer than were available in August last year. All of this is pushing the overall market into sellers’ territory fairly strongly. Prices in Victoria overall are on the rise, with the benchmark home up nearly 7% over the same home last year.
So how is Sooke looking this year?
Well – it’s been a while. Between being a busy dad, REALTOR®, 2014 president of the Victoria Real Estate Board, and a few other things, I certainly have neglected this blog. I’d like to start posting regularly again, even if it’s short bits and pieces. Let’s take a quick look at how the market has been performing in the last year or two. Read more
In November of last year, the Victoria Real Estate Board released its MLS® Housing Price Index, or HPI. This is a statistical measurement that paints a more accurate picture of housing prices, by examining sale prices each month and using a data model to scrub outliers from the data set. Simply put, it is more realistic because it goes beyond the simple mathematic measures of average and median. Keep reading to learn more. Read more