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Posts from the ‘Statistics’ Category

Sooke Real Estate In Review 2015

One of the 300 sales in Sooke in 2015

One of the 300 sales in Sooke in 2015

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

Sooke Real Estate Update – Fall 2015

One of the many properties that sold in Sooke this summer

One of the many properties that sold in Sooke this summer

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?

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A Return to a Seller’s Market in Greater Victoria?

Photo credit: zedzap on Flickr

Photo credit: zedzap on Flickr

Yesterday, the Victoria Real Estate Board released statistics for February 2015. While the rest of the country contended with a seemingly never-ending winter, the cherry blossoms were out early in Victoria and vicinity, and so, apparently, were the buyers.  Read more

Sooke Real Estate Market Update for February 2015

Gorgeous February Weather in Sooke

Gorgeous February Weather in Sooke

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

Sooke Real Estate Statistics – Now With 100% More HPI!

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Evening Street Scene in Sunriver Estates, Sooke

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

Sooke Real Estate Statistics – August 2013

Waterfront property with dock

49 Seagirt Sold in August 2013

August was much busier this year than in 2012 – not only in Sooke, but all over the Capital Region. Personally, most of the business I did was carried over from July, and was finished by the first week. From there on it was rest and relaxation the rest of the month, while managing the listings I have. One of the most relaxing Augusts I can remember in recent memory. The Thursday before the Labour Day long weekend, my phone, like clockwork, started ringing for appointments for the first week of September. It is those appointments which kept me from posting August stats until now. Let’s have a look at the numbers: Read more

Sooke Real Estate Statistics – July 2013

A living room of a home in Sooke, BC

2220 French Road sold in July, along with 25 other properties in Sooke

Sales activity in Sooke was nearly the same as it was in 2012, with prices remaining fairly flat overall. It is still my opinion that while prices seem flat, they are actually declining. This is to say that although the average and median prices seem to hover in the high $300,000s and low $400,000s, a buyer in 2013 is probably getting a nicer, larger and/or newer home for the same money as in 2012 or 2011. Sales activity continues to be better than last year in most cases, and it is good to see the number of houses for sale continue to decline.

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Sooke Real Estate Statistics – June 2013

Deck Season. From http://TimAyres.ca/113

Deck Season. From http://TimAyres.ca/113

Here we are, a third of the way through July and I’m just getting around to posting the June stats! I’ve been a bit busy lately, with listings and with buyers. The market seems to be ticking along, though no sales records are likely to be broken. The weather in June was the best in recent memory, despite a rainy period mid-month. How did the real estate market stack up? Read on… Read more

Sooke Real Estate Statistics – May 2013

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In May, the sale of the old golf course building completed.

May 2013 overall was a relatively busy month for real estate in the greater Victoria region. While the number of sales for the whole area was exactly tied with May of 2012, Sooke did better than in 2012. Let’s take a look at the numbers! Read more

Sooke Real Estate Statistics – April 2013

The master bedroom of 2407 Poplar - Click to learn more.

The master bedroom of 2407 Poplar – Click to learn more.

April 2013 was my busiest month in quite some time. There were lots of showings, I had buyers coming in from out of town, and I managed to put deals together on two of my listings. Hopefully this is a sign that our sluggish market is picking up. Overall in the greater Victoria region, sales were up 5% over last year’s April sales – the first year-over-year monthly increase this year and the best April since 2010. Let’s dive into the Sooke numbers, shall we? Read more