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
Posts tagged ‘August’
Vancouver, BC – September 18, 2007.
British Columbia Real Estate Association (BCREA) reports residential sales volume on the Multiple Listing Service® (MLS®) in BC climbed 25.9 per cent to $4.33 billion in August, compared to the same month last year. Residential unit sales increased 12.6 per cent to 9,833 units during the same period. The average MLS® residential price hit $439,931, up 11.8 per cent from August 2006.
BC home sales rebounded over the summer months, climbing 14 per cent June through August, compared to the same period last year. Year to date, BC home sales are up 4.7 per cent to 74,939 units.
“Despite eroding affordability, home sales are on a near record pace,” said Cameron Muir, BCREA Chief Economist. “Preferred retirement locations, such as Vancouver Island, the Okanagan and Kootenays, have experienced the largest increases in home sales this year.”
Muir noted that, while home sales are up, the average home price across the province is climbing at a year-over-year rate of 12 per cent, down from a high of 21 per cent in June 2006. “Barring any unforeseen shock in the market, such as rapidly rising interest rates or a meltdown of the BC economy, less upward pressure on home prices is expected over the next 24 months,” added Muir.
For the complete news release, including detailed statistics, follow this link: www.bcrea.bc.ca/news_room/2007-08.pdf
September 4, 2007
The exceptional strength of the Victoria area real estate market continued in August with brisk sales and robust prices. Sales of homes and other properties in the Greater Victoria area last month reached the highest level for the month of August in over 15 years. There were 846 sales through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®) in August, up 22 per cent from the 694 sales in the same month a year ago. There were 922 sales in July of this year. Meantime, 23 sales of over $1 million, including one sale in Oak Bay of over $5 million, helped push the average price of single family homes sold in August to another record high of $576,632; the median price was considerably lower and remained unchanged from July at $515,000; the six-month average was $566,094.
Victoria Real Estate Board President, Bev McIvor, says the market so far this year has exceeded expectations. “The continued strong demand we are seeing is remarkable; so far this year, overall sales are running 13 percent higher compared to the first eight months of last year.” McIvor noted that despite robust prices nearly 20 per cent of sales of single family homes last month were under $400,000.
The average price for all condominiums sold in August was $298,852; the average for the last six months was $313,852. The median was again lower at $275,000. The average price for townhomes last month was $395,646; the average for the last six months was $398,299. The median was $379,000.
MLS® sales last month included 443 single family homes, 218 condominiums, 98 townhomes and 24 manufactured homes.
There were 3,352, properties listed for sale on the MLS® system at the end of last month, virtually unchanged from the 3,345 properties in the same month a year ago.
Courtesy Victoria Real Estate Board – www.vreb.org