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!
May 2012:
- New listings, all property types: 95 (56 single family dwellings)
- Sales, single family dwellings (SFD): 24
- Sales, all property types: 33
- Lowest price: a manufactured home at $12,000 ($280,000 was the lowest SFD)
- Highest price: $800,000
- Average price, SFD: $394,668
- Median price, SFD: $368,500
- Active listings, all property types: 450
- Sale price breakdown (SFD): $100K-$200K: 1 | $200K-$300K: 1 | $300K-$400K: 13 | $400K-$500K: 7 | $500K-$600K: 1 $800K+: 1
- Average Time To Sell (SFD): 77 Days
May 2013:
- New listings, all property types: 69 (56 SFD)
- Sales, SFD: 29
- Sales, all property types: 36
- Lowest price: a manufactured home at $55,000 ($115,000 was the lowest-priced SFD – a tear-down/small cottage foreclosure)
- Highest price: a waterfront acreage home out past French Beach at $780,000
- Average price, SFD: $425,1740
- Median price, SFD: $390,000
- Active listings, all property types: 385
- Sale price breakdown (SFD): $100K – $200K: 1 | $200K-$300K: 4 | $300K-$400K: 10 | $400K-$500K: 7 | $500K-600K: 30 | $600K – $700K: 3 | $800K+: 1
- Average Tim To Sell (SFD): 100 Days
In nearly every respect, this May was a lot better than last may. I think the story about these results is and will continue to be the shrinking inventory of homes on the market. It seems that people have been taking their homes off the market if there is no activity.
If you have any questions about how these statistics were calculated, what they mean, or would like to know what your property is worth in today’s market, just give me a call at 250-885-0512 or send me an email