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.
Let’s dive into the numbers:
July 2012:
- New listings, all property types: 76 (54 single family dwellings)
- Sales, single family dwellings (SFD): 20
- Sales, all property types: 29
- Lowest price: a manufactured home at $40,000 ($270,000 was the lowest SFD)
- Highest price: $575,000
- Average price, SFD: $380,197
- Median price, SFD: $363,750
- Active listings, all property types: 427
- Sale price breakdown (SFD): $100K-$200K: 1 | $200K-$300K: 3 | $300K-$400K: 9 | $400K-$500K: 4 | $500K-$600K: 3 |
- Average Days On Market (DOM), SFD: 69
- New listings, all property types: 73 (44 SFD)
- Sales, SFD: 19
- Sales, all property types: 26
- Lowest price: a manufactured home at $49,000 ($280,000 was the lowest-priced SFD)
- Highest price: an acreage in East Sooke at $650,000
- Average price, SFD: $415,221
- Median price, SFD: $385,000
- Active listings, all property types: 393
- Sale price breakdown (SFD): $100K – $200K: 0 | $200K-$300K: 2 | $300K-$400K: 8 | $400K-$500K: 6 | $500K-600K: 2 | $600K +: 1
- Average DOM, SFD: 78
Year to date, we are at 181 total sales in Sooke, with 132 of those being SFD. Comparing to 2012, there were 182 sales to the end of July, with 128 SFD.
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