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:
Better late than never, here are your Sooke real estate sales statistics for August, 2013:
August 2012:
- New listings, all property types: 57 (40 single family dwellings, SFD)
- Sales, single family dwellings (SFD): 10
- Sales, all property types: 19
- Lowest price: a manufactured home at $48,000 ($335,000 was the lowest SFD)
- Highest price: $940,000 (an enormous estate view property in East Sooke)
- Average price, SFD: $474,590
- Median price, SFD: $427,500
- Active listings, all property types: 421
- Sale price breakdown (SFD): $100K-$200K: 0 | $200K-$300K: 0 | $300K-$400K: 4 | $400K-$500K: 4 | $500K-$600K: 1 | $600K – $700K: 0 | $900K+: 1
- New listings, all property types: 59 (46 SFD)
- Sales, SFD: 19
- Sales, all property types: 26
- Lowest price: a manufactured home at $125,000 ($220,000 was the lowest-priced SFD)
- Highest price: a waterfront home in East Sooke at $1,115,000
- Average price, SFD: $420,416
- Median price, SFD: $330,000 (!)
- Active listings, all property types: 384
- Sale price breakdown (SFD): $100K – $200K: 1 | $200K-$300K: 4 | $300K-$400K: 8 | $400K-$500K: 2 | $500K-600K: 1 | $600K – $700K: 0 | $700K-800K: 1 | $800K-$900K: 1 | $1M+: 1
This is a market moving in the right direction, but not without its challenges. It is great to see SFD sales up almost double over last year. It is also heartening to see several high end properties go (that 1M+ property sold for over asking price and in only 14 days). However, the low median price, and flat average shows me that most buyers are still looking for deals and that prices are probably still falling or at best flat.
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