Monday, April 22, 2013

Apr 22 Market Update

MLS numbers update courtesy of the VREB via Marko Juras. These numbers are for the Victoria Real Estate Board's reporting area, including Sooke, Shawnigan Lake and the Gulf Islands.

April 2013April 2012 
Wk 1Wk 2Wk 3Wk 4
Uncond. Sales116
258
410
586
New Listings345
662
983
1470
Active Listings4323
4417
4488
 4638
Sales to New Listings
 34%
39%
42%
 40%
Sales Projection510
567
601
Months of Inventory
7.9

Relatively strong sales as we've seen, but not overly so.  At the same time last year we had 417 sales, so we're certainly not breaking any records.  Perhaps it will end up at par with last year +- some small percent. Marko reports the SFH average at $644k, while the median is at $544k.

201 comments:

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koozdra said...

slow clap...

"Still, the fact that Canada’s banks apply one of the lowest risk weights overall compared to their global peers makes some observers nervous. “The perception is that our banks are the strongest capitalized, yet, when you consider equity to total assets, ours are the weakest capitalized,” said Keith Graham, founder of Bay Street investment management firm Rondeau Capital."

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