Monday, February 23, 2015

Feb 23 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.



Feb 2015
Feb
 2014
Wk 1Wk 2Wk 3Wk 4
Unconditional Sales118
226
396
412
New Listings352587877
1064
Active Listings332434013448
3770
Sales to New Listings
34%
39%45%
39%
Sales Projection--452528

Months of Inventory
9.1


Strong week so expect over 500 sales for the month.  If this week matches last we could hit almost 570 sales which would be the highest since 2010.  

Monday, February 16, 2015

Feb 16 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.


Feb 2015
Feb
 2014
Wk 1Wk 2Wk 3Wk 4
Unconditional Sales118
226


412
New Listings352587

1064
Active Listings33243401

3770
Sales to New Listings
34%
39%

39%
Sales Projection--452


Months of Inventory
9.1


Relatively strong first two weeks with sales pace about 10% higher than last year.   Those interest rates might be luring a few buyers out of the woodwork.