March 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.

	March 2015				March  2014
	Wk 1	Wk 2	Wk 3	Wk 4
Unconditional Sales	132	307	491		575
New Listings	396	707	1040		1286
Active Listings	3562	3633	3693		4050
Sales to New Listings	33%	43%	47%		45%
Sales Projection	--	675	720
Months of Inventory					7.0

Last time we had over 700 sales in march was 5 years ago at 789.  Before that it was 2007 (833 sales).   So not a hot market yet (that would be between 800 and 900 sales with an inventory of half of what we have now) but decent.  Enough to draw the bulls out of the woodwork at least.

March 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.

	March 2015				March  2014
	Wk 1	Wk 2	Wk 3	Wk 4
Unconditional Sales	132	307			575
New Listings	396	707			1286
Active Listings	3562	3633			4050
Sales to New Listings	33%	43%			45%
Sales Projection	--	675
Months of Inventory					7.0

More listings than last year, but even more sales.  Last year this week we had only a 39% sales/list ratio.   

March 9th 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.

	March 2015				March  2014
	Wk 1	Wk 2	Wk 3	Wk 4
Unconditional Sales	132				575
New Listings	396				1286
Active Listings	3562				4050
Sales to New Listings	33%				45%
Sales Projection	--
Months of Inventory					7.0

This week last year we also had exactly 132 sales.   There are 10% more new listings coming online this year though so the months of declining inventory might be limited.  

February 2015 Monthly Stats

Pretty strong February.  Sales up 31%, inventory down 8%.   The trend towards improving market continues at a surprisingly steady clip, with prices matching inflation for the last year and a half.   

SFH prices basically dead flat from last year.   If we see another strong month though this graph will jump.

Another way to visualize the change in the market since 2013 is to look at the change in inventory from the same month the year before.

Only sign of anything different is an increase in new listings over last year.  Haven't seen that since last May.  With more chatter of a better market, it might lure some potential sellers out of the woodwork this spring.