Feb Stats/News Release

Friday, 1 March, 2013 4:12:33 PM Pacific Standard Time

Page 1 of 3

Subject: SPRING PERKS UP GREATER VICTORIA REAL ESTATE MARKETDate: Friday, 1 March, 2013 12:45:06 PM Pacific Standard Time

From: VREB MessagesTo: undisclosed-‐recipients:;

SPRING PERKS UP GREATER VICTORIA REAL ESTATE MARKET VICTORIA, BC–The Victoria Real Estate Board reports a total of 394 sales were processed through theMultiple Listing Service (MLS®) in February, an increase of 34% over the previous month. The highest activitywas in single-‐family homes and condominiums. Compared to February 2012, sales were down by 18.26%. Shelley Mann, President of the Board, says it’smore important to look at monthly trends and compare monthly buying behaviour year-‐over-‐year. “Thetrend lines for November, December and January are the same for the last three years. “We’ve seen a slow increase in sales activity over the last three months and we still hold to our forecast of amodest 2-‐4% sales increase in 2013,” Mann says. “The typical spring market is perking up. I spoke to 10 REALTORS® yesterday and nine said they areexperiencing definite increases in their activity over the last two months and have a positive outlook. Manybuyers are still waiting for prices to drop, but it’s clear to me that sellers are in a holding pattern regardingthe value of their homes,” Mann says. “However, if a house is priced properly, within the market valuerange, it will likely sell more quickly.” The median price of a single family home is $505,500 compared to $530,250 in February 2012, a decrease of4.67%. The six-‐month average shows an increase of less than one percent year-‐over-‐year, and a less thanone percent decrease over last month. “In other words, no change,” Mann adds. There were 112 condominium sales in February, a 38.27% increase over January 2013. While the medianprice of $270,500 for condominiums is down 2.08% year-‐over-‐year, it increased 13.49% over January 2013.Townhouses saw increased sales in the past month with a median price of $337,500, which is down by11.65% year-‐over-‐year and 10.82% since January 2013. Current active listings at the end of February were4,072. Total Waterfront Single Family Dwellings sold: 12, up 5 over February 2012Total Non-‐waterfront Single Family Dwellings sold: 203, down 55 sales from February 2012Single Family Dwellings sold over $1 million: 11 (3 over $2 million) While the use of average price information can be useful in establishing trends when applied over a periodof time, e.g. six months or longer, the Victoria Real Estate Board cautions that an average price does notindicate the actual value of a property in a particular neighbourhood. Those requiring specific informationon property values in their area should contact a REALTOR®.

http://www.vreb.org/

Page 2 of 3

-‐ 30 –

February stats summary on following pages. Maggie Kerr-‐Southin APRManager, Communications, Victoria Real Estate Board Direct Phone: 250.920.4652; Email: [email protected]

February 2013, MLS® Real Estate Sales and Average Prices, Greater Victoria 2013 -‐ February 2013 -‐ January 2012 -‐ February

No ofSales

Average Price $

MedianPrice $

No ofSales

AveragePrice $

MedianPrice $

No ofSales

AveragePrice $

MedianPrice $

Single FamilyGr. Victoria

197 601,377 517,500 138 530,517 489,000 248 579,985 530,000

Single FamilyOther Areas

18 388,844 350,000 15 571,660 425,000 17 588,894 540,000

Total* SingleFamily Allareas

215 583,584 505,000 153 534,557 482,500 265 580,556 530,250

Condos 112 299,412 270,500 81 264,739 238,350 136 313,093 276,250

Townhomes 43 402,278 337,500 40 394,689 382,000 65 393,934 378,450

ManufacturedHomes

13 89,623 67,000 10 81,290 71,750 16 118,056 112,500

TOTALRESIDENTIAL

383 284 482

TOTAL SALES 394 294 497

ACTIVELISTINGS

4,072 3,870 3,977

February 2013, MLS® Real Estate Sales and Six-‐Month Average Prices over January 2013

mailto:[email protected]

Page 3 of 3

* All Areas includes Shawnigan Lake/Malahat, Gulf Islands and Up Island Maggie Kerr-Southin APR, Manager, Communications, Victoria Real Estate Board - www.vreb.org3035 Nanaimo Street, Victoria BC V8T 4W2 - Direct Phone: 250.920.4652

P Please consider the environment before printing this email.

http://www.vreb.org/

Monthly Sales SummaryFriday, March 1, 2013

Units Total Volume Average

Price

6 Month

Average

February 2013

Region Median

PriceDistrict

ResidentialSingle Familyl

Greater Victoria

Victoria 24 $13,837,400 $576,558 $604,865 $499,000

Victoria West 2 $980,000 $490,000 $440,000 $490,000

Oak Bay 16 $13,600,000 $850,000 $886,310 $705,500

Esquimalt 5 $2,423,900 $484,780 $477,843 $427,500

View Royal 2 $650,000 $325,000 $532,303 $325,000

Saanich East 44 $27,069,276 $615,211 $593,720 $587,000

Saanich West 13 $8,343,300 $641,792 $518,890 $460,000

Central Saanich 8 $3,883,300 $485,413 $605,335 $511,950

North Saanich 9 $6,226,000 $691,778 $625,220 $665,000

Sidney 4 $1,822,000 $455,500 $483,317 $444,500

Highlands 1 $500,000 $500,000 $617,681 $500,000

Colwood 9 $4,434,000 $492,667 $454,780 $500,000

Langford 32 $14,410,190 $450,318 $475,243 $427,500

Metchosin 3 $1,641,000 $547,000 $545,500 $539,000

Sooke 17 $6,956,933 $409,231 $398,474 $380,000

Waterfront (all districts) 8 $11,694,000 $1,461,750 $1,165,284 $849,500

Total Greater Victoria 197 $118,471,299 $601,377 $595,617 $517,500

Other Areas

Shawnigan Lake / Malahat 2 $970,500 $485,250 $433,146 $505,000

Gulf Islands 9 $3,139,700 $348,856 $432,408 $350,000

UpIsland / Mainland 3 $1,115,000 $371,667 $455,088 $295,000

Waterfront (all districts) 4 $1,774,000 $443,500 $819,919 $500,000

Total Other Areas 18 $6,999,200 $388,844 $528,474 $350,000

Total Single Family 215 $125,470,499 $583,584 $589,269 $505,000

Condominiuml

Greater Victoria

Victoria 52 $17,005,250 $327,024 $302,500 $300,000

Victoria West 5 $1,208,813 $241,763 $342,092 $235,013

Oak Bay 5 $1,603,500 $320,700 $316,690 $315,000

Esquimalt 8 $1,953,000 $244,125 $215,366 $233,500

View Royal 1 $290,000 $290,000 $273,869 $290,000

Saanich East 14 $4,403,800 $314,557 $283,223 $221,000

Saanich West 7 $1,650,600 $235,800 $254,606 $277,000

Central Saanich 3 $808,013 $269,338 $258,836 $282,000

Sidney 8 $2,031,500 $253,938 $258,357 $242,750

Colwood 2 $499,000 $249,500 $279,240 $249,500

Langford 4 $1,130,700 $282,675 $259,449 $290,450

Waterfront (all districts) 3 $950,000 $316,667 $365,595 $285,000


Total Condominium 112 $33,534,176 $299,412 $290,171 $270,500

1Victoria Real Estate Board Multiple Listing Service ®

Monthly Sales SummaryFriday, March 1, 2013

Units Total Volume Average

Price

6 Month

Average

February 2013

Region Median

PriceDistrict

Townhousel

Greater Victoria

Victoria 3 $1,251,000 $417,000 $430,291 $423,000

Oak Bay 1 $642,000 $642,000 $551,000 $642,000

View Royal 2 $332,000 $166,000 $291,627 $166,000

Saanich East 5 $2,727,075 $545,415 $476,587 $470,000

Saanich West 2 $782,500 $391,250 $377,927 $391,250

Central Saanich 3 $860,000 $286,667 $340,571 $278,000

Sidney 6 $2,234,000 $372,333 $396,882 $393,750

Colwood 3 $866,500 $288,833 $410,055 $305,000

Langford 12 $4,059,400 $338,283 $339,362 $329,450

Waterfront (all districts) 4 $2,829,500 $707,375 $506,714 $759,750


Other Areas

Gulf Islands 1 $489,000 $489,000 $404,800 $489,000

UpIsland / Mainland 1 $225,000 $225,000 $239,300 $225,000

Total Other Areas 2 $714,000 $357,000 $275,215 $357,000

Total Townhouse 43 $17,297,975 $402,278 $396,448 $337,500

Manufactured Homesl

Greater Victoria

View Royal 1 $123,500 $123,500 $108,833 $123,500

Central Saanich 2 $292,000 $146,000 $141,446 $146,000

Langford 2 $50,000 $25,000 $102,700 $25,000

Sooke 5 $290,600 $58,120 $68,576 $65,100

Total Greater Victoria 10 $756,100 $75,610 $75,503 $66,050

Other Areas

Shawnigan Lake / Malahat 1 $197,000 $197,000 $107,500 $197,000

Gulf Islands 2 $212,000 $106,000 $96,833 $106,000

Total Other Areas 3 $409,000 $136,333 $87,472 $162,000

Total Manufactured Homes 13 $1,165,100 $89,623 $77,298 $67,000

Total Residential 383 $177,467,750

Grand Totals 394 $180,468,911

8 $2,126,161 $265,770Other Commercial Propertiesl

Other Property

Lots & Acreage (Incl Wtrfrnt)l

Greater Victoria

North Saanich -1 ($250,000) ($250,000) $785,000

Colwood 1 $225,000 $225,000 $225,000 $225,000

Langford 3 $900,000 $300,000 $285,156 $280,000

Total Greater Victoria 3 $875,000 $291,667 $382,741 $275,000

Total Lots & Acreage (Incl Wtrfrnt) 3 $875,000 $291,667 $353,529 $275,000


Monthly Comparative Activity By Property Type March 01, 2013

February 2013

Current Month

This Year % ChangeLast Year

Year To Date


Single Family - Residential

Units Listed 450

Units Sold 177

Sell/List Ratio 39

Sales Dollars $96,530,599

Average Price / Unit $545,371

Price Ratio 97

Days To Sell 68

Active Listings at Month End 1281

%

%

510

224

44

$126,580,126

$565,090

98

55

1168

%

%

-12

-21

-24

-3

25

10

%

%

%

%

%

%

890

298

33

$157,982,988

$530,144

97

75

%

%

974

393

40

$220,660,390

$561,477

98

63

%

%

-9

-24

-28

-6

19

%

%

%

%

%

Single Family - Residential Waterfront

Units Listed 45

Units Sold 12

Sell/List Ratio 27


Average Price / Unit $1,122,333

Price Ratio 94

Days To Sell 197


%

%

40

7

18

$2,652,000

$378,857

83

125

226

%

%

13

71

408

196

57

-1

%

%

%

%

%

%

79

21

27

$21,380,000

$1,018,095

94

166

%

%

80

11

14

$6,574,000

$597,636

91

100

%

%

-1

91

225

70

67

%

%

%

%

%

Single Family - Residential Acreage

Units Listed 61

Units Sold 21

Sell/List Ratio 34



Price Ratio 95

Days To Sell 145


%

%

69

26

38

$21,194,750

$815,183

95

122

264

%

%

-12

-19

-37

-21

19

6

%

%

%

%

%

%

125

41

33

$24,656,100

$601,368

95

132

%

%

131

36

27

$28,055,150

$779,310

95

127

%

%

-5

14

-12

-23

4

%

%

%

%

%

Condominium

Units Listed 247

Units Sold 112

Sell/List Ratio 45



Price Ratio 97

Days To Sell 86


%

%

352

136

39

$42,580,715

$313,093

97

73

908

%

%

-30

-18

-21

-4

17

2

%

%

%

%

%

%

509

193

38

$54,978,026

$284,860

96

81

%

%

633

248

39

$76,913,815

$310,136

97

82

%

%

-20

-22

-29

-8

-1

%

%

%

%

%



February 2013

Current Month


Year To Date


Townhouse

Units Listed 78

Units Sold 43

Sell/List Ratio 55



Price Ratio 97

Days To Sell 79


%

%

122

65

53

$25,605,708

$393,934

98

73

342

%

%

-36

-34

-32

2

9

2

%

%

%

%

%

%

205

83

40

$33,085,540

$398,621

97

87

%

%

222

106

48

$41,879,058

$395,085

98

74

%

%

-8

-22

-21

1

17

%

%

%

%

%

Strata Duplex (Up and Down)

Units Listed 4

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0

Average Price / Unit

Price Ratio

Days To Sell


%

%

3

0

0

$0

5

%

%

33

20

%

%

%

%

%

%

6

0

0

$0

%

%

5

0

0

$0

%

%

20 %

%

%

%

%

Strata Duplex (Side by Side)

Units Listed 5

Units Sold 2

Sell/List Ratio 40

Sales Dollars $810,000


Price Ratio 97

Days To Sell 99


%

%

18

6

33

$2,490,500

$415,083

97

57

41

%

%

-72

-67

-67

-2

74

-59

%

%

%

%

%

%

12

5

42

$2,018,200

$403,640

98

59

%

%

30

10

33

$3,819,500

$381,950

97

60

%

%

-60

-50

-47

6

-2

%

%

%

%

%

Strata Duplex (Front and Back)

Units Listed 1

Units Sold 1

Sell/List Ratio 100



Price Ratio 96

Days To Sell 126


%

%

7

1

14

$410,000

$410,000

97

17

10

%

%

-86

0

-29

-29

641

-50

%

%

%

%

%

%

4

1

25

$292,000

$292,000

96

126

%

%

9

3

33

$1,111,500

$370,500

96

50

%

%

-56

-67

-74

-21

152

%

%

%

%

%



February 2013

Current Month


Year To Date


Recreational

Units Listed 3

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

2

0

0

$0

13

%

%

50

100

%

%

%

%

%

%

3

0

0

$0

%

%

6

0

0

$0

%

%

-50 %

%

%

%

%

Manufactured Home

Units Listed 30

Units Sold 13

Sell/List Ratio 43



Price Ratio 90

Days To Sell 128


%

%

38

16

42

$1,888,900

$118,056

93

81

109

%

%

-21

-19

-38

-24

57

3

%

%

%

%

%

%

57

23

40

$1,978,000

$86,000

92

111

%

%

55

24

44

$2,715,900

$113,163

93

81

%

%

4

-4

-27

-24

37

%

%

%

%

%

Residential Lots

Units Listed 26

Units Sold 3

Sell/List Ratio 12



Price Ratio 100

Days To Sell 67


%

%

48

6

13

$1,487,000

$247,833

93

133

217

%

%

-46

-50

-41

18

-50

-10

%

%

%

%

%

%

54

5

9

$2,272,120

$454,424

133

153

%

%

61

12

20

$3,596,000

$299,667

94

167

%

%

-11

-58

-37

52

-8

%

%

%

%

%

Residential Lots - Waterfront

Units Listed 5

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

9

0

0

$0

35

%

%

-44

14

%

%

%

%

%

%

8

0

0

$0

%

%

12

0

0

$0

%

%

-33 %

%

%

%

%



February 2013

Current Month


Year To Date


Residential Acreage

Units Listed 12

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

12

4

33

$1,305,000

$326,250

94

217

185

%

%

0

-100

-100

-16

%

%

%

%

%

%

25

0

0

-$161,000

107

18

%

%

25

7

28

$2,967,500

$423,929

95

132

%

%

0

-100

-105

-86

%

%

%

%

%

Residential Acreage - Waterfront

Units Listed 7

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

12

0

0

$0

84

%

%

-42

-29

%

%

%

%

%

%

9

0

0

$0

%

%

19

1

5

$2,150,000

$2,150,000

98

553

%

%

-53

-100

-100

%

%

%

%

%

Revenue - Duplex/Triplex

Units Listed 6

Units Sold 2

Sell/List Ratio 33



Price Ratio 92

Days To Sell 160


%

%

4

1

25

$520,000

$520,000

97

19

13

%

%

50

100

78

-11

742

15

%

%

%

%

%

%

8

2

25

$927,500

$463,750

92

160

%

%

7

3

43

$1,975,000

$658,333

99

45

%

%

14

-33

-53

-30

256

%

%

%

%

%

Revenue - Multi Units

Units Listed 4

Units Sold 1

Sell/List Ratio 25



Price Ratio 78

Days To Sell 99


%

%

1

0

0

$0

9

%

%

300

22

%

%

%

%

%

%

7

1

14

$426,100

$426,100

78

99

%

%

4

1

25

$800,000

$800,000

95

6

%

%

75

0

-47

-47

1550

%

%

%

%

%



February 2013

Current Month


Year To Date


Revenue - Apartment Block

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0


Price Ratio

Days To Sell


%

%

0

0

$0

0

%

%

%

%

%

%

%

%

2

0

0

$0

%

%

0

0

$0

%

%

%

%

%

%

%

Revenue - Commercial

Units Listed 6

Units Sold 1

Sell/List Ratio 17



Price Ratio 85

Days To Sell 520


%

%

15

2

13

$4,612,000

$2,306,000

91

94

52

%

%

-60

-50

-94

-88

453

2

%

%

%

%

%

%

15

4

27

$1,124,000

$281,000

97

210

%

%

28

2

7

$4,612,000

$2,306,000

91

94

%

%

-46

100

-76

-88

123

%

%

%

%

%

Revenue - Industrial

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0


Price Ratio

Days To Sell


%

%

0

0

$0

1

%

%

100

%

%

%

%

%

%

1

0

0

$0

%

%

1

0

0

$0

%

%

0 %

%

%

%

%

Business with Land & Building

Units Listed 9

Units Sold 1

Sell/List Ratio 11


Average Price / Unit $1,250,000

Price Ratio 86

Days To Sell 255


%

%

15

0

0

$0

58

%

%

-40

12

%

%

%

%

%

%

15

2

13

$2,750,000

$1,375,000

89

309

%

%

22

2

9

$530,007

$265,004

96

296

%

%

-32

0

419

419

4

%

%

%

%

%



February 2013

Current Month


Year To Date


Business Only

Units Listed 16

Units Sold 1

Sell/List Ratio 6



Price Ratio 76

Days To Sell 206


%

%

12

0

0

$0

67

%

%

33

6

%

%

%

%

%

%

30

3

10

$260,500

$86,833

77

169

%

%

21

5

24

$370,000

$74,000

88

65

%

%

43

-40

-30

17

159

%

%

%

%

%

Motel/Hotel

Units Listed 2

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

0

1

$8,000

$8,000

80

79

7

%

%

-100

-100

14

%

%

%

%

%

%

2

0

0

$0

%

%

1

1

100

$8,000

$8,000

80

79

%

%

100

-100

-100

%

%

%

%

%

Lease - Office

Units Listed 7

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

6

1

17

$12

$12

41

35

%

%

17

-100

-100

6

%

%

%

%

%

%

14

0

0

$0

%

%

16

1

6

$12

$12

41

%

%

-13

-100

-100

%

%

%

%

%

Lease - Retail

Units Listed 4

Units Sold 1

Sell/List Ratio 25

Sales Dollars $18

Average Price / Unit $18

Price Ratio

Days To Sell 155


%

%

7

1

14

$14

$14

72

32

%

%

-43

0

26

26

115

41

%

%

%

%

%

%

7

1

14

$18

$18

155

%

%

15

2

13

$26

$13

64

%

%

-53

-50

-31

37

144

%

%

%

%

%



February 2013

Current Month


Year To Date


Lease - Warehouse

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0


Price Ratio

Days To Sell


%

%

0

0

$0

0

%

%

%

%

%

%

%

%

0

0

$0

%

%

0

0

$0

%

%

%

%

%

%

%

Lease - Industrial

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0


Price Ratio

Days To Sell


%

%

0

0

$0

1

%

%

-100

%

%

%

%

%

%

0

0

$0

%

%

0

0

$0

%

%

%

%

%

%

%

Lease - Other

Units Listed 8

Units Sold 3

Sell/List Ratio 38

Sales Dollars $44

Average Price / Unit $15

Price Ratio

Days To Sell 248


%

%

6

0

0

$0

49

%

%

33

-6

%

%

%

%

%

%

22

4

18

$68

$17

240

%

%

16

1

6

$850

$850

100

45

%

%

38

300

-92

-98

433

%

%

%

%

%

Commercial Land

Units Listed 3

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

10

0

0

$0

46

%

%

-70

-22

%

%

%

%

%

%

10

1

10

$950,000

$950,000

96

94

%

%

13

0

0

$0

%

%

-23 %

%

%

%

%



February 2013

Current Month


Year To Date


Units Listed 1039

Units Sold 394

Sell/List Ratio 38



Price Ratio 96

Days To Sell 89


%

%

Grand Totals

1318

497

38

$231,334,725

$465,462

97

70

3977

%

%

-21

-21

-22

-2

27

2

%

%

%

%

%

%

2119

688

32

$304,920,159

$443,198

97

89

%

%

2406

869

36

$398,738,707

$458,848

97

76

%

%

-12

-21

-24

-3

17

%

%

%

%

%


Active Listings, New Listings and Sales February 2013Friday, March 01, 2013

2,900

3,100

3,300

3,500

3,700

3,900

4,100

4,300

4,500

4,700

4,900

5,100

5,300

Feb

201

1

Mar

201

1

Apr

201

1

May

201

1

Jun

2011

Jul 2

011

Aug

201

1

Sep

201

1

Oct

201

1

Nov

201

1

Dec

201

1

Jan

2012

Feb

201

2

Mar

201

2

Apr

201

2

May

201

2

Jun

2012

Jul 2

012

Aug

201

2

Sep

201

2

Oct

201

2

Nov

201

2

Dec

201

2

Jan

2013

Feb

201

3

Total Active MLS® Listings

Total Ne MLS® Listings and Total MLS® Sales

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

Feb

201

1

Mar

201

1

Apr

201

1

May

201

1

Jun

2011

Jul 2

011

Aug

201

1

Sep

201

1

Oct

201

1

Nov

201

1

Dec

201

1

Jan

2012

Feb

201

2

Mar

201

2

Apr

201

2

May

201

2

Jun

2012

Jul 2

012

Aug

201

2

Sep

201

2

Oct

201

2

Nov

201

2

Dec

201

2

Jan

2013

Feb

201

3

Total New MLS® Listings and Total MLS® Sales

Listings Sales

Victoria Real Estate Board Multiple Listing Service ®

Average Selling PricesFriday, March 01, 2013

February 2013

$300,000

$325,000

$350,000

$375,000

$400,000

Condominiums (All Areas)

$500,000

$525,000

$550,000

$575,000

$600,000

$625,000

$650,000

$675,000

Fe

b 2

01

1

Ma

r 2

01

1

Ap

r 2

01

1

Ma

y 2

01

1

Jun

20

11

Jul 2

01

1

Au

g 2

01

1

Se

p 2

01

1

Oct

20

11

No

v 2

01

1

De

c 2

01

1

Jan

20

12

Fe

b 2

01

2

Ma

r 2

01

2

Ap

r 2

01

2

Ma

y 2

01

2

Jun

20

12

Jul 2

01

2

Au

g 2

01

2

Se

p 2

01

2

Oct

20

12

No

v 2

01

2

De

c 2

01

2

Jan

20

13

Fe

b 2

01

3

Single Family Homes (Greater Victoria Only)

$250,000

$275,000

Fe

b 2

01

1

Ma

r 2

01

1

Ap

r 2

01

1

Ma

y 2

01

1

Jun

20

11

Jul 2

01

1

Au

g 2

01

1

Se

p 2

01

1

Oct

20

11

No

v 2

01

1

De

c 2

01

1

Jan

20

12

Fe

b 2

01

2

Ma

r 2

01

2

Ap

r 2

01

2

Ma

y 2

01

2

Jun

20

12

Jul 2

01

2

Au

g 2

01

2

Se

p 2

01

2

Oct

20

12

No

v 2

01

2

De

c 2

01

2

Jan

20

13

Fe

b 2

01

3

Victoria Real Estate Board Multiple Listing Service ®

$325,000

$350,000

$375,000

$400,000

$425,000

$450,000

$475,000

$500,000

Fe

b 2

01

1

Ma

r 2

01

1

Ap

r 2

01

1

Ma

y 2

01

1

Jun

20

11

Jul 2

01

1

Au

g 2

01

1

Se

p 2

01

1

Oct

20

11

No

v 2

01

1

De

c 2

01

1

Jan

20

12

Fe

b 2

01

2

Ma

r 2

01

2

Ap

r 2

01

2

Ma

y 2

01

2

Jun

20

12

Jul 2

01

2

Au

g 2

01

2

Se

p 2

01

2

Oct

20

12

No

v 2

01

2

De

c 2

01

2

Jan

20

13

Fe

b 2

01

3

Townhomes (All Areas)

7.1

7.9

8.0

8.7 9.0

10.4

9.99.5

9.9

9.4

8.8

8.3

8.5

9.19.4

9.810.0

9.48.9 8.8

9.2

9.5 9.7 9.610.6

11.5

3.8

5.1

5.4

7.98.1 8.1

7.4 7.6

7.8

6.9 6.76.3

2

3

4

5

6

7

8

9

10

11

12

January

February

March

April

May

June

July

August

September

October

Novem

ber

December

Mon

ths o

f Inven

tory

Absorption Rate (2010‐ 2013)

2010 2011 2012 2013

0.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

Feb‐12 Mar‐12 Apr‐12 May‐12 Jun‐12 Jul‐12 Aug‐12 Sep‐12 Oct‐12 Nov‐12 Dec‐12 Jan‐13 Feb‐13North Saanich 9.25 8.66 9.55 9.65 7.85 7.96 7.56 7.52 7.48 8.82 8.67 13.07 12.68Central Saanich 4.80 5.03 5.76 6.32 6.00 6.80 7.09 7.77 8.22 6.82 4.86 4.45 6.84Sidney 4.20 4.46 7.69 7.67 6.92 6.47 5.27 5.07 3.88 5.25 6.00 5.82 6.89

Absorption Rate ‐ Single Family Detached ‐ By Area

0.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

Feb‐12 Mar‐12 Apr‐12 May‐12 Jun‐12 Jul‐12 Aug‐12 Sep‐12 Oct‐12 Nov‐12 Dec‐12 Jan‐13 Feb‐13Central Saanich 7.88 12.00 7.80 9.60 9.27 8.77 8.50 7.64 9.00 9.33 10.50 14.00 10.50Sidney 6.82 7.50 8.04 7.29 6.67 7.24 6.95 5.91 4.46 4.50 4.71 6.37 7.59

Absorption Rate ‐ Condominiums ‐ By Area

0.00

2.00

4.00

6.00

8.00

10.00

12.00


Absorption Rate ‐Manufactured ‐ By Area

0.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00


Absorption Rate ‐ Town House ‐ By Area

0123456789

10111213141516

Single FamilyCondos

Town Houses

12.68

n/an/a

6.89 7.59 8.406.84

10.50

15.27

Mon

ths of In

ventory

Absorption Rates February 2013

North Saanich Sidney Central Saanich

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2010 418 621 789 756 695 625 527 425 395 467 479 3492011 339 488 622 574 572 618 523 542 458 483 482 3392012 372 497 570 586 659 637 523 462 419 373 366 2832013 294 394

200

300

400

500

600

700

800

900

Num

ber o

f Sales

Monthly Sales Comparison (2010‐2013)

0

1000

2000

3000

4000

5000

Total Active Listings / Number of Sales

Active Listings Number of Sales

Single Family Detached

Price RangeNorth Saanich Central Saanich SidneyListed Sold Listed Sold Listed Sold

$0-$500K 3 0 5 2 18 2

$500K-$800K 45 7 29 4 9 1

$800K-$1M 9 1 6 0 1 0

$1M-$2M 28 1 11 0 2 1

$2M+ 9 0 7 0 1 0

SFD Waterfront

Price RangeSaanich PeninsulaListed Sold

$0-$1M 8 0

$1M-$2M 17 1

$2M+ 11 0

Condos & Townhomes


$0-$400K 81 17

$400K-$800K 54 3

$800K-$1M 3 2

$1M+ 3 0

Manufactured Homes


$0-$150K 6 1

$150K-$300K 12 1

$300K+ 0 0

Lots & Vacant Land


$0-$300K 5 0

$300K-$400K 19 0

$400K-$500K 3 0

$500K+ 10 0

“Listed” refers to the number of listings presently on the market at the end of the month indicated.“Sold” refers to any properties with unconditional offers in the month indicated.

February 2013Sales Performance

DFH Sidney6.5

20.00%

Gordon Hulme1

3.08%

Royal LePage By the Sea4

12.31%

Saanich Peninsula Realty0

0.00%

Sparling Real Estate1

3.08%

Holmes Realty10

30.77%

Re/Max Peninsula10

30.77%

Percentage of Sales by No. of SalesPeninsula Offices ‐ February 2013

Office / Number / PercentageYear To Date

© 2013 Holmes Realty Ltd. ‐ Data Sourced From VREB MLS

DFH Sidney$2,439,90016.20%

Gordon Hulme$389,0002.58%

Royal LePage By the Sea$1,492,000

9.91%

Saanich Peninsula Realty$0

0.00%

Sparling Real Estate$465,0003.09%

Holmes Realty$5,702,70037.88%

Re/Max Peninsula$4,568,00030.34%

Percentage of Sales by Value of SalesPeninsula Offices ‐ February 2013

Office / Value / PercentageYear To Date


DFH Sidney$46,699,000

27.77%

Gordon Hulme$4,093,000

2.43%

Royal LePage By the Sea$12,886,300

7.66%

Saanich Peninsula Realty$3,929,000

2.34%

Sparling Real Estate$1,697,500

1.01%

Holmes Realty$54,397,547

32.35%

Re/Max Peninsula$44,441,388

26.43%

Percentage of Sales Peninsula OfficesYear End 2012

Office / Value / PercentageYear To Date


Documents

Feb Stats/News Release