june 1st vreb stats

19
FOR IMMEDIATE RELEASE June 1, 2012 MAY 2012 REAL ESTATE MARKET IS PICKING UP IN GREATER VICTORIA VICTORIA, BC–Consumers are showing confidence in the Greater Victoria real estate market, evidenced by a spike of 71 residential sales in May 2012 over the previous month. “During the last two or three months, we’ve seen many potential buyers out looking,” says Carol Crabb, President of the Victoria Real Estate Board. “During May, they made their decisions. This shows there is good selection on the market, as well as good value.” The average price for single family homes sold in Greater Victoria last month was $622,387, a jump over April’s average of $609,376. Excluding previous months’ sales of over $4 million, the median has returned to $534,250. “Last month we told you that homebuyers were researching their purchases by working with home inspectors, mortgage professionals and REALTORS®,” Crabb says. “Now they are moving forward, which is often reflected in a spring market, even though it’s not feeling very springlike.” Total MLS® sales for May 2012 were 659, with 636 of those residential, compared to 572 and 544 respectively for the same period in 2011, and 586 and 565 last month. We ended May 2012 with 5,015 active listings. Total waterfront Single Family Dwellings sold: 15, down 3 sales over May 2011 Total nonwaterfront Single Family Dwellings sold: 373, up 38 sales over May 2011 Single Family Dwellings sold over $1 million: 24 (3 over $2 million) STATS QUICK REFERENCE April 2012, MLS® Real Estate Sales and Average Prices, Greater Victoria 2012 May 2012 April 2011 May No of Sales Average Price Median Price No of Sales Average Price Median Price No of Sales Average Price Median Price Single Family Greater Victoria 363 $622,387 $534,250 294 $609,376 $560,000 323 $628,462 $553,000 Single Family Other Areas 25 $560,960 $510,000 22 $677,100 $462,500 30 $561,023 $495,450 Total Single Family All Areas 388 $618,429 $533,000 316 $614,091 $554,000 323 $628,462 $553,000 Condos 167 $312,671 $275,000 171 $327,975 $277,000 123 $328,345 $294,000 Townhomes 69 $409,433 $389,900 62 $428,237 $416,250 51 466,845 $432,332 Manufactured Homes 12 $126,850 $109,350 16 $125,500 $116,000 17 $107,318 $89,000 TOTAL RESIDENTIAL 636 565 544 TOTAL MONTHLY SALES 659 586 572 TOTAL ACTIVE LISTINGS 5,015 4,638 4,857

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Page 1: June 1st VREB Stats

FOR IMMEDIATE RELEASE June 1, 2012                 

 MAY 2012 REAL ESTATE MARKET IS PICKING UP IN GREATER VICTORIA 

VICTORIA, BC–Consumers are showing confidence in the Greater Victoria real estate market, evidenced by a spike of 71 residential sales in May 2012 over the previous month. “During the last two or three months, we’ve seen many potential buyers out looking,” says Carol Crabb, President of the Victoria Real Estate Board. “During May, they made their decisions. This shows there is good selection on the market, as well as good value.” 

The average price for single family homes sold in Greater Victoria last month was $622,387, a jump over April’s average of $609,376. Excluding previous months’ sales of over $4 million, the median has returned to $534,250. 

“Last month we told you that homebuyers were researching their purchases by working with home inspectors, mortgage professionals and REALTORS®,” Crabb says. “Now they are moving forward, which is often reflected in a spring market, even though it’s not feeling very spring‐like.” 

Total MLS® sales for May 2012 were 659, with 636 of those residential, compared to 572 and 544 respectively for the same period in 2011, and 586 and 565 last month. We ended May 2012 with 5,015 active listings. 

Total waterfront Single Family Dwellings sold:              15, down 3 sales over May 2011 Total non‐waterfront Single Family Dwellings sold:  373, up 38 sales over May 2011 Single Family Dwellings sold over $1 million:  24 (3 over $2 million)  STATS QUICK REFERENCE April 2012, MLS® Real Estate Sales and Average Prices, Greater Victoria 

  2012 ‐ May  2012 ‐ April  2011 ‐ May 

  No of Sales 

Average  Price 

MedianPrice 

No of Sales 

Average Price 

MedianPrice 

No of Sales 

Average Price 

Median Price 

Single Family Greater Victoria 

363  

$622,387  $534,250 294 $609,376 $560,000 323  $628,462 $553,000

Single Family Other Areas 

25  $560,960  $510,000 22 $677,100 $462,500 30  $561,023 $495,450

Total Single Family All Areas 

388  $618,429  $533,000 316 $614,091 $554,000 323  $628,462 $553,000

Condos  167  $312,671  $275,000 171 $327,975 $277,000 123  $328,345 $294,000Townhomes  69  $409,433  $389,900 62 $428,237 $416,250 51  466,845 $432,332Manufactured Homes 

12  $126,850  $109,350 16 $125,500 $116,000 17  $107,318 $89,000 

TOTAL RESIDENTIAL 

636    565 544 

TOTAL MONTHLY SALES 

659    586 572 

TOTAL ACTIVE LISTINGS 

5,015    4,638 4,857 

Page 2: June 1st VREB Stats

Number 

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Page 3: June 1st VREB Stats

Monthly Sales SummaryFriday, June 1, 2012

Units Total Volume Average

Price

6 Month

Average

May 2012

Region Median

PriceDistrict

ResidentialSingle Familyl

Greater Victoria

Victoria 37 $22,959,000 $620,514 $614,412 $580,000

Victoria West 3 $1,505,750 $501,917 $480,589 $444,000

Oak Bay 31 $26,748,150 $862,844 $874,679 $715,000

Esquimalt 9 $3,877,213 $430,801 $462,273 $415,000

View Royal 17 $9,292,000 $546,588 $552,290 $533,000

Saanich East 66 $43,727,475 $662,538 $648,135 $595,500

Saanich West 32 $18,445,566 $576,424 $581,938 $484,900

Central Saanich 12 $6,273,000 $522,750 $570,526 $513,500

North Saanich 16 $11,315,850 $707,241 $692,203 $689,500

Sidney 13 $5,891,500 $453,192 $474,696 $446,000

Highlands 4 $2,476,000 $619,000 $685,677 $597,000

Colwood 31 $15,392,988 $496,548 $491,021 $462,000

Langford 56 $28,245,934 $504,392 $496,146 $459,900

Metchosin 5 $2,574,900 $514,980 $604,016 $529,900

Sooke 18 $7,126,300 $395,906 $388,095 $397,500

Waterfront (all districts) 13 $20,075,000 $1,544,231 $1,325,054 $1,375,000

Total Greater Victoria 363 $225,926,626 $622,387 $608,682 $534,250

Other Areas

Shawnigan Lake / Malahat 1 $434,000 $434,000 $348,889 $434,000

Gulf Islands 19 $9,901,000 $521,105 $466,932 $437,000

UpIsland / Mainland 3 $1,516,500 $505,500 $486,316 $530,000

Waterfront (all districts) 2 $2,172,500 $1,086,250 $948,743 $1,086,250

Total Other Areas 25 $14,024,000 $560,960 $528,952 $510,000

Total Single Family 388 $239,950,626 $618,429 $602,755 $533,000

Condominiuml

Greater Victoria

Victoria 51 $14,453,141 $283,395 $300,945 $246,900

Victoria West 9 $4,109,813 $456,646 $467,408 $450,000

Oak Bay 10 $4,094,450 $409,445 $359,962 $426,250

Esquimalt 6 $1,569,285 $261,548 $267,415 $257,000

View Royal 3 $833,000 $277,667 $278,665 $285,000

Saanich East 25 $7,416,200 $296,648 $268,201 $263,000

Saanich West 10 $2,622,000 $262,200 $277,860 $252,000

Central Saanich 1 $273,000 $273,000 $281,667 $273,000

Sidney 13 $4,358,300 $335,254 $305,555 $315,000

Colwood 3 $728,000 $242,667 $295,083 $246,500

Langford 23 $6,875,200 $298,922 $277,283 $299,900

Waterfront (all districts) 12 $4,855,000 $404,583 $508,748 $249,500

Total Greater Victoria 166 $52,187,389 $314,382 $319,590 $275,000

Other Areas

UpIsland / Mainland 1 $28,750 $28,750 $207,750 $28,750

Total Other Areas 1 $28,750 $28,750 $148,550 $28,750

Total Condominium 167 $52,216,139 $312,671 $318,544 $275,000

1Victoria Real Estate Board Multiple Listing Service ®

Page 4: June 1st VREB Stats

Monthly Sales SummaryFriday, June 1, 2012

Units Total Volume Average

Price

6 Month

Average

May 2012

Region Median

PriceDistrict

Townhousel

Greater Victoria

Victoria 12 $5,498,400 $458,200 $450,849 $448,200

Victoria West 1 $400,000 $400,000 $380,400 $400,000

Esquimalt 3 $1,146,900 $382,300 $359,593 $389,900

View Royal 3 $1,294,800 $431,600 $438,752 $449,900

Saanich East 4 $1,649,250 $412,313 $447,802 $385,500

Saanich West 11 $4,550,550 $413,686 $412,000 $390,000

Central Saanich 4 $1,667,500 $416,875 $373,245 $396,500

North Saanich 1 $484,000 $484,000 $482,933 $484,000

Sidney 11 $4,418,000 $401,636 $388,531 $399,000

Colwood 2 $563,000 $281,500 $368,060 $281,500

Langford 10 $3,184,600 $318,460 $346,622 $331,450

Sooke 3 $826,900 $275,633 $290,117 $263,000

Waterfront (all districts) 4 $2,567,000 $641,750 $626,915 $638,500

Total Greater Victoria 69 $28,250,900 $409,433 $409,481 $389,900

Total Townhouse 69 $28,250,900 $409,433 $406,954 $389,900

Manufactured Homesl

Greater Victoria

View Royal 1 $225,000 $225,000 $139,655 $225,000

Central Saanich 4 $448,200 $112,050 $144,195 $109,350

Sidney 1 $230,500 $230,500 $215,862 $230,500

Langford 2 $152,500 $76,250 $89,275 $76,250

Sooke 1 $100,000 $100,000 $74,545 $100,000

Total Greater Victoria 9 $1,156,200 $128,467 $126,912 $106,200

Other Areas

Shawnigan Lake / Malahat 1 $18,000 $18,000 $30,167 $18,000

Gulf Islands 2 $348,000 $174,000 $189,800 $174,000

Total Other Areas 3 $366,000 $122,000 $117,000 $163,000

Total Manufactured Homes 12 $1,522,200 $126,850 $125,723 $109,350

Total Residential 636 $321,939,865

2Victoria Real Estate Board Multiple Listing Service ®

Page 5: June 1st VREB Stats

Monthly Sales SummaryFriday, June 1, 2012

Units Total Volume Average

Price

6 Month

Average

May 2012

Region Median

PriceDistrict

Grand Totals 659 $329,379,714

6 $2,147,047 $357,841Other Commercial Propertiesl

1 $850,000 $850,000Commercial Landl

Other Property

Lots & Acreage (Incl Wtrfrnt)l

Greater Victoria

View Royal 2 $1,037,450 $518,725 $452,346 $518,725

North Saanich 1 $799,000 $799,000 $554,667 $799,000

Langford 3 $590,000 $196,667 $207,945 $185,000

Sooke 3 $409,900 $136,633 $151,580 $120,000

Total Greater Victoria 9 $2,836,350 $315,150 $380,487 $185,000

Other Areas

Shawnigan Lake / Malahat 1 $250,000 $250,000 $201,000 $250,000

Gulf Islands 2 $270,500 $135,250 $351,250 $135,250

UpIsland / Mainland 4 $1,085,952 $271,488 $282,659 $335,888

Total Other Areas 7 $1,606,452 $229,493 $309,075 $250,000

Total Lots & Acreage (Incl Wtrfrnt) 16 $4,442,802 $277,675 $356,374 $217,500

3Victoria Real Estate Board Multiple Listing Service ®

Page 6: June 1st VREB Stats

Average Selling PricesFriday, June 01, 2012

May 2012

$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

May

201

0

Jun

2010

Jul 2

010

Aug

201

0

Sep

201

0

Oct

201

0

Nov

201

0

Dec

201

0

Jan

2011

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

Single Family Homes (Greater Victoria Only)

$250,000

$275,000

$300,000

May

201

0

Jun

2010

Jul 2

010

Aug

201

0

Sep

201

0

Oct

201

0

Nov

201

0

Dec

201

0

Jan

2011

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

Victoria Real Estate Board Multiple Listing Service ®

$325,000

$350,000

$375,000

$400,000

$425,000

$450,000

$475,000

$500,000

May

201

0

Jun

2010

Jul 2

010

Aug

201

0

Sep

201

0

Oct

201

0

Nov

201

0

Dec

201

0

Jan

2011

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

Townhomes (All Areas)

Page 7: June 1st VREB Stats

Active Listings, New Listings and Sales May 2012Friday, June 01, 2012

2,500

2,700

2,900

3,100

3,300

3,500

3,700

3,900

4,100

4,300

4,500

4,700

4,900

5,100

May

201

0

Jun

2010

Jul 2

010

Aug

201

0

Sep

201

0

Oct

201

0

Nov

201

0

Dec

201

0

Jan

2011

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

Total Active MLS® Listings

Total New MLS® Listings and Total MLS® Sales

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

May

201

0

Jun

2010

Jul 2

010

Aug

201

0

Sep

201

0

Oct

201

0

Nov

201

0

Dec

201

0

Jan

2011

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

Total New MLS® Listings and Total MLS® Sales

Listings Sales

Victoria Real Estate Board Multiple Listing Service ®

Page 8: June 1st VREB Stats

Monthly Comparative Activity By Property Type Friday, June 01, 2012

May 2012

Current Month

This Year % ChangeLast Year

Year To Date

This Year % ChangeLast Year

Single Family - Residential

Units Listed 704

Units Sold 330

Sell/List Ratio 47

Sales Dollars $192,272,626

Average Price / Unit $582,644

Price Ratio 98

Days To Sell 48

Active Listings at Month End 1637

%

%

622

291

47

$171,469,462

$589,242

98

53

1478

%

%

13

13

12

-1

-9

11

%

%

%

%

%

%

2931

1267

43

$725,313,954

$572,466

98

57

%

%

2825

1230

44

$719,199,982

$584,715

98

53

%

%

4

3

1

-2

7

%

%

%

%

%

Single Family - Residential Waterfront

Units Listed 73

Units Sold 15

Sell/List Ratio 21

Sales Dollars $22,247,500

Average Price / Unit $1,483,167

Price Ratio 93

Days To Sell 104

Active Listings at Month End 312

%

%

68

18

26

$21,025,888

$1,168,105

94

93

304

%

%

7

-17

6

27

12

3

%

%

%

%

%

%

269

52

19

$65,851,626

$1,266,377

94

95

%

%

290

65

22

$69,839,081

$1,074,447

93

104

%

%

-7

-20

-6

18

-8

%

%

%

%

%

Single Family - Residential Acreage

Units Listed 108

Units Sold 22

Sell/List Ratio 20

Sales Dollars $16,570,900

Average Price / Unit $753,223

Price Ratio 96

Days To Sell 143

Active Listings at Month End 362

%

%

94

25

27

$18,862,655

$754,506

96

51

358

%

%

15

-12

-12

0

178

1

%

%

%

%

%

%

396

100

25

$77,911,925

$779,119

95

127

%

%

380

104

27

$69,542,317

$668,676

96

87

%

%

4

-4

12

17

46

%

%

%

%

%

Condominium

Units Listed 473

Units Sold 167

Sell/List Ratio 35

Sales Dollars $52,216,139

Average Price / Unit $312,671

Price Ratio 97

Days To Sell 62

Active Listings at Month End 1103

%

%

344

123

36

$40,386,495

$328,345

98

55

1121

%

%

38

36

29

-5

13

-2

%

%

%

%

%

%

1780

728

41

$232,476,261

$319,336

97

68

%

%

1796

672

37

$222,992,078

$331,833

97

57

%

%

-1

8

4

-4

20

%

%

%

%

%

1Victoria Real Estate Board Multiple Listing Service ®

Page 9: June 1st VREB Stats

Monthly Comparative Activity By Property Type Friday, June 01, 2012

May 2012

Current Month

This Year % ChangeLast Year

Year To Date

This Year % ChangeLast Year

Townhouse

Units Listed 138

Units Sold 69

Sell/List Ratio 50

Sales Dollars $28,250,900

Average Price / Unit $409,433

Price Ratio 98

Days To Sell 78

Active Listings at Month End 406

%

%

165

51

31

$23,809,107

$466,845

98

47

463

%

%

-16

35

19

-12

66

-12

%

%

%

%

%

%

622

301

48

$123,204,758

$409,318

98

72

%

%

737

276

37

$123,677,046

$448,105

98

57

%

%

-16

9

0

-9

25

%

%

%

%

%

Strata Duplex (Up and Down)

Units Listed 1

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0

Average Price / Unit

Price Ratio

Days To Sell

Active Listings at Month End 2

%

%

1

0

0

$0

3

%

%

0

-33

%

%

%

%

%

%

6

1

17

$235,000

$235,000

94

58

%

%

6

3

50

$1,421,000

$473,667

101

28

%

%

0

-67

-83

-50

107

%

%

%

%

%

Strata Duplex (Side by Side)

Units Listed 21

Units Sold 16

Sell/List Ratio 76

Sales Dollars $6,365,100

Average Price / Unit $397,819

Price Ratio 97

Days To Sell 52

Active Listings at Month End 35

%

%

23

10

43

$4,087,400

$408,740

98

56

45

%

%

-9

60

56

-3

-7

-22

%

%

%

%

%

%

81

46

57

$19,423,100

$422,241

97

56

%

%

79

34

43

$14,485,700

$426,050

97

47

%

%

3

35

34

-1

21

%

%

%

%

%

Strata Duplex (Front and Back)

Units Listed 8

Units Sold 3

Sell/List Ratio 38

Sales Dollars $1,159,500

Average Price / Unit $386,500

Price Ratio 97

Days To Sell 63

Active Listings at Month End 15

%

%

5

4

80

$1,796,000

$449,000

97

39

15

%

%

60

-25

-35

-14

63

0

%

%

%

%

%

%

25

9

36

$3,372,500

$374,722

97

49

%

%

32

16

50

$7,220,900

$451,306

98

44

%

%

-22

-44

-53

-17

11

%

%

%

%

%

2Victoria Real Estate Board Multiple Listing Service ®

Page 10: June 1st VREB Stats

Monthly Comparative Activity By Property Type Friday, June 01, 2012

May 2012

Current Month

This Year % ChangeLast Year

Year To Date

This Year % ChangeLast Year

Recreational

Units Listed 6

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0

Average Price / Unit

Price Ratio

Days To Sell

Active Listings at Month End 19

%

%

7

1

14

$37,500

$37,500

75

28

19

%

%

-14

-100

-100

0

%

%

%

%

%

%

18

1

6

$1,175,000

$1,175,000

118

58

%

%

17

1

6

$37,500

$37,500

75

28

%

%

6

0

3033

3033

107

%

%

%

%

%

Manufactured Home

Units Listed 47

Units Sold 12

Sell/List Ratio 26

Sales Dollars $1,522,200

Average Price / Unit $126,850

Price Ratio 93

Days To Sell 104

Active Listings at Month End 140

%

%

35

17

49

$1,824,400

$107,318

95

97

126

%

%

34

-29

-17

18

6

11

%

%

%

%

%

%

163

64

39

$7,915,200

$123,675

94

85

%

%

165

66

40

$8,483,100

$128,532

93

87

%

%

-1

-3

-7

-4

-2

%

%

%

%

%

Residential Lots

Units Listed 32

Units Sold 7

Sell/List Ratio 22

Sales Dollars $1,224,638

Average Price / Unit $174,948

Price Ratio 97

Days To Sell 135

Active Listings at Month End 222

%

%

37

10

27

$2,162,400

$216,240

96

57

233

%

%

-14

-30

-43

-19

137

-5

%

%

%

%

%

%

143

34

24

$8,280,938

$243,557

95

114

%

%

188

37

20

$13,293,180

$359,275

97

92

%

%

-24

-8

-38

-32

24

%

%

%

%

%

Residential Lots - Waterfront

Units Listed 16

Units Sold 5

Sell/List Ratio 31

Sales Dollars $1,997,664

Average Price / Unit $399,533

Price Ratio 95

Days To Sell 84

Active Listings at Month End 49

%

%

8

2

25

$925,000

$462,500

93

83

51

%

%

100

150

116

-14

1

-4

%

%

%

%

%

%

41

7

17

$4,312,664

$616,095

94

105

%

%

46

4

9

$2,337,000

$584,250

88

95

%

%

-11

75

85

5

10

%

%

%

%

%

3Victoria Real Estate Board Multiple Listing Service ®

Page 11: June 1st VREB Stats

Monthly Comparative Activity By Property Type Friday, June 01, 2012

May 2012

Current Month

This Year % ChangeLast Year

Year To Date

This Year % ChangeLast Year

Residential Acreage

Units Listed 26

Units Sold 4

Sell/List Ratio 15

Sales Dollars $1,220,500

Average Price / Unit $305,125

Price Ratio 85

Days To Sell 513

Active Listings at Month End 200

%

%

40

3

8

$872,500

$290,833

91

137

201

%

%

-35

33

40

5

274

0

%

%

%

%

%

%

111

20

18

$8,100,782

$405,039

92

247

%

%

124

25

20

$15,540,500

$621,620

83

228

%

%

-10

-20

-48

-35

9

%

%

%

%

%

Residential Acreage - Waterfront

Units Listed 9

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0

Average Price / Unit

Price Ratio

Days To Sell

Active Listings at Month End 93

%

%

8

2

25

$1,185,000

$592,500

93

166

73

%

%

13

-100

-100

27

%

%

%

%

%

%

47

5

11

$2,956,000

$591,200

96

235

%

%

48

6

13

$4,806,000

$801,000

85

198

%

%

-2

-17

-38

-26

19

%

%

%

%

%

Revenue - Duplex/Triplex

Units Listed 3

Units Sold 2

Sell/List Ratio 67

Sales Dollars $1,335,000

Average Price / Unit $667,500

Price Ratio 97

Days To Sell 22

Active Listings at Month End 15

%

%

6

4

67

$2,545,000

$636,250

101

32

9

%

%

-50

-50

-48

5

-32

67

%

%

%

%

%

%

27

9

33

$6,222,000

$691,333

98

74

%

%

18

10

56

$6,551,500

$655,150

98

58

%

%

50

-10

-5

6

28

%

%

%

%

%

Revenue - Multi Units

Units Listed 6

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0

Average Price / Unit

Price Ratio

Days To Sell

Active Listings at Month End 14

%

%

4

1

25

$1,470,000

$1,470,000

98

49

13

%

%

50

-100

-100

8

%

%

%

%

%

%

14

1

7

$800,000

$800,000

95

6

%

%

17

6

35

$5,074,000

$845,667

104

103

%

%

-18

-83

-84

-5

-94

%

%

%

%

%

4Victoria Real Estate Board Multiple Listing Service ®

Page 12: June 1st VREB Stats

Monthly Comparative Activity By Property Type Friday, June 01, 2012

May 2012

Current Month

This Year % ChangeLast Year

Year To Date

This Year % ChangeLast Year

Revenue - Apartment Block

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0

Average Price / Unit

Price Ratio

Days To Sell

Active Listings at Month End 1

%

%

1

0

0

$0

2

%

%

-100

-50

%

%

%

%

%

%

1

0

0

$0

%

%

2

0

0

$0

%

%

-50 %

%

%

%

%

Revenue - Commercial

Units Listed 13

Units Sold 2

Sell/List Ratio 15

Sales Dollars $2,110,000

Average Price / Unit $1,055,000

Price Ratio 97

Days To Sell 68

Active Listings at Month End 54

%

%

11

0

0

$66,000

82

29

47

%

%

18

3097

134

15

%

%

%

%

%

%

58

7

12

$8,078,000

$1,154,000

93

107

%

%

37

1

3

$1,751,100

$1,751,100

83

101

%

%

57

600

361

-34

6

%

%

%

%

%

Revenue - Industrial

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0

Average Price / Unit

Price Ratio

Days To Sell

Active Listings at Month End 1

%

%

0

0

$0

0

%

%

%

%

%

%

%

%

1

0

0

$0

%

%

0

0

$0

%

%

%

%

%

%

%

Business with Land & Building

Units Listed 7

Units Sold 1

Sell/List Ratio 14

Sales Dollars $10,000

Average Price / Unit $10,000

Price Ratio 67

Days To Sell 44

Active Listings at Month End 81

%

%

6

2

33

$545,013

$272,507

99

282

69

%

%

17

-50

-98

-96

-84

17

%

%

%

%

%

%

58

4

7

$540,017

$135,004

96

162

%

%

53

7

13

$4,445,035

$635,005

89

179

%

%

9

-43

-88

-79

-10

%

%

%

%

%

5Victoria Real Estate Board Multiple Listing Service ®

Page 13: June 1st VREB Stats

Monthly Comparative Activity By Property Type Friday, June 01, 2012

May 2012

Current Month

This Year % ChangeLast Year

Year To Date

This Year % ChangeLast Year

Business Only

Units Listed 9

Units Sold 1

Sell/List Ratio 11

Sales Dollars $27,000

Average Price / Unit $27,000

Price Ratio 90

Days To Sell 22

Active Listings at Month End 67

%

%

7

4

57

$185,500

$46,375

93

147

69

%

%

29

-75

-85

-42

-85

-3

%

%

%

%

%

%

58

15

26

$1,572,000

$104,800

90

114

%

%

69

9

13

$876,900

$97,433

91

121

%

%

-16

67

79

8

-6

%

%

%

%

%

Motel/Hotel

Units Listed 1

Units Sold 1

Sell/List Ratio 100

Sales Dollars $850,000

Average Price / Unit $850,000

Price Ratio 93

Days To Sell 170

Active Listings at Month End 6

%

%

4

0

0

$0

13

%

%

-75

-54

%

%

%

%

%

%

3

2

67

$858,000

$429,000

93

125

%

%

9

3

33

$3,245,008

$1,081,669

103

194

%

%

-67

-33

-74

-60

-36

%

%

%

%

%

Lease - Office

Units Listed 13

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0

Average Price / Unit

Price Ratio

Days To Sell

Active Listings at Month End 50

%

%

9

2

22

$28

$14

163

28

%

%

44

-100

-100

79

%

%

%

%

%

%

43

1

2

$12

$12

41

%

%

27

5

19

$61

$12

144

%

%

59

-80

-81

-4

-72

%

%

%

%

%

Lease - Retail

Units Listed 10

Units Sold 2

Sell/List Ratio 20

Sales Dollars $47

Average Price / Unit $23

Price Ratio

Days To Sell 59

Active Listings at Month End 34

%

%

5

0

0

$0

29

%

%

100

17

%

%

%

%

%

%

39

4

10

$72

$18

61

%

%

25

6

24

$106

$18

101

%

%

56

-33

-32

2

-39

%

%

%

%

%

6Victoria Real Estate Board Multiple Listing Service ®

Page 14: June 1st VREB Stats

Monthly Comparative Activity By Property Type Friday, June 01, 2012

May 2012

Current Month

This Year % ChangeLast Year

Year To Date

This Year % ChangeLast Year

Lease - Warehouse

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0

Average Price / Unit

Price Ratio

Days To Sell

Active Listings at Month End 0

%

%

0

0

$0

0

%

%

%

%

%

%

%

%

0

0

$0

%

%

0

0

$0

%

%

%

%

%

%

%

Lease - Industrial

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0

Average Price / Unit

Price Ratio

Days To Sell

Active Listings at Month End 1

%

%

0

0

$0

2

%

%

-50

%

%

%

%

%

%

1

0

0

$0

%

%

1

0

0

$0

%

%

0 %

%

%

%

%

Lease - Other

Units Listed 11

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0

Average Price / Unit

Price Ratio

Days To Sell

Active Listings at Month End 42

%

%

12

2

17

$38

$19

107

53

%

%

-8

-100

-100

-21

%

%

%

%

%

%

36

5

14

$923

$185

109

102

%

%

58

6

10

$110

$18

123

%

%

-38

-17

735

902

-17

%

%

%

%

%

Commercial Land

Units Listed 5

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0

Average Price / Unit

Price Ratio

Days To Sell

Active Listings at Month End 54

%

%

2

0

0

$0

33

%

%

150

64

%

%

%

%

%

%

29

1

3

$165,000

$165,000

83

49

%

%

16

3

19

$3,010

$1,003

405

%

%

81

-67

5381

16344

-88

%

%

%

%

%

7Victoria Real Estate Board Multiple Listing Service ®

Page 15: June 1st VREB Stats

Monthly Comparative Activity By Property Type Friday, June 01, 2012

May 2012

Current Month

This Year % ChangeLast Year

Year To Date

This Year % ChangeLast Year

Units Listed 1740

Units Sold 659

Sell/List Ratio 38

Sales Dollars $329,379,714

Average Price / Unit $499,817

Price Ratio 97

Days To Sell 65

Active Listings at Month End 5015

%

%

Grand Totals

1524

572

38

$293,255,386

$512,684

97

58

4857

%

%

14

15

12

-3

11

3

%

%

%

%

%

%

7001

2684

38

$1,298,765,732

$483,892

97

69

%

%

7065

2595

37

$1,294,822,215

$498,968

97

63

%

%

-1

3

0

-3

10

%

%

%

%

%

8Victoria Real Estate Board Multiple Listing Service ®

Page 16: June 1st VREB Stats

CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD

Vic / VicW Oak Bay Esquimalt View Royal Saanich E Saanich W C Saanich N Saanich Sidney Highlands Colwood Langford Metchosin Sooke Gulf Is Other

Friday, June 01, 2012

May 2012Reported Sales By Price Range - Single Family

Price Ranges

Min Max

Percentages

YTDCM

-10,000,000

9,999,999-9,000,000

8,999,999-8,000,000

7,999,999-7,000,000

6,999,999-6,000,000

5,999,999-5,000,000

4,999,999 1- .14,500,000

4,499,999 1- .14,000,000

3,999,999 -1- -.13,500,000

3,499,999 1 1 1 1- .2.33,000,000

2,999,999 1 1 1 1 2- .3.52,500,000

2,499,999 1 1- .12,000,000

1,999,999 1 1 2 3 2 3 1 2 1 1 1- .71.81,750,000

1,749,999 1 2 5 2 1 1- .7.51,500,000

1,499,999 2 1 4 1 2 1 4 1 1 1 1 1 1 1 1 1 2- 1.31.51,250,000

1,249,999 1 6 2 8 4 15 1 6 1 2 5 1 1 1 1- 3.02.81,000,000

999,999 2 2 1 1 1 1 2 1 1 1 1- .8.5950,000

949,999 3 5 3 5 1 3 1 1 2 2 2 2- 1.32.6900,000

899,999 2 3 6 2 2 11 1 1 4 1 1 1- 2.01.5850,000

849,999 2 10 2 4 2 9 1 1 3 2 2 1 1 1 1 1- 2.22.6800,000

799,999 2 11 2 9 1 5 23 2 2 3 8 1 1 1 2 1 3 1 1 1 1 1- 4.44.1750,000

749,999 2 11 3 9 3 3 1 14 1 2 2 1 4 1 1 1 2 3 6 1 4- 4.04.1700,000

699,999 3 13 3 12 2 3 5 5 22 3 7 1 5 1 10 1 1 1 5 1 6 1 2 1 2 8 2- 6.96.2650,000

649,999 3 13 3 12 4 5 11 39 2 10 2 2 11 1 2 1 5 3 13 1 4 3 2 4 1 2- 8.77.7600,000

599,999 5 30 5 12 2 7 2 4 9 51 3 14 2 15 3 7 2 5 2 3 6 5 16 1 1 2 2 3- 11.910.8550,000

549,999 2 16 1 1 4 3 8 10 42 4 21 4 18 1 3 1 6 2 2 1 5 5 26 1 3 3 6 1 6 1 5- 11.610.3500,000

499,999 4 27 3 4 11 2 8 7 31 4 15 4 10 2 3 7 9 23 10 24 1 1 6 4 1- 11.712.1450,000

449,999 7 23 3 19 2 5 5 17 8 28 1 7 4 10 1 8 21 9 38 2 5 17 2 6 1 5- 13.414.2400,000

399,999 2 6 6 1 3 1 8 3 11 1 1 2 8 2 7 13 28 2 2 3 18 3 8 1 4- 7.58.5350,000

349,999 2 5 2 5 1 1 2 2 5 1 1 1 1 3 6 3 7 4 13 2 13 8- 4.55.4300,000

299,999 1 4 1 1 1 7 2 14 3 10 3- 2.71.80

41 185 31 100 9 64 17 45 69 296 33 130 12 66 19 68 14 41 4 12 31 86 57 180 5 18 21 83 21 76 4 35Total Units

10.6 12.5 8.0 6.7 2.3 4.3 4.4 3.0 17.8 19.9 8.5 8.8 3.1 4.4 4.9 4.6 3.6 2.8 1.0 .8 8.0 5.8 14.7 12.1 1.3 1.2 5.4 5.6 5.4 5.1 1.0 2.4100100Percentages

1485388

1Victoria Real Estate Board Multiple Listing Service ®

Page 17: June 1st VREB Stats

CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD

Vic / VicW Oak Bay Esquimalt View Royal Saanich E Saanich W C Saanich N Saanich Sidney Highlands Colwood Langford Metchosin Sooke Gulf Is Other

Friday, June 01, 2012

May 2012Reported Sales By Price Range - Condominium

Price Ranges

Min Max

Percentages

YTDCM

5 2 1 1- 1.1.61,000,000

999,999-975,000

974,999-950,000

949,999-925,000

924,999 2- .3900,000

899,999 1 1- .3875,000

874,999-850,000

849,999 1- .1825,000

824,999 1- .1800,000

799,999 1 1- .1.6775,000

774,999 1 2 1- .4.6750,000

749,999 1 2- .3.6725,000

724,999 2 1- .4700,000

699,999 2 1- .4675,000

674,999 1 2- .3.6650,000

649,999 3 8 1 1- 1.22.4625,000

624,999 1 3 1 3- .81.2600,000

599,999 3 1 1 1- .7.6575,000

574,999 1 1 1 1- .31.2550,000

549,999 2 1- .4525,000

524,999 1 6 1 2- 1.2.6500,000

499,999 5 2 3 1 1 1 2 2- 1.63.0475,000

474,999 2 8 1 3 1 2 1- 2.11.8450,000

449,999 1 9 1 1 1 1 1 1 1- 1.91.8425,000

424,999 3 10 2 3 3 1 4 2 2 1- 3.43.6400,000

399,999 1 8 1 2 1 1 1 3 1 1- 2.31.8375,000

374,999 4 15 1 1 1 1 1 3 1 2 5 2- 4.14.2350,000

349,999 3 24 1 3 1 6 1 2 1 1 4 1 4- 6.24.2325,000

324,999 2 19 1 1 1 5 1 11 2 1 1 1 2 7 10- 7.17.8300,000

299,999 7 36 1 7 1 5 5 10 3 8 2 6 2 5 25- 13.614.4275,000

274,999 6 35 1 5 2 5 12 5 1 4 6 1 2 2 8- 11.09.0250,000

249,999 8 41 1 3 2 5 1 6 4 10 2 3 2 3 6 1 3 2 17- 13.214.4225,000

224,999 8 35 3 8 4 1 9 2 7 1 3 7 4 11- 11.312.6200,000

199,999 5 18 2 4 3 15 1 3 1 3 1 2 3- 6.96.6175,000

174,999 4 14 1 5 1 4 4 1- 4.03.0150,000

149,999 3 7 1 2 3 1 3 1 4- 2.73.00

65 326 11 30 6 39 3 22 25 92 11 42 1 9 2 15 53 6 20 23 84 4 1 5Total Units

38.9 44.8 6.6 4.1 3.6 5.4 1.8 3.0 15.0 12.6 6.6 5.8 .6 1.2 .3 9.0 7.3 3.6 2.7 13.8 11.5 .5 .6 .7100100Percentages

728167

2Victoria Real Estate Board Multiple Listing Service ®

Page 18: June 1st VREB Stats

CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD

Vic / VicW Oak Bay Esquimalt View Royal Saanich E Saanich W C Saanich N Saanich Sidney Highlands Colwood Langford Metchosin Sooke Gulf Is Other

Friday, June 01, 2012

May 2012Reported Sales By Price Range - Townhouse

Price Ranges

Min Max

Percentages

YTDCM

1 1- .31.41,000,000

999,999-975,000

974,999-950,000

949,999-925,000

924,999 2- .7900,000

899,999-875,000

874,999 1- .3850,000

849,999 1- .3825,000

824,999-800,000

799,999 1 1- .31.4775,000

774,999-750,000

749,999 1 1 1- .71.4725,000

724,999 1- .3700,000

699,999-675,000

674,999 1 1 1 1- 1.3650,000

649,999 1 1 1 1- 1.01.4625,000

624,999 1 1 2 1- 1.7600,000

599,999 3 1 1- 1.7575,000

574,999 4 1 1 1 2- 2.32.9550,000

549,999 1 1 1 1 3 1 3 1 2 1- 3.75.8525,000

524,999 3 6 1 3 1 1 1 1 1 1- 4.77.2500,000

499,999 1 2 1 1 2 1 1- 2.04.3475,000

474,999 6 4 4 1 1 1 1 1 1- 6.31.4450,000

449,999 3 2 7 1 7 1 2 1- 7.04.3425,000

424,999 3 3 2 7 2 4 1 2 1 2 1 2- 7.610.1400,000

399,999 1 5 2 4 1 1 5 2 3 1 4 2 4 4 2 6 1- 12.315.9375,000

374,999 4 1 2 2 2 1 6 1 2 1 2 18 1- 12.67.2350,000

349,999 2 5 4 2 5 1 3 3 1 2 4 1 6- 10.610.1325,000

324,999 3 1 1 3 2 5 1 2 1 1 2 9 1 3 1- 10.08.7300,000

299,999 1 1 1 1 2 2 1 1 3- 3.72.9275,000

274,999 1 1 1 4 1 2 2 6 1- 5.05.8250,000

249,999 2 1 1 2 3 1 3- 3.05.8225,000

224,999 1 1- .31.4200,000

199,999-175,000

174,999-150,000

149,999 1- .30

13 48 4 3 11 3 15 5 53 11 28 5 22 1 3 12 30 2 16 10 45 4 18 6 2Total Units

18.8 15.9 1.3 4.3 3.7 4.3 5.0 7.2 17.6 15.9 9.3 7.2 7.3 1.4 1.0 17.4 10.0 2.9 5.3 14.5 15.0 5.8 6.0 2.0 .7100100Percentages

30169

3Victoria Real Estate Board Multiple Listing Service ®

Page 19: June 1st VREB Stats

CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD CM YTD

Vic / VicW Oak Bay Esquimalt View Royal Saanich E Saanich W C Saanich N Saanich Sidney Highlands Colwood Langford Metchosin Sooke Gulf Is Other

Friday, June 01, 2012

May 2012Reported Sales By Price Range - Manufactured Homes

Price Ranges

Min Max

Percentages

YTDCM

-300,000

299,999-290,000

289,999-280,000

279,999 1- 1.6270,000

269,999-260,000

259,999 1- 1.6250,000

249,999 1- 1.6240,000

239,999 1 1- 1.68.3230,000

229,999 1 1- 1.68.3220,000

219,999 1- 1.6210,000

209,999 1 1- 3.1200,000

199,999 1 2- 4.7190,000

189,999 2 1 1- 4.78.3180,000

179,999 3 1- 6.3170,000

169,999 2 2 1 1- 7.88.3160,000

159,999 1- 1.6150,000

149,999 1- 1.6140,000

139,999-130,000

129,999 2 1 2 1- 7.88.3120,000

119,999 2 1 1 1 2- 9.48.3110,000

109,999 2 2 1 2 1 1- 7.833.3100,000

99,999 1 2 1- 6.390,000

89,999 1 1- 3.180,000

79,999 2- 3.170,000

69,999 1- 1.660,000

59,999 1 1 3 1- 7.88.350,000

49,999 2 1 1- 6.340,000

39,999 1- 1.630,000

29,999 1 1- 3.120,000

19,999 1 2- 3.18.30

1 10 4 16 1 7 2 14 1 9 2 4 1 4Total Units

8.3 15.6 33.3 25.0 8.3 10.9 16.7 21.9 8.3 14.1 16.7 6.3 8.3 6.3100100Percentages

6412

4Victoria Real Estate Board Multiple Listing Service ®