About Victoria's Central Saanich

Central Saanich BC, Real Estate Single Family Homes

Real Estate Market Update Jan.-Sept. 2011.

Peter and Linda Pfann, are Victoria, BC, Realtors assisting clients (both local and around the world) with buying, selling, investing and retiring in and around your Pfanntastic Greater Victoria, BC Canada Home since 1986 and we are pleased to provide you with the current market statistics for Single Family Homes in Central Saanich BC.

The Areas and Neighbourhoods Forming Central Saanich BC are :
Brentwood Bay, Inlet, Island View, Keating, Martindale, Oldfield, Saanichton, Tanner, Turgoose, Willis Point, Central Saanich..

Central Saanich BC is A Lovely Semi Rural Community about 20 Minutes from the Core of Greater Victoria Area on the Saanich Peninsula on Vancouver Island, with many Farming properties, the Saanich Fair Grounds, amazing Butchard Gardens, parks and Pfanntastic Places to call Home.

Summary Review of the Central Saanich BC Single Family Homes Graph's Provided:

• Compared to the same month Last Year (Slide 1) most Neighbourhoods in Central Saanich BC show that Median Prices are doing a bit of a flip flop dependent on the Neighbourhood. The Willis Point area remains the highest median priced area in Central Saanich BC. (some areas did not report enough sales to be included in this information).
  
• The Spread between Average list and sales Prices in Central Saanich BC (slide 2) Year to Date, are relatively substantial for some areas indicating that the more rural sellers need to really take note of their Realtors value Recommendations. (a spread of 1 to 3 % is considered a typical and healthy spread between asking and selling price, anything more is really harming the efforts to sell.
• The 3 year list to sale price average review for Central Saanich BC in Slide 4, indicates that the Central Saanich sales prices averages have recovered somewhat and are keeping the asking prices in line so far. We caution sellers to not get to optimistic in their expectations (as the Graph also shows) higher asking prices do not result in higher sales prices.
• With slide 5 one can clearly identify the end of the boom period in in 2008 and the sharp increase of inventory and overall decline in number of sales in Central Saanich BC, this relatively high spread is keeping prices level in Central Saanich BC and although Real Estate is being sold in typical numbers in the area, Inventory is remaining very high. (read Buyer Opportunities).
• The Last Slide Reviews the past 3 years listing inventory levels and projects the number of months worth of inventory available in Central Saanich BC. The Peeks and Valley seem to run parallel with the end of the month when most sales are recorded. With current inventory trends in Central Saanich we are nudging in a Buyers Market in Most of Central Saanich BC for single Family Homes at this time, However by the end of November Inventory will drop off substantially for the holidays, and we should return in to a balanced market for the area again.

The Central Saanich BC, property information included is very area specific, however we do not recommend to use this information to establish the value of your property, as there are just too many details that influence the value of any one property. We would encourage you to contact us for any specific Property Value Estimate Requirements you may have in Central Saanich BC.

This Central Saanich BC Market Update Report only covers Single Family Homes, for information about Condominiums, town-homes, Duplexes, investment properties and or any other property or ownership forms, please contact Peter and Linda Pfann, and it will be our pleasure to provide with any required market update information or use our Pfanntastic (online) Free Market Snapshot Tool (see details below the market update information.

• How Good are the Local Schools, a School Report Card Index by the Fraser Institute
• Are You considering Buying, Investing in, Selling, Real Estate in Central Saanich BC? Please use our FREE Central Saanich BC, MLS Market Update Service.
• Current Greater Victoria Real Estate Board Statistical Reports (courtesy VREB)
• Central Saanich BC, Resources (jobs, schools, health care, relocation, properties).
• Getting to know Central Saanich BC.
• Talk To Peter and Linda and ask Real Estate Question in total Confidence.

On our Live interactive map (at the bottom of this report) you will see some of the current Central Saanich BC properties for sale (this is just a snapshot and not intended to be a complete inventory). For a more complete available homes for sale index, we offer our Free Properties Search Services.

Central Saanich BC, Real Estate Single Family Homes

Real Estate Market Update Jan.-Sept. 2011.

Planning to buy, sell, upgrade, downsize, invest in real estate or relocate to Greater Victoria, and need information about your present or new area of choice?....... No Problem.
Peter and Linda Pfann now offer a FREE Pfanntastic Internet Service, keeping you informed about Greater Victoria Market Activity, includingnew listings, current and recent sales, price adjustments, statistics, graphs and a variety of additional handy real estate tools for your benefit. This absolutely Free no hassle service is completely customized to your specific requirements.
We call it Victoria Market Snapshot, and this amazing little tool will ask you a few questions, and provides you with an updated snapshot of the property type(s), location (s) and real estate market activity as per your requirements.
The Pfanntastic Victoria Market Snapshot Service is Free, The Information is Invaluable, Request Your Victoria Market Snap Shot Right Now!

October 7, 2011...

Canadian Bank Prime Rate is currently 3.00%.

CanEquity Mortgage is offering 2.99% APR on a 4 year fixed closed mortgage.

The Toronto Stock Exchange (TSX) was down 191.71 points closing at 11,588.36.

Canadian/US Dollar Exchange Rate dropped 5 points to close at .9631 USD.

1 Canadian Dollar = .9631 US Dollars.

"Central Saanich, a Perfect Farming Community

is a Pfanntastic Place to Call Home"

Every Week Peter and Linda Pfann take a quick reading of the Greater Victoria Real Estate Market (based on MLS information) for you. Below is our overview of the Victoria Real Estate Market over the past week.

The Vancouver Island BC Communities and Areas included in this information are:
Victoria, Saanich (East and West), Central Saanich, North Saanich, Sidney, Oak Bay, Esquimalt, View Royal, Highlands, Langford, Colwood, Metchosin, Sooke, Malahat.

Near the Bottom of this Greater Victoria Market update Report, you will find a selection of available properties for sale in the area, if you would like to receive regular updates about rea lestate activity in your area, or the area you would like to move to, please use our Free Market Snapshot Tool that offers you to receive highly personalized and detailed property and statistical information at your fingertips.

	New Listings	308
	Back On Market	19
	Added to Inventory (New Listings & Back on the Market) Total for the Week	+327
	Price Changed	212
	Sales Pending	104
	Sold	124
	Canceled Listings	78
	Expired Listings	82
	Inventory Removed (Canceled, Expired, Pending & Sold) Total for the Week.	-392
	Inventory Change for the week	-65

Once Again we see the return to a reducing of the inventory, for 11 out of 12 weeks in the past 3 months We believe last week was just a minor glitch in an otherwise slowly improving and strengthing marketplace, for most areas and property types in and around Greater Victoria.

The balance and confidence in the Greater Victoria real estate market is returning.There are still segments in the real estate market that are a bit softer than others, but clearly we can now truly talk about a real estate recovery in and around Greater Victoria for most property types and locations.

In our conversations with agents, buyers and sellers there appears to be an overal sense that buyers and sellers are expecting or planning to be moving before the holidays. We are starting to see increased viewings and showings on active listings to kick off the Fall selling season.With interest rates stable and not likely to move any direction for the next little while, we can actually see confidence and desire to move return and improve on a daily base.

We anticipate that this will result in further increased sales results between now and the end of November even early December. If you are planning of being settled in before the holidays this is the time to start thinking about taking action......

Notes on our Weekly Review statistical information:

• If The Number of Properties Removed from the Market Exceeds the New Inventory for a longer period of time (3-4+ months) the market is active, and prices will level and eventually increase.
• When The Number of Properties Added to the Inventory Exceeds the Number of Properties Removed from the inventory for a longer period of time (3-4+ months), the market is slowing down and prices will remain level or likely reduce.
• Monitor our Victoria Real Estate Daily Market Watch over a period of time and you can easily see how the Victoria Real Estate Market is progressing.
• As always it is nearly impossible to apply the generalities of the entire market place to your particular personal situation, we encourage you to always best to consult with your local real estate specialist (in Greater Victoria that would be Peter and Linda Pfann off course). It would be our pleasure and privilege to review and discuss all your plans, dreams and options, in total confidence and without obligations.

Here is a link to the Victoria Real Estate Board Statistical Reports, and published every month.

Planning to buy, sell, upgrade, downsize, invest in real estate or relocate to Greater Victoria, and need information about your present or new area of choice?....... No Problem.
Peter and Linda Pfann now offer a FREE Pfanntastic Internet Service, keeping you informed about Greater Victoria Market Activity, includingnew listings, current and recent sales, price adjustments, statistics, graphs and a variety of additional handy real estate tools for your benefit. This absolutely Free no hassle service is completely customized to your specific requirements.
We call it Victoria Market Snapshot, and this amazing little tool will ask you a few questions, and provides you with an updated snapshot of the property type(s), location (s) and real estate market activity as per your requirements.
The Pfanntastic Victoria Market Snapshot Service is Free, The Information is Invaluable, Request Your Victoria Market Snap Shot Right Now!

Greater Victoria Real Estate Listing & Sales Activity