Saanich WEST 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 Saanich WEST BC.
The Areas and Neighbourhoods Forming WEST Saanich BC Are:
Beaver Lake, Elk Lake, Glanford, Gorge, Granville, Interurban, Layritz, Marigold, Northridge, Portage Inlet, Prospect Lake, Royal Oak, Rudd Park, Strawberry Vale, Tillicum, West Saanich
Saanich WEST is Part of the District Of Saanich, and is Geographically the largest Municipality in the Greater Victoria Area on Vancouver Island.
Summary Review of the Saanich WEST Single Family Homes Graph's Provided
- Compared to the same month Last Year (Slide 1) most Neighbourhoods in Saanich WEST show that Median Prices are holding, with a few extremes (often caused by some sales having either very high or very low prices) The Elk Lake remains the highest median priced area in Saanich WEST.
- The Spread between Average list and sales Prices in Saanich WEST (slide 2) Year to Date, are very close Year to Date, for most areas indicating that sellers are really taking note of their Realtors Recommendations. The huge gabs in Elk Lake and Prospect Lake Area is due to a few very high priced listings that remain on the market, and are skewing their averages
- The 3 year list to sale price average review for Saanich WEST in Slide 4, clearly indicates that the current very small spread between asking and sale price averages will likely be followed by a relatively sharp rise in asking prices over the next while, and 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 Saanich East, this relatively high spread is keeping prices level and although Real Estate is being sold in good numbers in Saanich West Inventory is remaining vey 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 Saanich WEST. After some declines in inventory earlier this year, we are clearly in a Buyers Market in Most of Saanich West for single Family Homes at this time, provided sales are remaining at current leves, we will return to a balanced market soon..
The Saanich WEST 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 Saanich WEST.
This Saanich WEST 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.
On our Live interactive map (at the bottom of this report) you will see some of the current Saanich WEST 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
Saanich WEST 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!
July 30 to Jan 12 
