Sooke 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 Sooke BC.
The Areas and Neighbourhoods Forming Sooke BC are :
North Sooke, Becher Bay, Billings Spit, Broomhill, East Sooke, French Beach, John Muir, Jordan River, Kemp Lake, Otter Point, Port Renfrew, Saseenos, Sherringham Point, Sooke River, Sooke Village Core, West Coast Rd. and Whiffin Spit, Sooke BC.
Sooke BC is A Lovely Semi Rural Community about 45 Minutes from the Core of Greater Victoria Area on Vancouver Island, with many lovely beaches, parks and Pfanntastic Places to call Home.
Summary Review of the Sooke BC Single Family Homes Graph's Provided:
- Compared to the same month Last Year (Slide 1) most Neighbourhoods in Sooke BC show that Median Prices are doing a bit of a flip flop dependent on the Neighbourhood. The East Sooke area remains the highest median priced area in Sooke BC. (some areas did not report enough sales to be included in this information).
- The Spread between Average list and sales Prices in Sooke BC (slide 2) Year to Date, are relatively substantial for most areas indicating that 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 Sooke BC in Slide 4, indicates that the Sooke sales prices averages have not recovered (yet) and are now pulling the asking prices down. 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 Sooke BC, this relatively high spread is keeping prices level and on the decline in Sooke 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 Sooke 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 Sooke we are in a Buyers Market in Most of Sooke BC for single Family Homes at this time, However by the end of November Inventory will drop off substantially for the holidays.
The Sooke 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 Sooke BC.
This Sooke 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.
On our Live interactive map (at the bottom of this report) you will see some of the current Sooke 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.
Sooke 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!
The Sooke BC,
