Pre-owned Victoria Condo Market Report - December 2008

A couple of days ago I did a year-end report on single family market activity. This is a corresponding report for condominiums in the core area of Victoria (defined as (Victoria, Oak Bay, Esquimalt, View Royal, and Saanich).This report follows essentially the same format as my report on Victoria condo properties for end-November.

Chart 1 shows cumulative listings and sales for the past two years: there are no big surprises here compared with last month: both the 12-month figure for listings and sales drifted slightly lower (sales, to 1,173 from 1,196; and listings to 1,636 to 1,653) from a month earlier).

Chart 2 compares the most recent three month totals with the corresponding figures for the previous two years. Again, nothing significantly new here.

Chart 3 demonstrates that the year-over-year increase in listings (up 227 or about 11% from 2007) and decrease in sales (down 463 or about 28% from 2007) was not a sudden ...

Read on for the complete report on Victoria BC Residential Real Estate Single Family Homes Sales Activity for December 2008

Bye for now,