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VREB - 2013 Sales Data (Greater Victoria REB)
07-10-2013, 04:48 PM, (This post was last modified: 07-11-2013, 04:39 AM by Skook.)
VREB - 2013 Sales Data (Greater Victoria REB)
The data in this post will cover all the months in 2013 to date, so there is quite a bit of information here.

In its monthly stats, the VREB includes single family waterfront sales in its ‘Greater Victoria’ and ‘Other Areas’ totals. As a result, the average price for single family homes sales is skewed upwards. Therefore, I have separated the data into two groups, SFH Non-waterfront sales and SFH Waterfront Sales. This meant I had to recalculate the averages prices for the Non-waterfront properties and that info is in the large table at the bottom of the image below along with the breakdown of the areas included in ‘Greater Victoria’ and ‘Other Areas’ and their total sales for each month of 2013.

The VREB also includes Condominium, Townhome and Manufactured Homes sales data for each month; however, should anyone need that info you will have to pursue it on your own.

[Image: attachment.php?aid=276]

The table below gives total sales for each month and compares those sales to the same month in 2012 and 2011.

[Image: attachment.php?aid=277]

Finally, here is a bit of colour to make the post interesting.

[Image: attachment.php?aid=278]

Overall, it looks like sales within the VREB's jurisdiction are doing well this year. Where there might be change is with the sales price; unfortunately, I haven't the time to pursue 2012 and 2011 data for comparison.

I think the most dramatic drop in sales is occurring in the VIREB jurisdiction and I will be tackling that data next - once my brain heals. Big Grin

June 11, 2013 Update:

With sober second thought and a night's sleep behind me, I have come to the conclusion I should stick with just putting the data up and not trying to interpret it - sorry, I am new to this and I will be the first to admit I stink at math (and obviously statistics).

When I said in my closing remarks yesterday that sales look like their doing well this year, I was obviously looking at all the the green "+" percentage numbers on a month to month basis for 2013. However, in that very first table above that gives the 'Year-to-Date' figure for sales from January to June one can see that this year's sales are already 5% less than last year and if you go back to the historical sales data that I posted the other day the sales for 2012 hit nearly a 20 year low. So, at this pace, 2013 sales should be even worse. June 2013 sales may indicate the peak was reached in May so it will be interesting to watch how the rest of the year unfolds.

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VREB - 2013 Sales Data (Greater Victoria REB) - by Skook - 07-10-2013, 04:48 PM

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