Todays blog is to update the reader on the latest homes stats for April and May of 2008 which have been made available by, "The Vancouver Island Real Estate Board which is an association of REALTORS committed to providing its members with the structure and services to ensure a high standard of business practice and ethics, and to effectively serve the real estate needs of the community."1
"Properties may be searched on the Internet through http://www.mls.ca/ This information is usually updated each business day. VIREB cautions that average price information can be useful in establishing trends over time, but does not indicate the actual pricesin centers comprised of widely divergent neighborhoods or account for price differential between geographic areas."2
The Stats for April and May 2008 definitely show the same amount of listings coming to the market as last year this time but the sales have been behind by nearly 48% for the same period.
Below are the Stats as provided by Vireb
ZONE - COWICHAN VALLEY
UNIT SALES - MAY 08 - 64
UNIT SALES - APRIL 08 - 73
UNIT SALES - MAY 07 - 122
AVERAGE SALE PRICE - MAY 08 - $378,968 -- APRIL 08 - $382,792 -- MAY 07 - $347,678
% MEDIAN PRICE - $379,900
% OF CHANGE - 9%
NOTE* "Source: Multiple Listing Service® (MLS®) sales data from the Vancouver Island Real Estate Board.Median Price: An actual sale at or immediately adjacent to the midpoint in a price group. In the case of an even number of sales, the median is thehighest price in the lower half of that price group. If the total number of sales is an odd amount, the midpoint sale is taken to be the median."3
Now that summer is here and the weather is improving the sales figures should correct and the stats will reflect that in the next Board Stat update which we will post on the blog as soon as it posted. Check back soon.
Best Regards,
The Debbie Simmonds Lifestyles Real Estate Team
1 VIREB
2008. June 1, 2008 MLS Sales Summary, April-May 2008. Nanaimo: Vancouver
Island Real Estate Board: Multiple Listing Service.
2 VIREB
2008. June 1, 2008 MLS Sales Summary, April-May 2008. Nanaimo: Vancouver
Island Real Estate Board: Multiple Listing Service.
3 VIREB
2008. June 1, 2008 MLS Sales Summary, April-May 2008. Nanaimo: Vancouver
Island Real Estate Board: Multiple Listing Service.
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---ABIGAIL ADAMS - 1780
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