directors jackie adkins cheryl woolley sheila aujla · turn puts pressure on pricing for homes in...

VICTORIA REAL ESTATE BOARD 3035 Nanaimo Street Victoria, BC V8T 4W2

T 250.385.7766 F 250.385.8773 www.vreb.org www.openhousesvictoria.ca

November 1, 2019

Victoria Real Estate market impacted by low inventory, consistent demand

A total of 619 properties sold in the Victoria Real Estate Board region this October, 3.5 per cent more than the 598 properties sold in October 2018 and a 0.5 per cent increase from September 2019. Sales of condominiums were down 1.1 per cent from October 2018 with 178 units sold. Sales of single family homes increased 10 per cent from October 2018 with 318 sold.

“This month’s overall numbers are very similar to the numbers we saw last year," says Victoria Real Estate Board President Cheryl Woolley. “It’s interesting that last month we saw a large uptick in condo sales, but this month is fairly flat when compared to last year. This shows that we are not yet seeing a trend in property types.”

There were 2,643 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2019, a decrease of 6.4 per cent compared to the month of September, but a 5.3 per cent increase from the 2,510 active listings for sale at the end of October 2018.

“There has been a slight increase in our inventory from October last year,” adds Woolley. “The current inventory is likely not enough for home buyers to feel they have a lot more to choose from - which in turn puts pressure on pricing for homes in desirable locations and price points. It’s not uncommon to see multiple offers in many of our market segments. Your local Realtor will be able to help you understand the intricacies of our current market and what you can expect at the time you decide to buy or sell a home."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in October 2018 was $878,900. The benchmark value for the same home in October 2019 decreased by 2.4 per cent to $857,700, slightly more than September’s value of $846,500. The MLS® HPI benchmark value for a condominium in the Victoria Core area in October 2018 was $503,200, while the benchmark value for the same condominium in October 2019 increased by 1.7 per cent to $511,600, the same as September’s value.

About the Victoria Real Estate Board – Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,390 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market.

Contact: Denise Hogue, Communications Manager - [email protected], 250-920-4652

PRESIDENT Cheryl Woolley PRESIDENT ELECT & TREASURER Sandi-Jo Ayers PAST PRESIDENT Kyle Kerr

DIRECTORS Jackie Adkins Sheila Aujla Karen Dinnie-Smyth David Langlois Andrew Plank Graden Sol EXECUTIVE OFFICER David Corey

01-Nov-2019October 2019Previous Periods Comparison of Unit Sales, Average Prices and Median Prices

Sales by Property Type

Single Family Greater Victoria Single Family Other Areas Single Family Total All Areas Condo Apartment Row/Townhouse Manufactured Home Total Residential Total Sales

Active Listings

Units Median$Average$LY%LM% LY%LM% LY%LM% Units Median$Average$ Units Median$Average$2019 - October

279

1787512

583

318

619

39

2,643

249

2217611

590

282

616

33

2,823

252

1807016

555

289

598

37

2,510

$920,058

$454,855$622,860$232,658

$891,710$688,910

$822,450

$420,000$580,000$236,200

$799,500$645,000

$905,964

$446,740$588,287$184,832

$887,663$749,576

$820,000

$412,000$546,975$145,000

$799,900$615,000

$921,133

$461,976$638,160$250,813

$883,987$630,995

$829,000

$420,000$578,500$255,000

$799,900$525,500

12.0%

-19.5%-1.3%9.1%

-1.2%

12.8%

0.5%

18.2%

-6.4%

10.7%

-1.1%7.1%

-25.0%5.0%

10.0%

3.5%

5.4%

5.3%

1.6%

1.8%5.9%

25.9%

0.5%-8.1%

-0.1%

-1.5%-2.4%-7.2%

0.9%9.2%

0.3%

1.9%6.0%

62.9%

-0.1%4.9%

-0.8%

0.0%0.3%

-7.4%

-0.1%22.7%

2019 - September 2018 - October

LegendUnits: net number of listings soldLM%: percentage change since Last MonthLY%: percentage change since This Month Last YearAverage$: average selling priceMedian$: median selling priceActive Listings: total listings on the market at midnight on the last day of the month

This Month Last Month This Month Last Year

1Victoria Real Estate Board Multiple Listing Service ®

October 2019Statistics Package for Media

Victoria Real Estate Board October 2019 Statistics

Previous Periods Comparison of Unit Sales, Average Prices and Median Prices

Previous Periods Comparison of MLS® HPI Benchmark Prices and MLS® HPI Index Values

Friday, November 01, 2019

Sales to Active Listings Ratio

This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of the last 25 months.The active listing count and the sales count can be viewed as indicators of housing supply and demand respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is downward pressure on prices, and a "sellers' market", where there is upward pressure on prices.

- below 10%, there is downward pressure on prices (buyers' market) - above 25%, there is upward pressure on prices (sellers' market) - in the 15-20% range, there is little pressure on prices either way (balanced market)


Total new MLS® listings and total MLS® sales for entire district


The Victoria Real Estate Board uses the MLS® Home Price Index (MLS® HPI) to report on market trends. The MLS® HPI uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area.

Through the analysis of over ten years of Victoria Real Estate Board MLS® sales data, the MLS® HPI defined benchmark homes for Victoria in each category (single family homes, townhouses, condos) and for each neighbourhood. The benchmark starting point was 2005, where each type of property and neighbourhood was assigned an index value of 100.

MLS® HPI benchmark and value - Single Family Homes


MLS® HPI benchmark and value - Condominium / Apartments

Victoria Real Estate Board October 2019 StatisticsVictoria Real Estate Board October 2019 Statistics

Note:Areaswithinsufficientdatadonotgeneratestatisticsandarenotincludedinthedashboard.

Source:VictoriaRealEstateBoard

October2019 1MonthAgo 3MonthsAgo 6MonthsAgo 12MonthsAgo 3YearsAgo 5YearsAgo January2005

VictoriaREB–SF-All

Victoria–SF-All

VictoriaWest–SF-All

OakBay–SF-All

Esquimalt–SF-All

ViewRoyal–SF-All

SaanichEast–SF-All

SaanichWest–SF-All

Sooke–SF-All

Langford–SF-All

Metchosin–SF-All

Colwood–SF-All

Highlands–SF-All

NorthSaanich–SF-All

Sidney–SF-All

CentralSaanich–SF-All

MLMalahat&Area–SF-All

GIGulfIslands–SF-All

$959,100 $958,100 $957,600

$951,800 $951,300

$940,100 $938,600

$933,100 $912,200$912,200

$895,900$875,400 $871,100 $864,400$858,900

$853,900 $852,600

$850,200

$849,100$838,600

$836,100

$833,800

$831,700 $829,500

$828,000

$823,900

$783,900

$778,800

$766,700

$766,600$765,600

$757,400$756,300 $756,000

$755,700

$755,100

$754,400$754,400

$753,800

$751,300

$747,800

$744,900 $744,600$744,200 $742,800

$742,400

$741,900

$735,700

$734,600

$734,400

$734,200

$699,200$698,200

$682,300

$679,600

$676,600$673,200

$672,500

$671,600 $669,300

$665,800

$665,600

$665,600

$665,200$657,300

$656,400

$652,600

$650,500

$650,500

$650,300

$649,200

$641,400

$640,900

$640,600

$638,100

$637,500

$630,400

$630,200

$628,400

$628,200

$613,800

$611,600

$602,200

$585,400

$582,200 $580,800

$579,900

$577,500

$576,800

$571,800 $567,800 $558,500

$557,800

$552,000

$551,400

$544,100 $543,300$542,500 $539,300

$537,300

$525,200$517,900

$514,400

$513,900

$510,700

$509,800$504,500

$496,300

$487,300

$479,900

$478,400

$455,400

$447,100

$442,700

$441,300

$437,700

$425,600

$419,600

$413,200

$408,700

$394,500

$387,300

$371,000

$370,800

$356,900

$356,300

$347,200

$343,000

$332,600

$330,500

$329,900

$321,500

$308,000

$292,400

$291,500

$284,200

$282,300

$264,900

$1,286,600$1,212,600$1,184,500$1,177,900 $1,155,800 $1,093,400

BenchmarkPricebyTimeframeandPropertyType

ValueorpercentchangeValuePercentchange

HPIorBenchmarkPriceHPIBenchmarkPrice

1.AreaGroupVREBDistrictSummary

3.Area/PropertyTypeSelectionAll

2.PropertyTypeSingleFamily-All(SF-All)




VictoriaREB–SF-All

Victoria–SF-All

VictoriaWest–SF-All

OakBay–SF-All

Esquimalt–SF-All

ViewRoyal–SF-All

SaanichEast–SF-All

SaanichWest–SF-All

Sooke–SF-All

Langford–SF-All

Metchosin–SF-All

Colwood–SF-All

Highlands–SF-All

NorthSaanich–SF-All

Sidney–SF-All

CentralSaanich–SF-All

MLMalahat&Area–SF-All

GIGulfIslands–SF-All

240.1 238.1236.9234.2

233.1

229.3

229.1

228.9

228.7228.7

227.5

227.1

226.7

225.5

224.8

224.3 223.7

223.2

222.6

222.2

221.9

220.8

220.8

220.5

219.7

219.1

219.1

217.7

217.5 217.1

215.6

214.8

214.6

213.7

213.4

212.6212.3 212.2

211.4

211.2

210.9

210.8

210.2209.9

209.4

209.2

209.0 208.9

208.7 208.6208.5

208.4

208.1

207.1

207.0

206.2

206.0

205.7

205.4 205.1

204.9

204.8

204.6

204.2

203.6

202.5

202.3

201.9 201.2

201.1

200.3200.3

200.1

199.3

198.7

198.4

198.1

197.8

197.5

196.8 196.6 196.5

195.1 194.8

194.0

194.0

192.9 192.6

191.6

190.5

190.5

189.2

183.8

180.4

180.2

179.9

179.7

177.7 174.9173.1

169.9

167.8

167.7

165.8

161.3

156.3

156.0

146.2

145.5

144.9

144.1

143.8

143.5

141.1

139.3

138.2

137.8

137.7

137.6

134.4

134.3

132.9

131.4

129.5

128.9

113.4 100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

HPIbyTimeframeandPropertyType









VictoriaREB–Con

Victoria–Con

VictoriaWest–Con

OakBay–Con

Esquimalt–Con

ViewRoyal–Con

SaanichEast–Con

SaanichWest–Con

Langford–Con

Colwood–Con

Sidney–Con

CentralSaanich–Con

$793,000 $790,000 $786,900$779,800 $774,100 $666,700

$618,200 $617,700$599,500 $594,100 $577,200

$511,000 $502,400$501,000$500,300

$499,300$497,800 $497,200

$494,800

$492,800 $490,000

$489,600

$488,800

$488,600

$488,500

$486,400

$483,100

$480,500 $476,100

$475,100

$474,400

$474,300

$473,400$470,500

$468,400$468,200 $462,100

$448,400 $448,100$445,700 $442,100 $435,800

$429,800$429,700$429,300$427,700

$426,400 $424,900 $424,600 $422,800 $422,600

$421,600

$404,800$399,300$398,100$396,800 $396,700

$394,500

$382,900

$375,400

$364,800 $363,400$360,600 $356,700

$351,800

$350,200

$338,900

$338,800

$328,800

$318,300

$317,500

$315,700

$315,600

$306,800

$299,300

$299,200

$296,400

$296,300

$284,600

$277,200

$272,500

$255,700

$253,000

$252,500

$249,700

$247,900

$210,400

$205,500

$205,300

$201,800

$191,100

$179,300

$176,600

$169,700

$162,500

$155,700






2.PropertyTypeCondoApartment(Con)




VictoriaREB–Con

Victoria–Con

VictoriaWest–Con

OakBay–Con

Esquimalt–Con

ViewRoyal–Con

SaanichEast–Con

SaanichWest–Con

Langford–Con

Colwood–Con

Sidney–Con

CentralSaanich–Con

264.3 264.1262.7

262.4 261.5 261.3

260.6

260.2 260.1

256.9

255.6

248.7

248.6245.1245.0

244.5

244.3 244.1

243.8243.5

242.6 242.1

241.8

240.8

239.7239.6239.4238.5

238.1

238.1

237.3

236.9

236.6 236.3

235.9

235.3

235.1

235.0

234.8

234.3

234.2

234.1

233.4

233.2

232.9

232.3

231.6

231.1 230.6

230.2

229.2

229.2

229.1

228.5

228.1

226.1225.4

224.9

224.7 224.6

197.0

196.8

195.9

186.1

184.1

182.7

182.0

176.0

169.4

165.1

164.2

162.9

155.9

154.6

153.7

150.9

146.1

144.4

144.2

143.6

143.0

142.6

141.0

118.3

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0










VictoriaREB–Twn

Victoria–Twn

VictoriaWest–Twn

Esquimalt–Twn

ViewRoyal–Twn

SaanichEast–Twn

SaanichWest–Twn

Sooke–Twn

Langford–Twn

Colwood–Twn

Sidney–Twn

CentralSaanich–Twn

MLMalahat&Area–Twn

GIGulfIslands–Twn

$749,200$735,200$725,600 $723,900$718,800

$675,700$671,200$661,100 $658,600

$635,700

$632,900$632,600 $632,100$631,800

$631,600

$631,500

$626,700

$625,700

$623,700

$623,500

$622,700

$621,000 $619,000$610,500

$607,900

$606,600

$602,800

$602,200 $601,900

$599,200

$594,300 $593,100

$590,600

$587,200

$586,000 $578,800

$578,500$572,600

$571,800

$567,500

$566,900

$566,700

$561,000$555,800

$554,200

$552,100

$546,000

$545,500

$534,900

$532,300

$529,800

$525,200

$521,300

$520,500

$518,400

$515,300

$511,100 $509,300

$508,500

$505,500

$502,400$502,100 $497,400$496,600

$496,200

$493,600

$490,600

$487,600

$487,300

$485,600

$483,400

$480,600

$476,800

$474,700

$473,700

$471,700$468,100$463,500$455,500

$434,300

$424,400

$419,400

$414,700

$412,000

$409,200

$404,800

$399,600

$394,900

$393,300

$390,100

$379,200

$377,900

$353,100

$344,100

$341,000

$337,600

$336,800

$334,600

$331,300

$319,800

$287,700

$281,400

$269,600

$268,800

$266,100

$261,500

$256,100

$250,100

$247,600

$245,500

$241,900

$234,700






2.PropertyTypeTownhouse(Twn)




VictoriaREB–Twn

Victoria–Twn

VictoriaWest–Twn

Esquimalt–Twn

ViewRoyal–Twn

SaanichEast–Twn

SaanichWest–Twn

Sooke–Twn

Langford–Twn

Colwood–Twn

Sidney–Twn

CentralSaanich–Twn

MLMalahat&Area–Twn

GIGulfIslands–Twn

272.9271.1267.0 266.0 255.1

250.2 249.3 248.3 247.5244.1

241.8 239.0236.8 235.2

229.1

227.9

225.7

223.6

222.9

222.2

220.0219.9 219.7

219.7

219.6219.5

219.1

218.0

217.1

216.8

215.6

215.3

214.6

214.3

214.0 213.9

212.8

212.7

212.4

212.3

212.0

211.2

210.9

210.8

210.8

210.2

210.2

209.9

208.7

205.9

199.1

196.8

192.1

192.1

192.0

191.4

190.2

190.0

189.9

189.4

187.6

187.3 186.4 186.1

185.5

185.4184.2182.8

181.7

181.2

181.0

179.3

179.2

178.8

178.7

177.9

177.9

176.9

173.3

171.4

166.4

153.8

151.1

151.0

148.3

148.1

147.5

146.6

146.3

144.7

142.4

142.0

139.2

137.5

132.7

126.7

124.9

121.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0









VictoriaREB–SF-All Core–SF-All Westshore–SF-All Peninsula–SF-All

SelectDateRange:Allvalues

Jan2005

Jan2006

Jan2007

Jan2008

Jan2009

Jan2010

Jan2011

Jan2012

Jan2013

Jan2014

Jan2015

Jan2016

Jan2017

Jan2018

Jan2019

Jan2020

Ben

chm

ark

Pric

e($

)

300,000

400,000

500,000

600,000

700,000

800,000

900,000

BenchmarkPricePerformanceoverTime

1.AreaGroupVREBAreaSummary

3.Area/PropertyTypeSelectionMultiplevalues



Showhistoricallabelsforcurrentmonth?(1,2,3,5,7,10yearsago)

NoYes



VictoriaREB–Con Core–Con Westshore–Con Peninsula–Con


Jan2005

Jan2006

Jan2007

Jan2008

Jan2009

Jan2010

Jan2011

Jan2012

Jan2013

Jan2014

Jan2015

Jan2016

Jan2017

Jan2018

Jan2019

Jan2020

Ben

chmarkPrice($)

200,000

250,000

300,000

350,000

400,000

450,000

500,000







NoYes



VictoriaREB–Twn Core–Twn Westshore–Twn Peninsula–Twn


Jan2005

Jan2006

Jan2007

Jan2008

Jan2009

Jan2010

Jan2011

Jan2012

Jan2013

Jan2014

Jan2015

Jan2016

Jan2017

Jan2018

Jan2019

Jan2020

Ben

chmarkPrice($)

250,000

300,000

350,000

400,000

450,000

500,000

550,000

600,000

650,000







NoYes



VictoriaREB–SF-All VictoriaREB–Twn VictoriaREB–Con


Jan2005

Jan2006

Jan2007

Jan2008

Jan2009

Jan2010

Jan2011

Jan2012

Jan2013

Jan2014

Jan2015

Jan2016

Jan2017

Jan2018

Jan2019

Jan2020

Ben

chm

ark

Pric

e($

)

200,000

300,000

400,000

500,000

600,000

700,000




2.PropertyTypeMultiplevalues



NoYes

Monthly Sales SummaryFriday, November 1, 2019

Units Total Volume

October 2019

Region

District

ResidentialSingle Familyl

Greater Victoria

Victoria 33 $30,537,750

Victoria West 1 $699,900

Oak Bay 26 $32,905,800

Esquimalt 9 $6,728,000

View Royal 5 $3,409,227

Saanich East 57 $51,783,050

Saanich West 18 $14,113,500

Central Saanich 8 $8,139,500

North Saanich 16 $14,871,536

Sidney 11 $8,530,000

Colwood 17 $13,062,500

Langford 33 $25,350,160

Metchosin 4 $5,378,750

Sooke 24 $14,609,000

Waterfront (all districts) 17 $26,577,500

Total Greater Victoria 279 $256,696,173

Other Areas

Shawnigan Lake / Malahat 7 $3,836,000

Gulf Islands 16 $11,277,500

UpIsland / Mainland 11 $6,288,500


Total Other Areas 39 $26,867,500

Total Single Family 318 $283,563,673

Condo Apartmentl

Greater Victoria

Victoria 77 $34,327,350

Victoria West 8 $4,376,000

Oak Bay 2 $806,000

Esquimalt 7 $2,468,300

View Royal 13 $5,688,795




Sidney 5 $2,796,900

Colwood 4 $1,829,000

Langford 16 $6,540,100



Other Areas

UpIsland / Mainland 1 $172,000

Total Other Areas 1 $172,000

Total Condo Apartment 178 $80,964,145



Units Total Volume

October 2019

Region

District

Row/Townhousel

Greater Victoria

Victoria 22 $15,311,400

Victoria West 2 $1,147,000

Esquimalt 2 $950,000

View Royal 3 $1,924,900




Sidney 8 $4,312,900

Colwood 5 $2,686,400

Langford 8 $4,045,400

Sooke 2 $1,004,100



Other Areas

UpIsland / Mainland 1 $305,000

Total Other Areas 1 $305,000

Total Row/Townhouse 75 $46,714,513

Manufactured Homel

Greater Victoria

View Royal 4 $985,500


Langford 1 $154,000

Sooke 2 $235,000


Total Manufactured Home 12 $2,791,900

Total Residential 583 $414,034,231



Units Total Volume

October 2019

Region

District

Grand Totals 619 $430,051,053

2 $1,244,500Commercial Landl

15 $9,061,077Other Commercial Propertiesl

Other Property

Lots & Acreage (Incl Wtrfrnt)l

Greater Victoria

Langford 4 $1,606,045

Metchosin 1 $875,000

Sooke 8 $1,785,700


Other Areas

Gulf Islands 6 $1,444,500

Total Other Areas 6 $1,444,500

Total Lots & Acreage (Incl Wtrfrnt) 19 $5,711,245


Active Listings, New Listings and Sales October 2019Friday, November 01, 2019

1,200

1,400

1,600

1,800

2,000

2,200

2,400

2,600

2,800

3,000

3,200

3,400

3,600

3,800

4,000

Oct

201

7

Nov

201

7

Dec

201

7

Jan

2018

Feb

2018

Mar

201

8

Apr 2

018

May

201

8

Jun

2018

Jul 2

018

Aug

2018

Sep

2018

Oct

201

8

Nov

201

8

Dec

201

8

Jan

2019

Feb

2019

Mar

201

9

Apr 2

019

May

201

9

Jun

2019

Jul 2

019

Aug

2019

Sep

2019

Oct

201

9

Total Active MLS® Listings

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

Oct

201

7

Nov

201

7

Dec

201

7

Jan

2018

Feb

2018

Mar

201

8

Apr 2

018

May

201

8

Jun

2018

Jul 2

018

Aug

2018

Sep

2018

Oct

201

8

Nov

201

8

Dec

201

8

Jan

2019

Feb

2019

Mar

201

9

Apr 2

019

May

201

9

Jun

2019

Jul 2

019

Aug

2019

Sep

2019

Oct

201

9

Total New MLS® Listings and Total MLS® Sales

Listings Sales

Victoria Real Estate Board Multiple Listing Service ®

Sales to Active Listings Ratio October 2019Friday, November 01, 2019

10%

20%

30%

40%

50%

60%

70%

80%

90%

Oct

201

7

Nov

201

7

Dec

201

7

Jan

2018

Feb

2018

Mar

201

8

Apr 2

018

May

201

8

Jun

2018

Jul 2

018

Aug

2018

Sep

2018

Oct

201

8

Nov

201

8

Dec

201

8

Jan

2019

Feb

2019

Mar

201

9

Apr 2

019

May

201

9

Jun

2019

Jul 2

019

Aug

2019

Sep

2019

Oct

201

9

Victoria Real Estate Board Multiple Listing Service ®

The Sales to Active Listings Ratio

This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of the last 25 months.

The active listing count and the sales count can be viewed as indicators of housing supply and demand respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is sustained downward pressure on prices, and a "sellers' market", where there is sustained upward pressure on prices.

Based on a regression analysis performed by the Economics Department of the BC Real Estate Association in each market area of the province, the Sales to Active Listings Ratio for Victoria can be interpreted as follows:

- below 14%, there is downward pressure on prices (buyers' market)- above 20%, there is upward pressure on prices (sellers' market)- in the 14-20% range, there is little pressure on prices either way (balanced market)

Monthly Comparative Activity By Property Type November 1, 2019

October 2019

Current Month

This Year % ChangeLast Year

Year To Date


Single Family - Residential

Units Listed 353

Units Sold 264

Sell/List Ratio 75

Sales Dollars $221,589,523

Average Price / Unit $839,354

Price Ratio 98

Days To Sell 52

Active Listings at Month End 816

%

%

405

244

60

$205,558,062

$842,451

98

40

885

%

%

-13

8

8

0

30

-8

%

%

%

%

%

%

4716

2692

57

$2,223,835,865

$826,091

98

42

%

%

4781

2658

56

$2,243,177,406

$843,934

99

34

%

%

-1

1

-1

-2

25

%

%

%

%

%

Single Family - Residential Waterfront

Units Listed 27

Units Sold 22

Sell/List Ratio 81


Average Price / Unit $1,456,500

Price Ratio 95

Days To Sell 92


%

%

30

14

47

$24,914,297

$1,779,593

89

65

147

%

%

-10

57

29

-18

42

16

%

%

%

%

%

%

412

162

39

$214,755,532

$1,325,651

95

87

%

%

392

149

38

$243,924,138

$1,637,075

94

71

%

%

5

9

-12

-19

23

%

%

%

%

%

Single Family - Residential Acreage

Units Listed 40

Units Sold 21

Sell/List Ratio 53



Price Ratio 96

Days To Sell 94


%

%

38

22

58

$18,964,000

$862,000

96

54

143

%

%

5

-5

8

13

73

17

%

%

%

%

%

%

479

222

46

$212,595,041

$957,635

96

76

%

%

498

260

52

$253,168,283

$973,724

97

57

%

%

-4

-15

-16

-2

33

%

%

%

%

%

Condo Apartment

Units Listed 276

Units Sold 178

Sell/List Ratio 64



Price Ratio 98

Days To Sell 45


%

%

253

180

71

$83,155,700

$461,976

98

33

405

%

%

9

-1

-3

-2

37

43

%

%

%

%

%

%

3128

1916

61

$889,736,373

$464,372

98

40

%

%

2785

1907

68

$889,481,768

$466,430

99

27

%

%

12

0

0

0

48

%

%

%

%

%



October 2019

Current Month


Year To Date


Row/Townhouse

Units Listed 102

Units Sold 75

Sell/List Ratio 74



Price Ratio 98

Days To Sell 45


%

%

105

70

67

$44,671,200

$638,160

98

52

211

%

%

-3

7

5

-2

-14

13

%

%

%

%

%

%

1245

706

57

$427,658,551

$605,749

98

39

%

%

1076

713

66

$422,865,763

$593,080

100

35

%

%

16

-1

1

2

11

%

%

%

%

%

Half Duplex (Up and Down)

Units Listed 1

Units Sold 1

Sell/List Ratio 100

Sales Dollars $642,500


Price Ratio 98

Days To Sell 52


%

%

0

0

$0

0

%

%

%

%

%

%

%

%

3

1

33

$642,500

$642,500

98

52

%

%

4

3

75

$1,427,000

$475,667

101

17

%

%

-25

-67

-55

35

200

%

%

%

%

%

Half Duplex (Side by Side)

Units Listed 7

Units Sold 2

Sell/List Ratio 29



Price Ratio 95

Days To Sell 47


%

%

13

4

31

$3,022,400

$755,600

97

25

23

%

%

-46

-50

-62

-24

90

-35

%

%

%

%

%

%

106

65

61

$39,913,840

$614,059

98

46

%

%

136

84

62

$52,758,000

$628,071

100

34

%

%

-22

-23

-24

-2

35

%

%

%

%

%

Half Duplex (Front and Back)

Units Listed 5

Units Sold 2

Sell/List Ratio 40



Price Ratio 105

Days To Sell 50


%

%

0

0

$0

0

%

%

%

%

%

%

%

%

34

21

62

$14,391,800

$685,324

99

41

%

%

18

16

89

$9,714,795

$607,175

100

24

%

%

89

31

48

13

72

%

%

%

%

%



October 2019

Current Month


Year To Date


Recreational

Units Listed 2

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0

Average Price / Unit

Price Ratio

Days To Sell


%

%

1

2

200

$243,500

$121,750

91

84

16

%

%

100

-100

-100

6

%

%

%

%

%

%

36

17

47

$2,097,600

$123,388

93

85

%

%

31

21

68

$2,231,400

$106,257

94

144

%

%

16

-19

-6

16

-41

%

%

%

%

%

Manufactured Home

Units Listed 19

Units Sold 12

Sell/List Ratio 63



Price Ratio 97

Days To Sell 47


%

%

12

16

133

$4,013,000

$250,813

97

32

46

%

%

58

-25

-30

-7

46

0

%

%

%

%

%

%

200

139

70

$29,251,337

$210,441

95

53

%

%

188

129

69

$31,305,000

$242,674

98

45

%

%

6

8

-7

-13

18

%

%

%

%

%

Residential Lot

Units Listed 18

Units Sold 12

Sell/List Ratio 67



Price Ratio 98

Days To Sell 195


%

%

29

12

41

$2,956,600

$246,383

97

87

218

%

%

-38

0

1

1

125

-20

%

%

%

%

%

%

347

126

36

$39,613,280

$314,391

95

136

%

%

392

95

24

$31,430,598

$330,848

97

124

%

%

-11

33

26

-5

9

%

%

%

%

%

Residential Lot - Waterfront

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0


Price Ratio

Days To Sell


%

%

3

4

133

$1,044,800

$261,200

97

52

21

%

%

-100

-100

-100

29

%

%

%

%

%

%

40

10

25

$6,115,944

$611,594

95

269

%

%

45

21

47

$13,921,500

$662,929

95

55

%

%

-11

-52

-56

-8

386

%

%

%

%

%



October 2019

Current Month


Year To Date


Residential Acreage

Units Listed 10

Units Sold 6

Sell/List Ratio 60



Price Ratio 93

Days To Sell 146


%

%

12

6

50

$2,738,000

$456,333

95

186

92

%

%

-17

0

-32

-32

-22

-4

%

%

%

%

%

%

138

47

34

$23,541,500

$500,883

93

140

%

%

170

73

43

$32,528,788

$445,600

93

134

%

%

-19

-36

-28

12

5

%

%

%

%

%

Residential Acreage - Waterfront

Units Listed 6

Units Sold 1

Sell/List Ratio 17



Price Ratio 97

Days To Sell 260


%

%

1

2

200

$835,000

$417,500

80

451

30

%

%

500

-50

5

110

-42

10

%

%

%

%

%

%

41

11

27

$18,455,000

$1,677,727

96

244

%

%

51

18

35

$15,885,000

$882,500

92

167

%

%

-20

-39

16

90

46

%

%

%

%

%

Revenue - Duplex/Triplex

Units Listed 3

Units Sold 6

Sell/List Ratio 200



Price Ratio 98

Days To Sell 31


%

%

6

3

50

$2,770,000

$923,333

93

37

12

%

%

-50

100

125

13

-18

17

%

%

%

%

%

%

43

20

47

$18,506,300

$925,315

97

42

%

%

63

23

37

$23,330,400

$1,014,365

96

39

%

%

-32

-13

-21

-9

7

%

%

%

%

%

Revenue - Multi Unit

Units Listed 4

Units Sold 3

Sell/List Ratio 75



Price Ratio 90

Days To Sell 48


%

%

2

1

50

$1,750,000

$1,750,000

92

194

14

%

%

100

200

121

-26

-75

-57

%

%

%

%

%

%

19

8

42

$11,503,000

$1,437,875

94

66

%

%

27

6

22

$10,745,000

$1,790,833

98

68

%

%

-30

33

7

-20

-3

%

%

%

%

%



October 2019

Current Month


Year To Date


Revenue - Apartment Block

Units Listed 2

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

0

0

$0

6

%

%

-17

%

%

%

%

%

%

11

3

27

$11,280,000

$3,760,000

93

89

%

%

12

4

33

$8,910,000

$2,227,500

97

53

%

%

-8

-25

27

69

70

%

%

%

%

%

Revenue - Commercial

Units Listed 11

Units Sold 3

Sell/List Ratio 27



Price Ratio 93

Days To Sell 87


%

%

4

2

50

$4,410,000

$2,205,000

101

111

31

%

%

175

50

-32

-55

-22

58

%

%

%

%

%

%

82

27

33

$20,864,120

$772,745

95

98

%

%

50

16

32

$98,896,876

$6,181,055

464

230

%

%

64

69

-79

-87

-57

%

%

%

%

%

Revenue - Industrial

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0


Price Ratio

Days To Sell


%

%

0

0

$0

1

%

%

0

%

%

%

%

%

%

2

1

50

$249,000

$249,000

100

21

%

%

1

0

0

$0

%

%

100 %

%

%

%

%

Business with Land & Building

Units Listed 2

Units Sold 2

Sell/List Ratio 100



Price Ratio 98

Days To Sell 103


%

%

5

4

80

$3,375,027

$843,757

94

95

27

%

%

-60

-50

-49

1

8

4

%

%

%

%

%

%

47

14

30

$8,482,107

$605,865

104

127

%

%

54

28

52

$24,219,050

$864,966

96

133

%

%

-13

-50

-65

-30

-4

%

%

%

%

%



October 2019

Current Month


Year To Date


Business Only

Units Listed 18

Units Sold 3

Sell/List Ratio 17



Price Ratio 82

Days To Sell 98


%

%

19

4

21

$198,000

$49,500

69

123

86

%

%

-5

-25

155

239

-20

-17

%

%

%

%

%

%

125

27

22

$2,412,500

$89,352

75

120

%

%

146

27

18

$2,262,805

$83,808

76

85

%

%

-14

0

7

7

40

%

%

%

%

%

Motel/Hotel

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0


Price Ratio

Days To Sell


%

%

0

0

$0

1

%

%

100

%

%

%

%

%

%

2

0

0

$0

%

%

2

0

0

$0

%

%

0 %

%

%

%

%

Lease - Office

Units Listed 1

Units Sold 1

Sell/List Ratio 100

Sales Dollars $12

Average Price / Unit $12

Price Ratio

Days To Sell 65


%

%

9

1

11

$17

$17

567

33

%

%

-89

0

-29

-29

-89

-30

%

%

%

%

%

%

41

11

27

$212

$19

172

%

%

45

8

18

$1,616

$202

108

197

%

%

-9

38

-87

-90

-13

%

%

%

%

%

Lease - Retail

Units Listed 4

Units Sold 1

Sell/List Ratio 25

Sales Dollars $26


Price Ratio

Days To Sell 533


%

%

3

1

33

$19

$19

63

18

%

%

33

0

37

37

746

39

%

%

%

%

%

%

37

9

24

$199

$22

4

163

%

%

24

4

17

$2,348

$587

102

126

%

%

54

125

-92

-96

30

%

%

%

%

%



October 2019

Current Month


Year To Date


Lease - Warehouse

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0


Price Ratio

Days To Sell


%

%

0

0

$0

0

%

%

%

%

%

%

%

%

1

0

0

$0

%

%

0

0

$0

%

%

%

%

%

%

%

Lease - Industrial

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0


Price Ratio

Days To Sell


%

%

0

2

$31

$15

2

100

0

%

%

-100

-100

%

%

%

%

%

%

1

1

100

$9

$9

45

%

%

2

2

100

$31

$15

2

100

%

%

-50

-50

-70

-40

-55

%

%

%

%

%

Lease - Other

Units Listed 2

Units Sold 2

Sell/List Ratio 100

Sales Dollars $39


Price Ratio

Days To Sell 341


%

%

5

4

80

$6,914

$1,729

100

85

29

%

%

-60

-50

-99

-99

304

-24

%

%

%

%

%

%

42

15

36

$298

$20

188

%

%

43

11

26

$400,206

$36,382

4063

114

%

%

-2

36

-100

-100

65

%

%

%

%

%

Commercial Land

Units Listed 5

Units Sold 2

Sell/List Ratio 40



Price Ratio 96

Days To Sell 131


%

%

3

0

0

$0

15

%

%

67

13

%

%

%

%

%

%

30

5

17

$3,084,500

$616,900

90

156

%

%

21

1

5

$1,400,000

$1,400,000

93

48

%

%

43

400

120

-56

225

%

%

%

%

%



October 2019

Current Month


Year To Date


Units Listed 918

Units Sold 619

Sell/List Ratio 67



Price Ratio 98

Days To Sell 58


%

%

Grand Totals

958

598

62

$404,626,566

$676,633

97

47

2510

%

%

-4

4

6

3

24

5

%

%

%

%

%

%

11408

6276

55

$4,218,986,407

$672,241

98

49

%

%

11057

6277

57

$4,413,987,771

$703,200

100

39

%

%

3

0

-4

-4

25

%

%

%

%

%


directors jackie adkins cheryl woolley sheila aujla · turn puts pressure on pricing for homes in...

Documents