(250) 413-7042 fred@fredcarver.com

Oak Bay Real Estate | Market Review Nov 30, 2018

 
Nov 30/18 Oak Bay Real Estate.. Activity-Indicates heading to a a balanced real estate Market in Oak Bay.

 
Find Photos and Details Here on Current Oak Bay Homes For Sale.

Oak Bay Real Estate… Sept 2 Single Family Home Stats:

Total Oak Bay Single Family Home Sales in
November = 20 
Average Oak Bay Home Pending Selling Price in August was $ $1,906,285.

A Single Pending Sale of $7,853,000  Tarn Pl in the Uplands area pushed the Average sale price up
Total Oak Bay Single Family Home Completed Sales in August = 13


 Average Oak Bay Completed Home Selling Price  was $1,601,146

Oak Bay Real Estate.. activity since Jan1 of 2018 indicates it’s still a Seller market in Oct with 5 months of inventory of Single Family homes, and heading to a balanced market between home buyers and sellers.
This report may not indicate a market trend in the coming months in Oak Bay BC, however it should give you an idea of the current Oak Bay Real Estate activity with Oak Bay single family homes,  (since January).
Number of Single Family Homes Currently For Sale Nov 30, 2018 in Oak Bay 49
Average Asking Price = $2,080,815 (67 homes over 1 million dollars for sale)
Average Days on the Market = 56

Single Family Oak Bay Homes Sold in 2018 (completed single family home sales Jan 1/18 to November 30, 2018 =  185
Let’s look at what the current Oak Bay Real Estate activity is telling us…..

These Stats indicate Oak Bay Real Estate is currently a still Sellers market, meaning little room to negotiate for Oak Bay home Buyers. 

Information source Victoria Real Estate Board database on Matrix 
 
Data compiled by Fred Carver November 30/ 2018. Fred has over 45 plus years experience selling real estate in Oak Bay for Re/Max Camosun-
#fredcarveroakbay #oakbayrealestate #oakbayhomes.
 
Oak Bay Real Estate | Market Review | November 30, 2018