Esquimalt BC Single Family Homes Year in Review for 2011.
Esquimalt is Just West of the City of Victoria and is Home to the Royal Canadian Navy West Coast Base.
As the slides of our Year in Review show,
- Esquimalt had 43 more listings and 3 more sales for the 2011 year compared to 2010.
- A very slight increase for the average time it takes to sell a home in Esquimalt to 50 days
- A bit more concerning is the decline in the number of the active listings selling to a bit over 43% of homes listed actually selling in Esquimalt.
- Average and Median Prices in Esquimalt, did decline slightly by respectively 1 and 2 %
- The average spread between asking price and selling price also increased slightly.
In summary, in order to sell in a timely manner in Esquimalt, price, condition of the home and the overall presentation is very important to the overall outcome of the marketing effort, and even then not all listing will sell.
For Buyers, there are good affordable options available in Esquimalt and with its ideal location to the Base, and Victoria, Esquimalt offers an excellent alternative to the Western Communities for price, proximity and amenities.
Over the next days we will add Real Estate Market Reviews for most Greater Victoria Communities, and we will add the links to them right here
- City of Victoria Single Family Homes Real Estate Market Review of 2011
- Oak Bay Single Family Homes Real Estate Market Review of 2011
Here is a link to the Victoria Real Estate Board Statistical Reports, and published every month.
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