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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Peter/Linda - you sure took a lot of time to prepare a very informative report on the Esquimalt real estate market. Question for you - are these native Canadian names? I find the city names to be interesting and beautiful.
Peter and Linda: It looks to me like Edquimalt is realitively steady. In my opinion, that is a good thing! We hear so much negagtive..... a nice steady line is good. No crazy swings up or down... just rocking steady! I like it!
Hi Juli,
Thank you for your feedback, yes Esquimalt is one of the many Native Canadian names in thi area, Iwill write a post about the various names
Hi Joni,
You are so right, Fluctuations in and around Greater Victoria are always relatively modest and Esquimalt is a very steady community great for families and very convenient.
Peter and Linda - what a great way to present the year in review! Beautiful job!
Peter and Linda, your executive summary is the best in the business. I am sure these reports help you maintain your place in the local market.
HI Karen,
Thank you for your kind word and we hope our Esquimalt bound Buyers and Home sellers will find great benefit from this information
Hi Chris,
Thank you so very much, we try to provice as much detailed information that is helpfull for Esquimalt sellers and future home owners for the area.
What a great and comprehensive real estate market report for Esquimalt! I am sure buyers and sellers alike appreciate your information!
Hi Renee,
As you know we consider you the Master of Local Market Reports, so we thank you for the compliment and we continue to strive to someday be as good in Creating Greater Victoria and Esquimalt reports as you are about Las Vegas Reports.