- Year total sales single family home sales
- 2011 458 212
- 2010 377 203
- 2009 776 437
- 2008 485 286
- 2007 632 306
- 2006 593 261
- 2005 ~700
- 2004 ~650
- average 584 284
I only have graph that records total sales for September 2005 and 2004.
Sales for this September were about 23% below the average.
The prices for single family homes remain in roughly the same area where they have been for several years, without the $50k drop in July and $75k rise in August, the price has been very steady.
Esquimalt had a median price of $380,000 for single family homes, though this was on only 7 sales. It does mean that the majority of houses in Esquimalt sold for under $400,000, something that has not happened in four years.
The supply of units on the market in September remains at record levels. With a bit more than 4900 units for sale, there is roughly a ten month supply on the market. To put this in other terms, only 9.3% of the units on the market in September sold.
This is a dramatically high level of housing stock on the market. It is too high for the market to keep the prices where they are.