As of February 28th there were 6 new completed sales in Oak Bay. Average Sales price was $1,470,500.00 at 17 Days on market. There were 7 other properties unconditional but yet to close with an average sale price of $1,387,142.00. Total average of all sales transactions was $1,425,615.00 and 20 days on market compared to January at $1,679,293.00 and 63 days on market.
ESTEVAN
-1 sale in Estevan-Average Price-$950,000.00-31 Days on market-average 27% under assessed value.
-There were 3 homes available for purchase in the Estevan area at the end of February ranging from $965,000.00 to $2,098000.00. Average list price of the three were $1,637,666.00 and 108 average days on market. Average list to assessed ratio is 46% above assessed value and the one sale was 27% below assessed value.
GONZALES
-No sales in Gonzales
-There were 4 active listings in the Gonzales area at the end of February ranging in prices from $1,675,000.00 to $1,890,000.00 and an average list price of $1,803,500.00. 134 average days on market with one listing dragging that average up at 320 days on market. Average list price to assessed value ratio is 5% below assessed value.
HENDERSON
-5 sales in Henderson-Average Price-$1,038,860-19 Days on market-average 3% over assessed value.
-There were 3 homes available for purchase in the Henderson area at the end of February ranging from $999,000.00 to $1,099,000.00. Average list price of the three were $1,032,666.00 and 105 average days on market. Average list to assessed ratio is 1% above assessed value and the 2 sales was 8% below assessed value. The 3 unconditional sales were at 1% above assessed value.
NORTH OAK BAY
-No sales in North Oak Bay
-There were 3 homes available for purchase in the North Oak Bay area at the end of February ranging from $1,789,000.00 to $5,595,000.00. Average list price of the three were $3,227,966.00 and 98 average days on market. Average list to assessed ratio is 12% above assessed value.
SOUTH OAK BAY
-6 sales in South Oak Bay
-Average Price-$1,803,167.00-18 Days on market-average 6% over assessed.
-There were 13 homes available for purchase in the South Oak Bay area at the end of February ranging from $900,000.00 to $3,000000.00. Average list price of the 13 were $1,774,976.00 and 71 average days on market. Average list price to assessed value ratio is 4% above assessed value and the 2 sales was 12% above assessed value. The 3 unconditional homes sales were 2% above assessed value.
UPLANDS
-1 sale in the Uplands-Average Price
-$1,678,000,00-17 Days on market-average 2% below assessed
-There were 7 Uplands homes currently listed at the end of February with an average price of $3,396,142.00-average days on market of 82 and average list to assessed value of 9% above assessed value compared to the one sale of 2% below assessed value.
There are currently 33 Available homes in Oak Bay 4 are Waterfront and two waterfront lots. They range from $900,000.00 on Orchard to $5,595,000.00 on Somass.
-There are 3 Oak Bay Townhomes available from $875,000.00 to $1,095,000.00.
-There are 10 Oak Bay Condominiums available from $299,000.00 to $2,780,000.00.
Please contact us for more detailed information anytime.