Market Conditions for Saanich East in Saanich, British Columbia Reported by Peter Pfann, REALTOR, Mba, Csa, Sres, Abr, E-Pro Updated June 21, 2008.

Current Market Rating: 2 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 4 1 2 3 4 5 Falling Rising

This month there were 90 Single Family Home Sales in Saanich East.
This compares to 102 Sales for the same month last year.
For a decrease of 12 % over the past year.

This month the Average sale price for a Single Family Home in Saanich East was: $630,378.
This compares to an average sale price of $ 591,942 during the same month last year.
For an increase of 6 % over the past year.

This month the Median sale price for a Single Family Home in Saanich East was: $ 623,000.
This compares to a Median sale price of $ 549,500 during the same month last year.
For an increase of 13 % over the past year.

This month there were 19 Condominium Homes sales in Saanich East.
This compares to 36 Sales for the same month last year.
For a decrease of 47 % over the past year.

This month the Average sale price for Condominium Homes in Saanich East was: $ 276,343.
This compares to an average sale price of $ 258,156 during the same month last year.
For an increase of 7 % over the past year.

This month the Median sale price for Condominium Homes in Saanich East was: $ 286,500.
This compares to a Median sale price of $ 245,000 during the same month last year.
For an increase of 17 % over the past year.

This month there were 16 Town Home Sales in Saanich East.
This compares to 20 Sales for the same month last year.
For an increase/decrease of 20 % over the past year.

This month the Average sale price for Town Homes in Saanich East was: $486,969.
This compares to an average sale price of $ 475,499 during the same month last year.
For an increase of 2 % over the past year.

This month the Median sale price for Town Homes in Saanich East was: $441,250.
This compares to a Median sale price of $ 480,000 during the same month last year.
For a decrease of 8 % over the past year.


ZIP Codes: Saanich, East

Approximate Location Boundaries: To West by the Pat Bay Highway, to the North by Central Saanich, To the East by the Ocean, to the South by Victoria and Oak Bay

Location Characteristics: The Municipality of Saanich was incorporated on March 1, 1906. With an area of 11,179 hectares, it is the largest of the core municipalities making up Greater Victoria. The topography is undulating with many glacially scoured rock outcroppings. Elevations range from sea level to 388 metres. The physical setting is greatly influenced by water. There are 334.9 ha of fresh water lakes and 36.2 km of marine shoreline.

The Municipality is in a major position within the metropolitan area. The Trans Canada Highway enters from the west and the Pat Bay Highway enters from the north, they converge within the Municipality and run parallel into the City of Victoria. Traditionally, Saanich has been the gateway to the downtown core of Victoria. Its location within the region has resulted in a dual role, half of the Municipality is urban and half is rural and agricultural. This dual role is a major factor influencing its character.

Saanich can best be described as a bedroom community serving the City of Victoria. Single family dwellings are the predominant land use. As of December 31, 1997 there were 39,237 dwelling units accommodating a population of about 106,000 persons. About 71% of the dwellings were single family. The Regional Growth Review 1990 projects a population of 109.200 by the year 2001. As a result of Council's commitment to a policy of urban containment, a declining supply of developable land for new residential lots, and changing housing market demands, it is anticipated that the ratio of multi-family to single-family dwellings will continue to increase.




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