Vancouver House Prices up 0.2%!
Metro Vancouver house prices were up again for the month of January, but it’s not exactly an auspicious start for Scotias prediction that this market will outperform the rest of Canada. Our market trailed the national average, but Victoria saw a 1% drop for the month.
This post was submitted by Ten.
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March 16th, 2011 at 1:43 am
I wonder how the Japanese nuclear situation is going to reflect on the Lower Mainland.
Subquestion here is: How comfortable will the Rich Chinese Buyers ™ be with a radiation level higher than normal? China itself is not a beacon of environmental care. If they are fine with heavy pollution at home, they may feel fine with another dozen of microSieverts here.
How do I know there is a radioactive threat? It's simple: "Officials say fallout fears unwarranted".
March 10th, 2011 at 3:48 pm
Here are the projections, using List /ratio's numbers for today.
For the two missing days earlier this week, I just filled in numbers from the 5-day moving average, so there is additional uncertainty this month.
Listings are still on pace for record–over 7K!
Projected sales have slipped under 4K. Oh dear. Would only be 4th best in last 11 years.
March 2011 month-end projections
Days elapsed so far 8
Days remaining 15
5 Day Moving Average: Sales 161
5 Day Moving Average: Listings 306
SALES
Sales so far 1383.4
Projection for rest of month (using 5day MA) 2416
Projected month end total 3800 +/- 549
NEW LISTINGS
Listings so far 2562.92
Projection for rest of month (using 5day MA) 4587
Projected month end total 7150 +/- 305
Sell-list so far 54.0%
Projected month-end sell-list 53.1%
March 10th, 2011 at 3:44 pm
@List /ratio: Hi List /ratio. Thank you SO much for posting numbers! Hope to see you back here soon.
All the number lovers out there–vote me up if you are feeling some love for List /ratio!
March 10th, 2011 at 1:37 pm
@Police:
Good grief, hate speech laws have no place in a free society. Crash's idiocy gets the scorn it deserves and our host here always has the discretion to protect his private property from morons if he wants to.
March 10th, 2011 at 1:16 pm
@CRASH JPMorgan-Chase – Buy Silver:
You do realize hate speech is illegal in Canada. You have been warned.
March 10th, 2011 at 1:11 pm
http://www.marketoracle.co.uk/Article26836.html
A must read for Poor Vancouver Homedebtors:
"Markus Bergstrom writes: It's an eerily familiar story. Shortly before the American housing bubble burst, pundits across the globe argued that the world had reached a new plateau of economic growth, where the old rules of economics no longer applied — "this time it's different." The same has been said about the current boom in China"
March 10th, 2011 at 11:15 am
@CRASH JPMorgan-Chase – Buy Silver:
The right to free speech doesn't apply on a privately-run website, and either way voting your posts down doesn't infringe upon that right.
March 10th, 2011 at 10:56 am
W8uld all the chink l8vers please st8p red arr8wing my p8sts? If you d8n't like freedom 8f speech g8 back t8 y8ur c8mmunist China that bans free speech. D8n't bring y8ur shit over here please
March 10th, 2011 at 10:51 am
Fed legalizes rape. American’s stock up on Vaseline.
http://www.huffingtonpost.com/2011/03/10/fed-repo…
March 10th, 2011 at 10:49 am
Either way, it's fucking dead for sales.
6 more days until the Chinese buyers are on their own.
March 10th, 2011 at 10:42 am
@List /ratio:
Hell ya, now were talking
March 10th, 2011 at 10:18 am
My numbers indicate :
Vancouver East & West
New Listings – 129
Back On Market Listings 6
Price Changes -35
Sold Listings – 29
Vancouver All Areas
New Listings – 287
Back On Market Listings –13
Price Changes – 117
Sold Listings – 98
March 10th, 2011 at 9:49 am
Kinda dead around here.
Looks like Larry put up some numbers today.
They look a bit surprising if you ask me.
Vancouver East & West*
New Listings – 89
Back On Market Listings -1
Price Changes -20
Sold Listings – 30
Vancouver All Areas*
New Listings – 257
Back On Market Listings – 4
Price Changes – 80
Sold Listings – 95
*Attached & Detached – Date: 03/10/2011 Time:17:13 Pacific YatterMatters.com:Courtesy REBGV. Data believed to be accurate but is not guaranteed.
March 10th, 2011 at 9:36 am
@Rommel:
That's crazy! I am never going to China unless I bring my own food, water and air.
March 10th, 2011 at 9:32 am
@Anonymouse:
Good idea. The City should have burned down the Olympic Village last year.