Farewell Agent Will!

Another Vancouver real estate agent is closing up shop and leaving town, but this one is special because he’s been one of the rare breed that regularly shares market data. Will Wertheim has shut down his website and posted a brief message about leaving town.

At the same time Larry Yatkowsky has stopped sharing market data, because he says the return on investment just isn’t worth it.

Compiling regular data and presenting it online is a lot of work and it’s very likely that those who are watching the market that closely aren’t going to buy while prices are high. It seems like more of a long term investment in potential customers and a way to drive traffic to your website.

It will be interesting to see how recent changes to the way the CREA keeps data hidden from customers will play out. Potentially Canada will get Zillow or another alternative housing market site that compiles data and makes it more available than the industry has up to this point.

In the meanwhile the data addicts are fortunate to have Paul Boenisch around. He posts regular daily market data here and on his website.

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pipewrench
pipewrench
9 years ago

http://www.youtube.com/watch?v=qKf08vWTkKA

posted on Garth Turners blog…lol

🙂

fixie guy
fixie guy
9 years ago

@63 Anonymous Says: "the agents folded the data cuz they finally realized that there was no money to be had from these life long bears."

Sad they were forced to try the bear market, must mean they drained their regular supply of dupes and suckers.

fixie guy
fixie guy
9 years ago

@60 Best place on meth: Nope, that site has plenty of pics per property. Her web monkey just does a good job hiding them.

Anonymous
Anonymous
9 years ago

the agents folded the data cuz they finally realized that there was no money to be had from these life long bears.

Patiently Waiting
Patiently Waiting
9 years ago

Found these rare bullish numbers on Yatter Matters. Interesting to see COV weaker than the suburbs. Seems like the market has a moving hotspot. I wonder where it is now. Is this a few dozen hardcore speculators playing with cheap credit and the market?:

Vancouver East & West*

New Listings – 99

Back On Market Listings – 11

Price Changes – 20

Sold Listings – 54

Vancouver All Areas*

New Listings – 248

Back On Market Listings – 32

Price Changes – 104

Sold Listings – 181

*Attached & Detached – Date: 08/02/2011 Time:21:47 Pacific YatterMatters.com: Courtesy REBGV. Data believed to be accurate but is not guaranteed.

The Leak
The Leak
9 years ago

Holy cow, I can't tell you how much I love renting right now. Economic times in peril and I have no debt. Nothing. Notta. People are stretched with the high cost of living all around me and the house of cards is about to be slowly eroded and I won't be losing equity. Love it! Not buying and over-extending myself in the past few years really paid off.

Best place on meth
Best place on meth
9 years ago

@Anonymous:

Is she the one who doesn't post any photos with her listings?

http://www.michelleyu.com/michelleyu/index.php?me

“As Greater Vancouver’s top independent realtor I assure you I will sell your home at the maximum price possible with the least inconvenience to you."

Van MD
Van MD
9 years ago

@Paulb.:

"P.s. I just moved into a new house and will be without Internet until Monday (lame), so there will be a few nights without numbers."

we should pool some resources together and get paulB a decent data plan, so those of us who are addicted to those yummy stats won't have to go cold turkey (I can feel myself sweating and shivering already…)

Good luck moving paulB! (I'm doing the same right, moving into another highrise condo – renting 🙂 )

Anonymous
Anonymous
9 years ago

"Just got a flyer from realtor Michelle Yu.

On the flyer it says,

“There is a high demand for homes in your neighborhood. Do you want to sell your home at the peak market price?”"

She is one of the top realtors. Wow, she must have a bunch of buyers looking to park their cash, even at "peak" prices.

Paulb.
Paulb.
9 years ago

Will is a class act and he will be missed by many. The weekly updates he provided were awesome and by far the most indepth. Good luck with your new plans Will!

P.s. I just moved into a new house and will be without Internet until Monday (lame), so there will be a few nights without numbers.

Enjoy summer, I think it's finally here.

Paul

Anonymouse
Anonymouse
9 years ago

@Best place on meth:

Because they live there?

Best place on meth
Best place on meth
9 years ago

@WFT?:

Yes, I fired off a cheque by courier to Larry late last night.

This morning the stats magically showed up.

fixie guy
fixie guy
9 years ago

@15 Devore: "The Condo King bails out"

In a previous life I worked from an office half a block from the Gardiner Expressway. The amount of grey film overcoat from vehicle exhaust pulling in by the HVAC system was impressive even then. Enjoy your future respiratory ailments, guys.

WFT?
WFT?
9 years ago

@ReadyToPop:

Larry has the July average prices posted on his site at http://www.yattermatters.com.

The average detatched is now down almost $100,000 from the high.

ReadyToPop
ReadyToPop
9 years ago

patriotz Says:

@900kCrackHouse:

“was up in Kelowna this weekend, for sale signs all over the place and minimum 50-60k price drops on properties worth 400k”

I think you mean asking 400K.

As prices rise…greater resistance….momentum slows…there it blows!

Fixed the link…..RTP

chip
chip
9 years ago

Victoria average down $50,000 in July. That's 8%.

4SlicesofCheese
4SlicesofCheese
9 years ago

Just got a flyer from realtor Michelle Yu.

On the flyer it says,

"There is a high demand for homes in your neighborhood. Do you want to sell your home at the peak market price?"

Best place on meth
Best place on meth
9 years ago

Ouch.

http://finance.yahoo.com/intlindices?e=asia

Anyone who has not yet dumped real estate and stocks may want to do so immediately before the bottom falls out of these overpriced pieces of crap.

ReadyToPop
ReadyToPop
9 years ago

patriotz Says:

@900kCrackHouse:

“was up in Kelowna this weekend, for sale signs all over the place and minimum 50-60k price drops on properties worth 400k”

I think you mean asking 400K.

As prices rise…greater resistance….momentum slows…there it blows!

shitHOLE
shitHOLE
9 years ago

Conrad, eat shit you fuckhole.

shitHOLE
shitHOLE
9 years ago

folk getting nervous, prices falling NOWE

Best place on meth
Best place on meth
9 years ago

@Anonymouse:

Why the hell would the owner list it if they're not ready to have pictures taken?

Sellers in this city are complete assholes.

Anonymouse
Anonymouse
9 years ago

@Anonymous:

"As well with everyone using digital camera now, how hard is it to walk through the house and take some additional photos?"

Quite hard if the owner isn't able to grant immediate access to the property, I imagine.

patriotz
9 years ago

@900kCrackHouse:

"was up in Kelowna this weekend, for sale signs all over the place and minimum 50-60k price drops on properties worth 400k"

I think you mean asking 400K. 🙂

paradox
paradox
9 years ago