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.
August 3rd, 2011 at 7:05 am
http://www.youtube.com/watch?v=qKf08vWTkKA
posted on Garth Turners blog…lol
August 2nd, 2011 at 10:21 pm
@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.
August 2nd, 2011 at 10:17 pm
@60 Best place on meth: Nope, that site has plenty of pics per property. Her web monkey just does a good job hiding them.
August 2nd, 2011 at 10:17 pm
the agents folded the data cuz they finally realized that there was no money to be had from these life long bears.
August 2nd, 2011 at 3:42 pm
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.
August 2nd, 2011 at 1:04 pm
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.
August 2nd, 2011 at 12:52 pm
@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."
August 2nd, 2011 at 12:41 pm
@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
)
August 2nd, 2011 at 12:39 pm
"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.
August 2nd, 2011 at 12:25 pm
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
August 2nd, 2011 at 12:21 pm
@Best place on meth:
Because they live there?
August 2nd, 2011 at 12:21 pm
@WFT?:
Yes, I fired off a cheque by courier to Larry late last night.
This morning the stats magically showed up.
August 2nd, 2011 at 11:54 am
@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.
August 2nd, 2011 at 11:46 am
@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.
August 2nd, 2011 at 11:32 am
As prices rise…greater resistance….momentum slows…there it blows!
Fixed the link…..RTP
August 2nd, 2011 at 11:25 am
Victoria average down $50,000 in July. That's 8%.