Historical Sell List Ratios

VHB has a post over at Housing Analysis looking at the last few years of sell / list ratios in Vancouver. He’s got two charts there, one based on daily data in the VCI forum and one going further back to 2001 based on REBGV data. Interesting to see the difference in years like 06, 08 and 2011.

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granite countertop
Member
granite countertop

The New West News Leader had a dubious pick for newsmaker of the year: Local real estate developer Pilothouse
http://www.newwestnewsleader.com/news/136159853.h

Local blogger points out that the condo developer isn't close to the biggest news. Editor attempts to defend his pick.
http://www.tenthtothefraser.ca/2012/01/03/newsmak

I hate New West condo marketing. They try to portray the town as hip, urban, upscale. It's a working class bedroom community. People live here because they can't afford to live in Vancouver city limits. If prices rise it loses that advantage.

Anonymous
Guest
Anonymous

@granite countertop: "The New West News Leader had a dubious pick for newsmaker of the year: Local real estate developer Pilothouse"

Laughable the lengths the "media" will go through to advertise. This development will likely be a news maker in the future but it will not be positive news.

Alum
Guest
Alum

The Condo Unit List Tracker is dangerously low again.

As of today it hit a low of 219 !

It was 600 when this blog started.

GOD forbid, this may trigger another round of bidding wars.

Patiently Waiting
Member
Patiently Waiting

East Van house has extensive fire damage, but sellers fail to disclose in PDS. Nothing buyers can do about it except blow another $200k on renos, and whine to the media.

http://www.globaltvbc.com/video/fire+damage+not+d

Stan
Guest
Stan

@Alum: The condo unit list tracker tracks a specific set of downtown buildings, interesting but not exactly the whole market. We're still starting off the year with more places for sale on the market as a whole than last year. I doubt that Indicates bidding wars, but I guess we'll just have to wait and see.

Best place on meth
Member
Best place on meth

@Alum:

Bidding wars will come from sellers as they bid each other down to snag the few available buyers.

Richmond should see a frenzy of activity.

WFT?
Guest
WFT?
The following is from from Mish Shedlock. But don't worry, bidding wars will continue in Vancouver. Sampling of Links to Consider 1.Portugal Car Sales Plunge 60% in December, 31% for Entire Year; Spain Car Sales Plunge 17.7% to 1993 Levels 2.Eurozone Manufacturing Contracts 5th Straight Month; New Orders Fall Faster than Output 3.Promises Go Out the Window as Spain Undertakes Huge Tax Increase Coupled With Biggest Budget Cut in History; Depression in Spain will Worsen 4.Explaining Italian Christmas Season Sales (It's Far Worse Than Previously Reported); How Various Austerity Measures Will Affect Spending in 2012; Emails from Italian Readers; Massive European Recession On the Way 5."It's a Mistake To Pursue a United States of Europe" says German Supreme Court Justice in Spiegel Interview ; Interpretation of Interview from Saxo Bank Chief Economist 6.French Unemployment Hits 12-Year High (It's Going to… Read more »
Alum
Guest
Alum

@Best place on meth:

@Alum:

I do agree that Richmond is overpriced

>Alum Says:

>January 4th, 2012 at 8:12 am

>

>The Condo Unit List Tracker is dangerously low again.

>As of today it hit a low of 219 !

>

>It was 600 when this blog started.

>

>GOD forbid, this may trigger another round of bidding wars.

>Current score: -6 +1Thumbs down!

Anonymouse
Guest
Anonymouse

@Stan:

"The condo unit list tracker tracks a specific set of downtown buildings, interesting but not exactly the whole market. "

The mix of buildings was chosen deliberately in an attempt to make the tracker act like an index.

Fishbowl
Guest
Fishbowl

Uh Oh Bears…

Front page of the Sun…

Prices up, up, and up!

Only bears do their DD and realize that the values are from July…

The average joe, and hence the average buyer, owner and seller, now think that prices are much higher…

More pressure to buy folks..

You cannot fight the behemoth…you are pis#*&$ in the wind bears..

Lol…this Sun pump up should get the marker going again…very soon!

Annonymass
Guest
Annonymass

@granitecountertop A brand new state of the art 13 screen cinema complex is opening soon at the New West Skytrain station where a brand new Safeway just opened…The area has been transformed in just the last few years.

Anonymous
Guest
Anonymous

@Patiently Waiting:

It is hard to have sympathy for the new owner. If they drop $800K on home, shouldn't they hire a home inspector to do a independent check?

It is even more unreal, they would drop another $250K for reno. I believe you can build a new one for $350K.

Now, they are on TV, it is hard for them to not disclose the fire damage.

registered
Member
registered

11 Annonymass Says:"…A brand new state of the art 13 screen cinema complex …a brand new Safeway just opened…The area has been transformed…"

Outside of Vancouver bragging about a cinema and a grocery store rings depressingly ghetto. The transformation (or hype) bar here is low.

Annonymass
Guest
Annonymass

@WFT…You Doom and Gloomers crack me up. I guess grow Ops are recession proof.
http://www.bloomberg.com/news/2012-01-04/raw-mate

Best place on meth
Member
Best place on meth

Clearly the quality of trolls here is in steep decline.

Some of them appear to be making their first attempt without any proper training and bringing the art into severe disrepute.

Anonymous
Guest
Anonymous

at the start of the year, bears start cracking up counting inventory and colorful charts to push up their hope; by the year end, they cry the blue like having pms. move a long now, nothing to see here kids. these bears can just get rich by selling their own misery.

VMD
Guest
VMD

PaulB has posted the Dec 2011 REBGV stats on his webpage

http://www.laurenandpaul.ca/MarketTrends.ubr

Meh
Guest
Meh

@fixie guy: At the new Thrifty's in Sapperton, local politicians showed up for a ribbon-cutting. Groceries are a big deal in New West.

paulb.
Guest
paulb.
Don Lapre
Member
Don Lapre

This guy must be off his rocker, doesn't he know they're not making any more land??

http://opinion.financialpost.com/2012/01/03/bear-

Annonymass
Guest
Annonymass

So any growth or economic activity or investment is grounds for ridicule? I must say the purpose of this site baffles me..A bunch of immature social misfits with no life or business experience who know nothing about Real Estate.. hate Vancouver and surrounding areas complaining 24/7 about Real Estate prices…Very peculiar.

WFT?
Guest
WFT?

@Annonymass:

Annonymass Says:“…A brand new state of the art 13 screen cinema complex …a brand new Safeway just opened…The area has been transformed…”

Very world class.

WFT?
Guest
WFT?

@Don Lapre:

Here's the heading on that financial post article: "No aspect of data supports bullish view of house market".

Well put.

registered
Member
registered

21 Annonymass Says: "So any growth or economic activity or investment is grounds for ridicule?"

Straw Men R Us. The comments were about the high regard in which any trivial development is held if it can be spun into 'gentrification' or 'transformation' and by extension support inflated property values. Only here does a common Thrifty's bestow special status. It's a mirror into the real estate illness eating Vancouver alive. As are your reactionary histrionics and irrational obsession to distort. The culture is sick and your type are carriers.

VMD
Guest
VMD

quick glance of December REBGV stats

Vancouver West SFH sales declined 47% from Dec 2010. Closing in on Dec 2008 level.

Sales/List

2011- 62 /89 S/L 70%

2010- 116 /81 S/L 143%

2009- 133 /86 S/L 155%

2008- 56 /74 S/L 76%

Sales to New-Listing ratio also scored massive decline. WORSE than Dec 2008 level.

Richmond SFH sales dropped 52% vs Dec 2010. S/L ratio also scored major decline. Though not (..yet) at 2008 level.

2011- 62 /85 S/L 73%

2010- 130 /111 S/L 117%

2009- 120 /104 S/L 115%

2008- 38 /74 S/L 51%

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