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Lower Mainland housing and economic issues.

1. 

   VHB
   Member

   Let's put the daily numbers from Larry and or Paulb here.

   paulb. Says:
   July 2nd, 2010 at 5:56 pm

   New Listings 232
   Price Changes 129
   Sold Listings 105

   Posted 1 year ago #
2. 

   VHB
   Member

   paulb. Says:
   July 5th, 2010 at 5:32 pm

   New Listings 261
   Price Changes 161
   Sold Listings 118

   Posted 1 year ago #
3. 

   VHB
   Member

   paulb. Says:
   July 6th, 2010 at 5:12 pm

   New Listings 265
   Price Changes 158
   Sold Listings 131

   18,041

   Posted 1 year ago #
4. 

   VHB
   Member

   Here is the history for July for sales / listings.

   July totals sell new list sell/list
   2001 2618 3504 75%
   2002 2670 3929 68%
   2003 4023 4447 90%
   2004 3019 4785 63%
   2005 3652 4107 89%
   2006 2732 4370 63%
   2007 3873 4924 79%
   2008 2174 7104 31%
   2009 4114 5061 81%
   AVG 3208 4692 68%

   Posted 1 year ago #
5. 

   VHB
   Member

   paulb. Says:
   July 7th, 2010 at 5:14 pm

   New Listings 254
   Price Changes 130
   Sold Listings 125

   Inventory resumes it climb

   18,084

   Posted 1 year ago #
6. 

   VHB
   Member

   Projections for July totals. Note that these are based on PaulB's numbers for the first 4 business days of July. We averaged 120 sales and 257 listings. This projects out to 2515 sales and 5313 listings. If those numbers hold, that would be the 2nd worst in the last ten years (only 2008 being worse).

   Posted 1 year ago #
7. 

   jesse
   Member

   Agree the July sales numbers are so far less than stellar. If these sales numbers are what to expect going forward, there will be continued price erosion through the summer months. It also means August has a good chance of being very weak. Not good for sellers.

   Posted 1 year ago #
8. 

   VHB
   Member

   Yeah, unstellar, but no huge crash. I'm getting some okanagan envy!

   Posted 1 year ago #
9. 

   specuskeptic
   Member

   If those numbers hold, that would be the 2nd worst in the last ten years (only 2008 being worse)

   I think it's important to keep in mind that in 2008, interest rates were marginally higher and "emergency" rates didn't kick in until that autumn (if I'm not mistaken). Might we not be a lot closer to the 2008 stats with comparable rates? Just a thought - perhaps wishful thinking on the velocity of the unravelling and its potential to pick right back up where it left off two summers ago.

   Posted 1 year ago #
10. 

    VHB
    Member

    paulb. Says:
    July 9th, 2010 at 5:27 pm

    @bumncream:

    You’re dreaming. 19k if we’re lucky.

    New Listings 180
    Price Changes 122
    Sold Listings 113

    18,093

    Posted 1 year ago #
11. 

    VHB
    Member

    paulb. Says:
    July 8th, 2010 at 5:24 pm

    New Listings 205
    Price Changes 117
    Sold Listings 127

    18,107

    Posted 1 year ago #
12. 

    jesse
    Member

    Averaging 120 listings per day... It's like we're following 2008 again but with a bit more of a base.

    

    Posted 1 year ago #
13. 

    VHB
    Member

    paulb. Says:
    July 12th, 2010 at 5:32 pm

    New Listings 266
    Price Changes 148
    Sold Listings 112

    18,100

    Posted 1 year ago #
14. 

    vanpro
    Member

    Larry's numbers (posted at 9:49 pm last night, July 12th) show 6 more listings (272) and 3 less sales (109).

    http://www.yattermatters.com/

    Posted 1 year ago #
15. 

    VHB
    Member

    Vancouver All Areas*
    New Listings - 272
    Back On Market Listings - 11
    Price Changes - 145
    Sold Listings - 109

    Here are Larry's numbers. I'm not surprised a few more listings were added, but I don't know why the sales numbers went down! The price changes are lower, too, for some reason.

    I interpret these daily numbers as rough anyway, so being off by a couple doesn't bother me much.

    Posted 1 year ago #
16. 

    VHB
    Member

    ptotheb Says:
    July 13th, 2010 at 5:20 pm

    New Listings 208
    Price Changes 116
    Sold Listings 100

    18,112

    Posted 1 year ago #
17. 

    VHB
    Member

    paulb. Says:
    July 15th, 2010 at 5:03 pm

    New Listings 176
    Price Changes 118
    Sold Listings 88

    Posted 1 year ago #
18. 

    VHB
    Member

    VHB Says:
    July 14th, 2010 at 6:13 pm

    Larry’s numbers for today:

    Dailies – List | Sold

    Vancouver East & West*
    New Listings – 63
    Back On Market Listings – 2
    Price Changes – 33
    Sold Listings – 54

    Vancouver All Areas*
    New Listings – 193
    Back On Market Listings – 5
    Price Changes – 113
    Sold Listings – 143

    Posted 1 year ago #
19. 

    VHB
    Member

    Inventory Says:
    July 16th, 2010 at 12:18 pm

    We’re on track for 40% down in sales compared to July 09.
    Maybe a 10 year low.

    July
    1995 = 1978 = 42%
    1996 = 2100 = 39%
    1997 = 2303 = 46%
    1998 = 1816 = 44%
    1999 = 2181 = 58%
    2000 = 1710 = 48%
    2001 = 2737 = 73%
    2002 = 2759 = 67%
    2003 = 4140 = 88%
    2004 = 3114 = 62%
    2005 = 3825 = 88%
    2006 = 2802 = 61%
    2007 = 3955 = 76%
    2008 = 2215 = 34%
    2009 = 4197 = 80%
    2010 = 1163 = 48% *** July 15

    Posted 1 year ago #
20. 

    VHB
    Member

    paulb. Says:
    July 16th, 2010 at 3:24 pm

    big day!

    New Listings 118
    Price Changes 99
    Sold Listings 60

    Posted 1 year ago #
21. 

    VHB
    Member

    paulb. Says:
    July 19th, 2010 at 5:28 pm

    New Listings 175
    Price Changes 147
    Sold Listings 88

    Posted 1 year ago #
22. 

    VHB
    Member

    Updated numbers from 16th:

    paulb. Says:
    July 16th, 2010 at 5:12 pm

    New Listings 144
    Price Changes 109
    Sold Listings 79

    Posted 1 year ago #
23. 

    mohican
    Member

    paulb. Says:
    July 19th, 2010 at 5:28 pm

    New Listings 175
    Price Changes 147
    Sold Listings 88

    Seems like July is certainly shaping up to be a very slow sales month.

    Posted 1 year ago #
24. 

    mohican
    Member

    paulb. Says:
    July 20th, 2010 at 5:14 pm

    New Listings 225
    Price Changes 125
    Sold Listings 135

    Posted 1 year ago #
25. 

    VHB
    Member

    [deleted] mohican beat me to it!

    Here is the new projections for July anyway.

    item sales listings sell/list
    days elapsed 13 13
    average 113 214
    days left 8 8
    projection 2365 4497 52.6%

    Posted 1 year ago #
26. 

    VHB
    Member

    paulb. Says:
    July 21st, 2010 at 5:15 pm

    New Listings 194
    Price Changes 144
    Sold Listings 104

    Posted 1 year ago #
27. 

    mohican
    Member

    paulb. Says:

    July 22nd, 2010 at 4:16 pm

    Pretty much all for today:

    New Listings 141
    Price Changes 80
    Sold Listings 63

    Posted 1 year ago #
28. 

    vanpro
    Member

    Larry has some more numbers posted at 5:48 pm for today:

    Vancouver All Areas*

    New Listings - 152

    Back On Market Listings - 5

    Price Changes - 89

    Sold Listings - 73

    *Attached & Detached - Date: 07/22/2010 Time:17:48 PST YatterMatters.com:Courtesy REBGV. Data believed to be accurate but is not guaranteed.

    Posted 1 year ago #
29. 

    mohican
    Member

    paulb. Says:

    July 23rd, 2010 at 5:03 pm

    New Listings 163
    Price Changes 109
    Sold Listings 116

    Posted 1 year ago #
30. 

    mohican
    Member

    paulb. Says:

    July 26th, 2010 at 5:20 pm

    New Listings 200
    Price Changes 131
    Sold Listings 119

    Posted 1 year ago #

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