July daily numbers «

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July daily numbers

(45 posts) (7 voices)

Started 1 year ago by VHB
Latest reply from vibe

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mohican
Member

paulb. Says:
July 27th, 2010 at 5:01 pm
New Listings 180
Price Changes 123
Sold Listings 150

Posted 1 year ago #
mohican
Member

paulb. Says:
July 28th, 2010 at 5:20 pm
New Listings 141
Price Changes 132
Sold Listings 70

Posted 1 year ago #
vanpro
Member

Barring any unforeseen surge in sales in the last 2 days of this week, looks like we are on track for the lowest July sales in a decade (to July 28th, total sales = 2,092 by my count). Correct?

Posted 1 year ago #
jesse
Member

@vanpro, correct but if we miss the "lowest in a decade" headline by some amount it won't change much, only that many fewer buyers bears need to compete with when prices crater.

Posted 1 year ago #
Drachen
Member

Not really true Jesse, human nature says that anyone who's on the fence now will probably sit the trough part out too as they'll be afraid to buy while prices are still falling.

Posted 1 year ago #
jesse
Member

@Drachen yes, but if, say, 300 more people buy now, that's 300 fewer who can buy later. It may seem perverse but if you don't mind waiting another few months for rock bottom, it's in some ways best to load as many fools onto the ship as possible.

Posted 1 year ago #
mohican
Member

paulb. Says:
July 29th, 2010 at 5:17 pm
Dirty!

New Listings 132
Price Changes 87
Sold Listings 131

Posted 1 year ago #
vanpro
Member

Well, looks like this month could be SECOND lowest sales for July in a decade (only July, 2008 may be worse in the "summer of the credit crash").

Posted 1 year ago #
mohican
Member

paulb. Says:
July 30th, 2010 at 5:20 pm
New Listings 133
Price Changes 91
Sold Listings 75

Posted 1 year ago #
vanpro
Member

Total sales to July 30th = 2,290 by my count. So that would be slightly higher than July, 2008's 2,174. So looks like July, 2010 is the 2nd worst sales in a decade.

Posted 1 year ago #
vanpro
Member

Just thought I would post Larry's latst numbers for the past month vs. previous month in Vancouver West SFH - it's a DISASTER - sales, prices plunging!!

So much for the myth of wealthy Mainland Chinese!!

http://www.yattermatters.com/neighborhood-numbers/count-down-day-six/

Sales down to only 62 units from over 153 in previous monthand listings remaining very high - MOI in double digits. Prices down over 10% in one month!! (this follows 5% monthly decline in June over May).

Posted 1 year ago #
jesse
Member

@vanpro, Larry covered 6 major areas of GVREB in the past few days. Here are the detached sales and detached active listings numbers with MOI
City Listings Sales MOI
Burnaby 623 43 14.48837209
Richmond 880 71 12.3943662
North Van 501 48 10.4375
West Van 600 33 18.18181818
Van East 917 78 11.75641026
Van West 886 62 14.29032258
MOI Average 13.59146488
MOI Stdev 2.724413818

Yet GVREB MOI looks to be ~ 17,000/2200 = 7.7. Wonder which properties are selling, 'cause it ain't SFHs in the core

Posted 1 year ago #
vibe
Member

Jesse, for some reason Larry posts the total listings as active listings plus sold plus expired. So you need to subtract sold and expired to get the MOI. So for instance Van West has 739 active listings for a MOI of 11.9. Still quite high obviously.

Posted 1 year ago #
jesse
Member

thx vibe. Here are the updated #s though we'll know more Tuesday/Wednesday.
subRegion active sold expired inventory MOI Burnaby 623 43 60 520 12.09302326 Richmond 880 71 64 745 10.49295775 North Van 501 48 31 422 8.791666667 West Van 600 33 32 535 16.21212121 Van East 917 78 81 758 9.717948718 Van West 886 62 85 739 11.91935484 Average 11.53784541 Stdev 2.617171681

Posted 1 year ago #
vibe
Member

These numbers really don't mesh with Chipman's or Agent Will's. They both have MOI around 6 or 7.

Posted 1 year ago #

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