Tag Archives: inventory

13,000 listings to kick off 2013. Let’s Party.

According to Paulb the listings odometer just rolled over the 13,000 mark.

As of last night the inventory count hit 13,035.

Of course that means it’s time for a party.

Any one think it’s possible that we might hit 14k before the month end expiries kick in?

Crashcow points out that it could happen:

Avg daily inventory growth this month: 125
Projected month-end inventory: 14,406

Although possible doesn’t mean probably.  Historically sales pick up past the halfway point in January according to VHB:

For the quant-minded, some numbers!

period sell list percent
2011Jan1sthalf 70  216 33%
2011Jan2ndhalf 110 260 42%
2012Jan1sthalf 57  271 21%
2012Jan2ndhalf 90  277 32%
2013Jan1sthalf 54  227 24%

So, if this January follows the pattern we can expect about a 50% increase in sales in the 2nd half of the month. This would mean we should average around 80 sales/day in the 2nd half of Jan2013. Listings might tick up a bit, but not by 50%.

 

FFFA! Condos! Arson! Flat! Plummet!

It’s that time of the week again, time to our regular end of the week news round up and open topic discussion thread for the weekend.  Here are a few recent links to kick off the chat:

Great Canadian crash of 2013
Permits plunge into basement
BC condo market on fire
Prices falling faster than USA
Sales people say soft landing
Fence-sitters will be sorry
Price reductions by area
Inventory Graphs
Construction quality issue
Ending debt binge leaves $50bn hole
Ping Pong Pricing Principle

So what are you seeing out there?  Post your news links, thoughts and anecdotes here and have an excellent weekend!

FFFA! Ben! CMHC! BOC! Fear! Fraud!

It’s that time of the week again! Let’s do our regular end of the week news roundup and open topic discussion thread for the weekend. Here are a few recent links to kick off the chat:

North Americas #1 Bubble
Who will be the next BOC head?
Fear, not foreign investment
Historical inventory graph
Cooling house prices not bad
Rabidoux/lepoidevin talk impressions
CMHC MI levels drop 37%
Short the banks?
RBC 22% profit increase
Flaherty asks for budget input
Flipping and fraud

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

FFFA! SALES! CONDOS! INFLATION! RENT! POT!

It’s that time of the week again, this is when we do our regular end of the week news roundup and open topic discussion thread for the weekend.  Here are a few recent links to kick off the chat:

Winter freeze for Vancouver sales?
RET better than a new condo?
Calgary & Edmonton beat Vancouver
Don’t bet on inflation for home prices
Rent Vs. Buy
Everybody must get stoned
West Van waterfront acreage $20.00
Rona sales struggling
Shadow inventory?
Mr. Christie you make good condos
Really low sales

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

Lowest September sales in 15 years

The official numbers aren’t in yet, but unless we had a gigantic number of sales that still need to be entered for the last day of the month it’s starting to look a lot like 2008.

..Actually worse than that.  According to Inventory we’re on track to have the lowest number of September sales in the last 15 years:

Sept unit sales Greater Vancouver (does not include Fraser Valley)
1994 = 2241
1995 = 1951
1996 = 2217
1997 = 2050
1998 = 1755
1999 = 1955
2000 = 1761
2001 = 2241
2002 = 2555
2003 = 3468
2004 = 3006
2005 = 3505
2006 = 2583
2007 = 2852
2008 = 1620
2009 = 3632
2010 = 2254
2011 = 2299
2012 = 1472 ***Sept 27

A few more hours to go, looks like Sept will make a record month for the lowest sales since 1995.

If Inventory is reading this, maybe they could update us on the final number in the comments.