Reader Barb Rennie posted this in yesterdays thread, can any Realtors vouch for it’s accuracy?
Total number of Sales in West Vancouver for Detached Homes:
Month of January 2014 – 55
Month of January 2015 – 36
Total number of Sales in Vancouver Westside for Detached Homes:
Month of January 2014 – 147
Month of January 2015 – 77
Are all sales from January 2015 are tabulated yet or is this apparent drop in west side sales simply due to incomplete data?
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%.