Saturday 28 February 2015

Feb 2015 Month-End Vancouver RE Snapshot

Feb 1-28 2015 vs 2014:


Sales: 3086 vs 2530 = +22% YoY  (was +9% YoY last month)

New Lists: 5390 vs 4700 = +15% YoY (was -11% YoY last month)

Sales/New List Ratio: 57% vs 56%

Total Inventory: 11930 vs 13412 = -11% YoY (was -14% YoY last month)

* Projected MOI for Feb/15: 3.9 months = Mild Seller's Market
* Last February had MOI of 5.3 months (balanced market) 
* Feb 2015 brought marked YoY increase in Both sales and new listings.
* New Listings = +14% above 10 year average (2005-2014)
* Sales = +21% above 10 year average (2005-2014)
* Sales/New List Ratio similar to last year. 

Saturday 21 February 2015

Feb 1-20 Vancouver RE Snapshot


Feb 1-20 2015 vs 2014:


Sales: 2240 vs 1845 = +21% YoY  (was +38% YoY a week ago)

New Lists: 4065 vs 3493 = +16% YoY (was +17% YoY a week ago)

Sales/New List Ratio: 55% vs 53%

Total Inventory: 12669 vs 14197 = -11% YoY (was -12% YoY a week ago)

Projected Months-of-Inventory for Feb/15: 3.7-4.3 = Seller's Market

* This past week (Feb 16-20) saw continued increase in new listings, while #  of registered sales this week was the same as last year.



Saturday 14 February 2015

Feb 1-13 Vancouver RE Snapshot

Feb 1-13 2015 vs 2014:


Sales: 1476 vs 1069 = +38% YoY *

New Lists: 2653 vs 2262 = +17% YoY

Total Inventory: 12254 vs 13959 = -12% YoY

Projected Months-of-Inventory for Feb/15: 3.5-4.5 = Seller's Market

*last 2 days had spike of sales.

Friday 13 February 2015

"Seller takes big loss on Vancouver Olympic Village condo"

77 WALTER HARDWICK AVE., UNIT 404, VANCOUVER
ASKING PRICE $1,299,000
SELLING PRICE $1,225,000
Days on market Seven
Taxes $3,845
Maintenance fees $723.39
Listing agent Danny Chow, Rennie & Associates
Selling agent Bryan Yan, Regent Park Realty
The Action: The seller of this Olympic Village condo paid $1.565-million plus HST in 2010 – a loss of more than half a million dollars, according to selling agent Bryan Yan. “If they got in early, they got burnt,” he says.

Friday 6 February 2015

Feb 1-6 Vancouver RE Snapshot

Feb 1-6 2015 vs 2014:


Sales: 743 vs 614 = +21% YoY

New Lists: 1423 vs 1242 = +15% YoY

Total Inventory: 11918 vs 13717 = -13% YoY