Friday, September 2, 2011

REBGV Stats

Less sales, more listings

House Price Index (or benchmark) down July to August by under 1% -$4,500
HPI Detached down over 1% -$10,600

This would support my spin that the small blip up in average was from expensive homes being sold.

Not much else we can say for now. At least we are moving in the right direction.

News release here. The title is : Greater Vancouver home sales trend toward buyers’ market over summer.

I will post again if anything hits me from the stats package.




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4 comments:

  1. jesseSeptember 2, 2011 at 3:08 PM

    I didn't see much of much in the stats. If anything, it's no more than one more month closer to a crash.

    ReplyDelete
  2. jesseSeptember 2, 2011 at 3:13 PM

    Actually one interesting thing is the bifurcation (mohican's word) of the attached market and the detached market. In terms of gains for someone with an attached property over the past 3 years, I don't think there is too much to write home about, after accounting for depreciation and sales fees.

    Remember the trumpeter always blows his horn from the high ground so others can hear him better.

    ReplyDelete
  3. fish10September 2, 2011 at 3:55 PM

    Yup Jesse, lots of areas are negative for attched for 3 years HPI.

    and Squamish 18% lower for SFH than three years ago!

    We just need September to come in weak and we will have some fireworks starting

    ReplyDelete
  4. fish10September 2, 2011 at 4:00 PM

    Another post worth reading

    http://tinyurl.com/42searu

    ReplyDelete

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