Tuesday, March 12, 2013

The ides of March

What do have to compare with? From the REBGV stats:

In March 2012, there were 2874 sales, 30% less than March 2011, and 8% less than March 2010.

March 2012 had the second LOWEST sales of any month since 2002. It was 17% below the 10 year average.

Listings were up 15% from March 2011.  

What does this all mean? It mean March 2012 was a very weak month and the bar is set very low.

If we go under March 2012's sales we really are in a correction.








36 comments:

  1. 484 new
    229 price change
    238 sold

    6694 detached
    8412 attached

    ReplyDelete
  2. This comment has been removed by a blog administrator.

    ReplyDelete
  3. Replies
    1. Yup - sometimes less is more
      March will be very important for the RE market

      Delete
  4. Con-rad the tax-evader?

    http://www.cp24.com/cra-after-more-than-5m-from-conrad-black-1.1192900

    ReplyDelete
    Replies
    1. Shows that the CRA must have some independence from the Tories

      Delete
  5. We have a new pope! I wonder if the market will crash before there's need for another one.

    ReplyDelete
    Replies
    1. With all the problems the new Pope will face, I would think he will be as happy as the next boc governor or BC Premier

      Delete
  6. 403 new
    176 price change
    191 sold

    6722 detached
    8442 attached

    ReplyDelete
  7. 413 new
    174 price change
    166 sold

    6752 detached
    8480 attached

    ReplyDelete
  8. This comment has been removed by a blog administrator.

    ReplyDelete
  9. 377 new
    167 price change
    189 sold

    6760 detached
    8486 attached

    ReplyDelete
  10. MSM are on it now

    http://ca.finance.yahoo.com/blogs/pay-day-/housing-sales-plummet-canada-hot-market-finally-cools-154508820.html

    ReplyDelete
  11. This comment has been removed by a blog administrator.

    ReplyDelete
  12. This comment has been removed by a blog administrator.

    ReplyDelete
  13. 468 new
    202 peice change
    222 sold
    6771 detached
    8482 attached

    ReplyDelete

  14. numbers

    439 new
    181 price change
    204 sold

    6771 detached
    8514 attached

    ReplyDelete
  15. This comment has been removed by a blog administrator.

    ReplyDelete
  16. This comment has been removed by a blog administrator.

    ReplyDelete
  17. Sorry - having trouble getting the numbers tonight.

    ReplyDelete
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  19. Yesterday's numbers


    400 new
    223 price change
    223 sold

    no mistake both are 223 !!!

    6807 detached
    8553 attached

    ReplyDelete
  20. Hey fish

    Think there might be a bump in listing as the tulips bloom, or is this just going to be an overall dead year?

    Longtime lurker, thanks for the data

    ReplyDelete
    Replies
    1. Hi Anon. I hope so, so far there has been a slight bump in sales the last few days

      numbers

      337 new
      188 price change
      235 sold
      6807 detached
      8556 attached

      Delete
  21. This comment has been removed by a blog administrator.

    ReplyDelete
  22. We have to admit bears, there has been an up-tick in sales the last week

    numbers

    372 new
    185 price change
    238 sold
    6824 detached
    8551 attached

    ReplyDelete
  23. This comment has been removed by a blog administrator.

    ReplyDelete
  24. This comment has been removed by a blog administrator.

    ReplyDelete
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