Sunday, July 7, 2013

No HAM means no bacon?

Fraser Valley...

No bounce in the FV. MOI sits at a whopping 8.5.


9 per cent lower sales in June 2013 compared with last year
significantly below 10 and 20 year averages.
volume of active properties at 10,515 a decrease of 1 per cent compared to June 2012

As always the Fv benchmark has been the most sticky in coming down. Defying lower volume, lower averages etc and still hanging in there. It was no different this time

Fraser Valley was $552,200, an increase of 0.2 per cent compared to $551,000 during the same month last year. For townhouses, the benchmark price was $298,700, a decrease of 2.1 per cent compared to $305,000 in June 2012 and the benchmark price of apartments was $202,500, 0.8 per cent less than in June 2012 when it was $204,200.





I suspect the real benchmark or standardized median is a lot lower than last year.



7 comments:

  1. The FV dam has sprung a little leak, but after a year+ of erosion the trickle will become a gush. As penned by the great Terry Pratchett - Interesting times.

    ReplyDelete
  2. 491 new
    274 price change
    240 sold

    7686 detached
    9180 attached

    ReplyDelete
  3. Just when you thought this dog was beaten down...like yesterday..along comes another surge of buying

    409 new
    206 price change
    260 sold

    7676 detached
    9176 attached

    ReplyDelete
  4. The bear is back!

    392 new
    219 price change
    153 sold

    7691 detached
    9216 attached

    ReplyDelete
  5. BornagainrealistJuly 11, 2013 at 8:22 AM

    Vancouver has become such a centre for the flow of HOT money that one has no idea what the real reason is for some Real Estate transactions. LOok at MLS # V1017219.

    This house was sold less than two months ago for $1,850,000.

    The house has been relisted for $1,998,000.

    $150,000 more in two months. With all the expenses the likely profit, even if sold near the list price is less than $100K.

    Now one can never know for sure who the buyer was but from the current listing agent and the name I would deduce that HAM is up there. Why would someone do that? Very odd. In thew orld of Vancouver real estate nothing is straight forward.

    ReplyDelete
  6. BornagainrealistJuly 11, 2013 at 9:09 AM

    Vancouver has become such a centre for the flow of HOT money that one has no idea what the real reason is for some Real Estate transactions. LOok at MLS # V1017219.

    This house was sold less than two months ago for $1,850,000.

    The house has been relisted for $1,998,000.

    $150,000 more in two months. With all the expenses the likely profit, even if sold near the list price is less than $100K.

    Now one can never know for sure who the buyer was but from the current listing agent and the name I would deduce that HAM is up there. Why would someone do that? Very odd. In thew orld of Vancouver real estate nothing is straight forward.

    ReplyDelete