OK first (sales/total listing/ MOI)
Central
221/ 5059 = 23
Northern
134/ 1663 = 19
Shuswap
143/ 1663= 29
All areas
413/ 9305 = 23
............................
Victoria
395/4300 = 11
From the Victoria RE Board
'A total of 395 homes and other properties sold in September through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), down from the 425 sales in August. There were 776 sales in September of last year. '
Like we saw in Vancouver the average SFH price bounced a little , even as sales were down- half last years.
ie more expensive properties are selling. Though they are still down 10% from the peak and condos look like they are sliding down a very slippery slope.
All well into bear territory. Lets just go over that again. At CURRENT sales it will take two years to sell all the properties listed in the OK. That would mean the over-priced or crappy stuff never gets sold.
A Hindenburg Omen in an oversold market
-
*Mid-week market update*: What happens when an ominously sounding
Hindenburg Omen occurs when the market is oversold? David Keller described
the three comp...
2 days ago
No HPI for Victoria that I can find. So we have to go with the flawed Median and Average. Victoria condos average price down 20% from peak!!
ReplyDeleteIncredible.
Thanks uncle fish!
ReplyDeleteNow you know where any additional government stimulus money is going.
ReplyDeleteAbout 50% list/sell tonight in most areas. No reason to bore you with the details. Price reductions still higher than sales in most areas.
ReplyDeleteBTW- How many Real Estate agents are there in the OK? They all have to live off pretty slim pick'ins these days.
413 to be precise.
This comment has been removed by the author.
ReplyDeleteBig tumble in the Central OK Median and Average from August.
ReplyDeleteHere are September's numbers:
Condo/Apt
Sales 37
New Listings 158
Current Inventory 988
Sell/Inv. Ratio 3.74%
Days to Sell 105
Average Price $234,800
Median Price $218,000
Residential Sales 117
New Listings 392
Current Inventory 1,666
Sell/Inv. Ratio 7.02%
Days to Sell 92
Average Price $466,382
Median Price $425,000
Here are August's:
Condo/Apt
Sales 73
New Listings 157
Current Inventory 1,047
Sell/Inv. Ratio 6.97%
Days to Sell 89
Average Price $283,464
Median Price $255,000
Residential
Sales 126
New Listings 352
Current Inventory 1,743
Sell/Inv. Ratio7.23%
Days to Sell 78
Average Price $496,077
Median Price $437,500
A good day for the bears, so I am going to put the numbers up
ReplyDelete:)
North Shore
31 new 1 Back 14 Changes 12 sales.
Van West
55, 1, 28, 19
Van East hot even today
29, 1, 2 ,18