As you can see - while price are up an astonishing 13% and 14% YOY in Vancouver and Fraser Valley, they are down almost everywhere else. Victoria is down 5% with a double digit rise in YOY listings.
The last two columns show the sales to listings %. We knew the OK was having problems and that is confirmed with a sales list of 5-8%! 5% sales/list means there is almost two years of inventory waiting to be sold.
I would expect these divergence to grow even more in the April data.
What, prices are up only 13% and 14% YOY in Vancouver and Fraser Valley? <>
ReplyDeleteMLS®: V860114
for sale $8,500,000
last flipped for $1,545,000 on 2009
No renovations done, except it was busted as a warehouse for toxic chemicals/drugs in November last.
Thanks for sharing all this data. Will check the others.
ReplyDeleteArrielle P