Monday, September 19, 2011

Some FVREB Stats for Anon

North Delta

SFH listings : 183
Sales 30 days : 38
MOI = 4.8

Surrey

SFH listings: 1026
Sales last 30 days : 79
MOI: 13

Abbotsford

SFH Listings: 881
Sales: 48
MOI: 18 MOI

South Surrey/ White Rock

SFH: 753
Sales: 56
MOI: 13.4

Mission

SFH Listings: 589
Sales: 21
MOI : 28!!

Cloverdale:

SFH Listings: 315
Sales: 24
MOI: 13

North Surrey

SFH : 431
Sales: 31
MOI: 13.9

So apart from North Delta, which is a small market, we are deeply into buyer's territory and should expect some price drops in September's numbers.

Sunshine Coast over 30 MOI now.
Posted by at

15 comments:

  1. AnonymousSeptember 19, 2011 at 9:24 PM

    thanks buddy. and yayyyyyyyyyyyyyyyyyyy for Surrey

    ReplyDelete
  2. fish10September 20, 2011 at 7:10 AM

    West Van MOI 9+

    Richmond 11.5!

    These numbers are not bullish.

    What is holding these prices up? September Benchmark should have a tale to tell.

    ReplyDelete
  3. jesseSeptember 20, 2011 at 10:30 AM

    The numbers in the Valley are a wee bit in the "buyer's market" territory. But don't confuse that with stating "it's a good time to buy", because that wholly depends on the price.

    Thanks for the numbers, from one numbers nerd to another.

    ReplyDelete
  4. AnonymousSeptember 20, 2011 at 11:41 AM

    This couple moved out of his parents' big house in Richmond and bought this SFH for 3qtrM$, end 2008. They employed a nanny. His dad teaches Asian studies at UBC.
    http://preview.tinyurl.com/4xu5hbo

    2 months later, he lost his job. And their 2nd son was born in 2009 Feb 29. And he was jobless for nearly 2 years. Next contract job at Championsway ended April this year, and he joined Burnaby City or Metro Vancouver.
    http://preview.tinyurl.com/6k8yqdh

    ReplyDelete
  5. AnonymousSeptember 20, 2011 at 2:01 PM

    I am loving the stats! thank you so much. Could you explain what how you calculate months of inventory?

    ReplyDelete
  6. fish10September 20, 2011 at 4:38 PM

    Anon

    Easy. Total inventory at the end of the 30 days period divided by the total sales in that 30 day period = MOI

    ReplyDelete
  7. fishonhookSeptember 20, 2011 at 11:01 PM

    http://ca.news.yahoo.com/harper-govt-hires-cuts-consultant-90-000-day-080014776.html

    ReplyDelete
  8. frankSeptember 21, 2011 at 8:39 AM

    $90 K a day!

    Looks like the Conservatives are paying off their supporters.

    ReplyDelete
  9. daversSeptember 21, 2011 at 3:40 PM

    @anon 11:41

    There was no Feb 29 in 2009. Try again...

    ReplyDelete
  10. AnonymousSeptember 21, 2011 at 5:32 PM

    Fuzzy detail .. not really pertinent

    blog of ex-classmate @Capilano
    http://yongtaochen.wordpress.com/

    wife's blog
    http://growingmother.blog.sohu.com/#tp_c2a5f21892

    Mingpao exclusive
    http://www.iask.ca/news/canada/topic/lancyhu.html

    Singtao exclusive
    http://www.dushi.ca/tor/topic/HuYaTing/

    ReplyDelete
  11. AnonymousSeptember 21, 2011 at 6:15 PM

    for 90 k a day, you might be able to buy a descent house in vancouver if you save early.

    ReplyDelete
  12. AnonymousSeptember 21, 2011 at 7:37 PM

    Bizarre. I am seeing some of the HAM and their realtors turning round and listing for sale the same houses they bought in West Van a few months ago!

    A few hundred grand more. Why would that be? A few hundred grand cant be that much to someone who just (over)paid a couple or three Mill .

    My wife says they are 'washing' the money. Or maybe they are getting cold feet. Or maybe the dropping CAD has them concerned. Or maybe they are just flipping to each other using bank mortgages.

    Anyone have an idea what is happening.

    ReplyDelete
  13. AnonymousSeptember 21, 2011 at 8:54 PM

    Watch out for West Van... it's a manipulated market.

    ReplyDelete
  14. AnonymousSeptember 21, 2011 at 9:58 PM

    our variable rates as low as P-07, P-09
    CD rates @HK/Macau/China, around 7% - 10%
    do your math

    ReplyDelete
  15. jesseSeptember 22, 2011 at 2:36 PM

    "A few hundred grand cant be that much"

    It turns out if they're short RMB-CAD they may actually lose money on this one.

    ReplyDelete

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