Last 30 days Active/Sold
Please work out the MOI yourselves
1) Maple Ridge
651/45
2) Pitt Meadows
49/12
3) Sunshine Coast
589/31
4) Richmond
990/80
5) Vancouver West
875/110
6) West Vancouver
440/60
7) Burnaby
455/71
8) Squamish
192/11
9)Port Moody
123/13
10)Surrey
2165/218
11)Abbotsford
747/49
12)Mission
515/26
13)Cloverdale
299/33
14)Langley
830/96
15) North Van
292/96
........
Van West Attached:
2313/303
Richmond Attached
1415/135
Surrey
1750/150
How to trade the post-election melt-up
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*Mid-week market update*: I pointed out on the weekend (see A final update
on the Trump Trade: Tail-risk assessment) that the term structure of the
VIX had...
22 hours ago
thanx buddy, those numbers rock.
ReplyDeleteHOLY CRAP.
ReplyDeletethis is looking like a 10-car pile-up happening in slow-mo. Richmond is going to be a bloody mess, and it's only APRIL.
No New West ?
ReplyDeleteNew West 103/22
ReplyDeleteBasically, It appears that the bubble is confined to North Van.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteHere are the MOIs (you're welcome :)
ReplyDelete1) Maple Ridge: 14.47
2) Pitt Meadows: 4.08
3) Sunshine Coast: 19
4) Richmond: 12.38
5) Vancouver West: 7.95
6) West Vancouver: 7.33
7) Burnaby: 6.41
8) Squamish: 17.45
9)Port Moody: 9.46
10)Surrey: 9.93
11)Abbotsford: 15.24
12)Mission: 19.81
13)Cloverdale: 9.06
14)Langley: 8.65
15) North Van: 3.04
Van West Attached: 7.63
Richmond Attached: 10.48
Surrey Attached: 11.67
Thanks Makaya- it takes me long enough to gather the data, the MOIs were beyond me this week :)
ReplyDeletePretty bearish stats. Fingers crossed.
Squamish, Mission and Sunshine Coast #s are dramatic...
DeleteClose to us, Richmond is cooked. Can't feel sorry for all those who won the bidding wars last year...
So not used to numbers like that my eyes, blurry, old habits die hard, I don't know what, saw it like this: Van West attached 313 active 303 sold. But that's clearly not the case when it's 2313/303.
ReplyDeleteHoly! But how unusual are these numbers, Fish? Are there normally 10 times the amount of properties on the market per how many sold each month? Thanks for these by the way. I hope the duct tape didn't nearly fall off when you saw some of these.
Egg the numbers for this time of year is very unusual. I guess we have just hit the ceiling of affordability. To change course we will need a driver:
DeleteLower rates- not much room for that
More Mainland Chinese buyers- always possible but select areas and multi-projects
Government stupidity- yup, always possible and in fact likely.
stupidity ... NAH
Deletecahoots ..... YEAH with the industries and their global fat cats club
Makaya,
ReplyDeleteI wouldn't get too excited by Richmond numbers. The main reason Richmond has dried up is because of fear and superstition. I'm sure you know about the post-Japanese tsunami freak out by HAM buyers who then went on to drive up everywhere else. This could reverse itself the moment the herd thinks Richmond is cheap enough to offset the risks of The Big One. The whole thing makes me sick. The greed and the superstition.
Reading with intrigue....just sold town house in North Van and renting, will wait..but N van is still looking very bubbly ...is there a reason for this? anyone able to explain, please? and thanks.
ReplyDeleteI suspect that West Van has reached such stratospheric prices with the-bueyrs-from-you-know-where that North van is looked upon as a cheaper alternative.
Delete