Sunday, April 7, 2013

Fraser Valley

Summary 

 20% less sales than last March

 11% less listings than last March

 3% less inventory than last March

 MOI  is  8.4

 Benchmark, the number that keeps on giving...  up a fraction of a % for SFH and Apartments and DOWN 1.7% for attached.

 I suspect the criticism of the cannot-go-down-benchmark must have reached the Top brass. 

 The President says in his statement..“Inventory levels are not as high as they need to be to put significant downward pressure on prices of the benchmark, or ‘typical’ home. These are homes that have characteristics most common to houses in a given community."

 Hmm..with an MOI of 8.4 and sales 70% of the typical March I would suspect there is some downward price pressure. Any Fraser Valley readers out there wanting to comment on what they have seen?

 The details are here.
Posted by at

11 comments:

  1. RayApril 7, 2013 at 9:51 AM

    The details aren't there.

    ReplyDelete
  2. AnonymousApril 7, 2013 at 9:57 AM

    The key right now is to observe actual sales, in this instance data is a closer representation of the true condition of the RE market than subjective mathimatical manipulations

    ReplyDelete
  3. AnonymousApril 7, 2013 at 2:02 PM

    This comment has been removed by a blog administrator.

    ReplyDelete
  4. frankApril 7, 2013 at 4:48 PM

    fish I would say the 'benchmark' Fraser Valley home is down a lot. Just look at Chilliwack and Mission to see how many big price reductions there have been. BTW, did you see the RBC news on outsourcing their IT department?

    ReplyDelete
    Replies
    1. Fish10April 7, 2013 at 4:54 PM

      I saw that. Will put up a comment shortly.

      Delete
  5. fish10April 9, 2013 at 6:07 PM

    514 new
    219 price change
    220 sold

    7030 detached
    8759 attached

    A good day.

    ReplyDelete
  6. AnonymousApril 9, 2013 at 10:32 PM

    Hey there! It appears as though we both have a passion for the same thing.
    Your blog, "Blogger: Vancouver RE and then some" and mine are very similar.
    Have you ever thought about authoring a guest post for a related website?
    It will certainly help gain publicity to your website (my site recieves
    a lot of traffic). If you happen to be interested, e-mail me
    at: arden.sipes@live.de. Many thanks

    my webpage; furnished corporate housing san francisco

    ReplyDelete
  7. AnonymousApril 10, 2013 at 6:31 AM

    Does your blog have a contact page? I'm having trouble locating it but, I'd like to shoot you an email.
    I've got some suggestions for your blog you might be interested in hearing. Either way, great site and I look forward to seeing it develop over time.

    Also visit my page; vacation rentals by owner myrtle beach south

    ReplyDelete
  8. vancouver condo rental furnishedApril 17, 2013 at 3:47 AM

    I Love to travel Vancouver always I have many memorable moments in the Vancouver.when ever I want to relax after work i usually go to the Vancouver.This is the city of my dreams

    ReplyDelete
  9. AnonymousApril 21, 2013 at 1:11 PM

    I know this if off topic but I'm looking into starting my own weblog and was wondering what all is required to get set up? I'm assuming having a blog like yours would cost a pretty penny?
    I'm not very internet smart so I'm not 100% positive. Any recommendations or advice would be greatly appreciated. Cheers

    Here is my page - wholesale refrigerators atlanta ga

    ReplyDelete

Subscribe to: Post Comments (Atom)