Shining Screams
Posted March 5th, 2010 in Real Estate, Real Estate Stuff | 
The Shining
Let’s assume for the moment, that Wendy Torrance, played by Shelley Duval in the Shining represents the Sellers of Vancouver Real Estate and let’s further assume that Jack Torrance, played by Jack Nicholson, represents the Buyers.
Based on the past week of recorded daily activity in our local real estate market you could draw conclusion that all seems peacefull, level and steady.
Week in Review
High Drama
The ‘Shining’ was a heart stopper. Still today, it keeps you on the edge of your seat.
Reviews
New listings, Price Changes and Sold Listings appear to be on a steady path however, some market reviewers claim that the days and weeks ahead will make us glad we paid the premiere ticket price to watch another heart stopper?
Movie Trailer
Should the readers here expect that Vancouver’s shining real estate market sellers will emulate Wendy’s screams? Will buyers chop affordability doors to splinters to voice Jack’s famous words? Most importantly, when do you think the axe will drop?
Hi Larry!
I think the market is exhibiting signs of slowing now that will pick up pace in the weeks and months ahead.
I think the carnage will be epic.
I don’t think this week’s stats were balanced, I’d call them somewhat bearish and building. I agree that the all important months of inventory are building and as sheeple find it increasingly difficult to unload their crapshacks, they will do what any desperate seller would do – drop their price.
I think we are beginning to see signs of shock and horror that will unfold over the course of this year.
What do you think?
HolyCrapLarry!
Great chart. The blue line dwarf’s the purple line.
This market is entering cardiac arrest.
All is lost.
I think prices keep going higher larry, my friends son wants to buy before its too late.
@CandyBum
- for the next while you probably are right.
- I have a couple of spare hours next week. Have your friend’s son give me a call.
Larry!
Hers son was just denyed the mortgage by the bank but I gave him your website and hopefully he can by soon thanks.
First Time Poster.
Great website, very useful and interesting to read.
Larry – I must agree with the bears. The mood in this city is starting to flatten, and I’m seeing more and more listings (perhaps not a flood of them, but no shortage) and fewer of the folks in my circle are talking RE prices/buying anymore.
I do think that supply will trump demand and that prices could fall 40-60% over the next two to three years.
HJ
@CandyBum
- not to dispair.
@PostOBlues
40% – 60%?? that’s right up there with Master of Disaster Garth’s prediction that we’ll be eating squirrels – a very bullish outlook
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