Tiny Bubbles

Daily Bang

Sometimes things pop up in Vancouver’s real estate that just simply defies explanation. Such was the case this week with the daily numbers.

Bright Monday

It was then that the first nuance that something was happening first occured. The New Listings number shot up to 115 while the Units Sold seemed to acquire a shiny new pair of cement boots.

Sunny Tuesday

Excitement was unbounded in some circles bearing classic comments that declared ipso facto that the market was crashing or at a minimum, about to crash.

Cloudy Wednesday

A dark cloud appeared on Wednesday as the number of daily New Listings dropped and Units Sold increased. To some it was a foreshadowing while others, viewed it as the market ‘catching its breath’.

Thursday Twin

Another day passed and Wednesday’s cloud darkened. New Listings continued to decrease as Unit Sales more than doubled from Monday’s low.

TGIF

Reaching highs and falling back, the week settled out to what it is – normal. It was a fun week that made some folks happy and others not so much. It was a week that made some people pour a drink as they considered the wonder of it all.

It was a week of days reminicent of this song.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

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*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

PostOBlues Says:
March 12th, 2010 at 8:11 pm

yup, the trend is still uncertian. Bearishly tilted at the moment, but uncertian.

Boombust Says:
March 12th, 2010 at 9:12 pm

Remember…the trend is your friend. And mine, too.

If you’re gauging the entire REBGV market based upon what is only happening in Vancouver, then Vancouverites are even more insular than I thought.

There IS a world beyond Boundary Rd, y’know. And it ain’t lookin’ pretty.

March 13th, 2010 at 12:00 am

@Boombust –
the presumption is that you are responding to PostOBlues – correct?

davers Says:
March 13th, 2010 at 12:50 pm

Boombust

I dont think anyone implied that there wasnt a world outside vancouver proper. For someone looking to buy there these are really the only numbers that really matter.

asalvari Says:
March 13th, 2010 at 5:48 pm

Hi Larry

your entry for march 12 for vancouver is:
Vancouver East & West*
New Listings – 81
Back On Market Listings – 0
Price Changes – 22
Sold Listings – 46

While the graph shows 74 new listings – what I am missing ?

Thanks for sharing the data.

March 13th, 2010 at 5:57 pm

@asalvari

you are not missing anything. I had explained this problem in an earlier comment.
You’ll notice the time stamp at the bottom.
While I am a quick as lightening 🙂 from the time I build the graph to the time I publish it these numbers change.
Only month end numbers are locked down.
Everything else is dynamic – when viewing any of REBGV’s numbers you must keep this in mind
There are agents using “Broker Load” at any time of the day and so when they click enter the numbers change.
As business commitments permit the goal is to post the numbers around 6 pm when the board is closed.
It is however, impossible to control when Realtors are entering data.

Hope that helps unconfuse the confusion.

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