Your Daily Dose

Daily Dose

In yesterday’s post the East Side and West Side of Vancouver, a localized segment of the market, displayed an interesting spurt up and down this past week. Viewing the daily changes for the entire service area of the REBGV a different picture appears.

Units Listed

The Units Listed held steady for the first three days as they climbed a little from 335 units to 368 units. Thursday and Friday saw a change where the Units Listed took a sizeable drop of over 100 units.

Units Sold

In almost opposite proportion the daily number of Units Sold climbed throughout the week starting at 63 and ending up at 169 units – an increase of more than 100 sales.

Price Reductions

The question is what caused the See-Saw pattern between the Units Listed and the Units Sold. Were the Price Changes a sufficient catalyst to create this event?


*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.

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:

asalvari Says:
March 13th, 2010 at 5:54 pm

Larry

simmilar to previous comment, the new listings for Vancouver All Areas* is 264 for march 12, while the graph says 244.

Whats up?

Also, if I may suggest moving away from logarithmic graph, since majority of people has no clue how to interpret.

March 13th, 2010 at 6:18 pm

@asalvari

logarithmic – vertical axis??
Tried both – in some cases it’s neccessary to reveal the lowest numbers.
Compare yesterday’s dailies to today’s.

PostOBlues Says:
March 13th, 2010 at 7:40 pm

I heard from two colleagues yesterday.

Both own (cash flow negative) investment properties.

They are nervous. Scared.

Can’t blame them.

March 13th, 2010 at 9:42 pm

@PostOBlues

– sometimes tax deductible benefits bite.

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