Daily Snapshot

Looking Back

It was a busy week with more listings and more sales in the Vancouver real estate market.

East Side – West Side

ED. Note:

Schedules preclude being at a particular spot every day to record the daily listing sales activity. As such these graphs represent a one time snapshot of the day’s activity. It must be understood that the snapshot may occur at different times on any given day. While an effort is made to record the numbers during a particular time period, it is not always possible to accomplish.

As example, the past week’s snapshot will on April 7, show a much higher number. It was recorded quite late in the evening compared to the others. To complete this understanding, the data acquired is dynamic. To rationalize the constant change I have made a point of time stamping when the data is recorded plus or minus a few minutes to ensure that during your deliberations you are aware of the data fluidity. The time stamps are available each day but are not saved for the purpose of this graphical representation.

REBGV System Wide

Brisk

The market continues it’s brisk activity. Many more listings have come to market to replace in part those that are being sold. Open houses attended are busy with many buyers continuing there search for property that suits their needs and budgets.

House Touring Thoughts

On a journey through some east side home with buyers noticed was a great number of homes viewed below the $800K mark that are in need of substantial repair. Perhaps the worst of the bunch in this week’s buyer tours was one where it would have not taken much effort to have a great proportion of the exterior stucco fall to the ground with the flick of my wrist. Reason, prolonged water ingress from the roof had saturated the entire wall. This obvious defect did not dissuade the lady in attendance from claiming that her dad had done the work and felt he did a great job of fixing the place up. Really!

To be clear, I’m not a building inspector but, some things are painfully obvious.

Little hint: when looking at a home look down the sides of the house. Look for things that are not square. Not sure – use the Open House sheet of paper the Realtor gave you. The corners of the paper are 90 degrees so you now have a square. See a bulge on an outside wall? Be sure to put a lot of hand pressure on the walls as you walk along the outside to see if they are soft. Movement often means there is a problem. Cracks in stucco are a first hint and are a wonderful opening for water followed by an invitation to a large repair bill.

Got a digital camera – use it. There are a lot of things you will notice upon review after your house tour. You may find an owner who doesn’t want you to take pictures for security purposes. As an option is to offer to leave them your name and phone number or business card in exchange.

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.

When Life Moves You - contact Larry:

*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:

Samsonite Says:
April 12th, 2010 at 8:48 am

Many more listings have come to market to replace in part those that are being sold

they replace the sold listings much more than ‘in part’

timestamp – most of the later evening activity are listings, so somewhat skews this

appreciate your efforts and taking pains to fully clarify the stats – many thanks!

davers Says:
April 12th, 2010 at 11:04 am

Man 800K for a house in need of serious repair. Todays buyers are going to be kicking themselves in a few years.

The worst part is, with the high listings and high sales it means that a large amount (larger than normal, right?) of houses will have fresh mortgages on them and those people will be the most vurnable when the market inevitably turns closer to something resembling sanity.

Looks like the smart people are getting out while the going is good and anyone buying now is getting in before rates go up.

Still, must be a great time to be a realtor, eh Larry? Listings arent hard to get and they arent tough to sell.

April 12th, 2010 at 12:49 pm

@davers
it’s always a good time for this Realtor.

Boombust Says:
April 12th, 2010 at 7:04 pm

“…it’s always a good time for this Realtor.”

You should trademark that, Larry.

April 12th, 2010 at 9:22 pm

Boombust
little over the top don’t yah think 🙂

doesn't matter Says:
April 12th, 2010 at 10:10 pm

Larry Sir,

Could you please confirm 872 sales today?

I am just courious to know .Please thanks!

April 12th, 2010 at 10:20 pm

@doesn’t matter
at 22:17 PST. I show 208 for REBGV ATTACHED AND DETACHED.

doesn't matter Says:
April 12th, 2010 at 10:30 pm

Thank you sir,

There was a poster constantly displaying sales over sales finally he stopped at 872 .so i thought it would be better to find out from Voice of Vancouver real estate,Larry Yatkowski as seen on cbc vancouver.

Have very good night.

April 12th, 2010 at 10:51 pm

@doesn’t matter
it’s possible he is using some other way to come up with that number so I can’t comment. You might want to ask how he is arriving at the number if it isn’t making sense to you.
The number you see in the Dailies on this blog are only today’s total at the time noted plus or minus a few minutes.

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