4th Down
Posted September 4th, 2010 in Real Estate, Statistics | ![]()
Four Downs
American football, that game where big guys beat each other up as they chase a leather ball to and fro on an open field has I’m told, 4 downs.
I always wondered from where the ‘down’ part of the game originated. Apparantly, in 19th century rugby, it meant that the ball became dead on the field of play by mutual consent of the opponents.
Wondering at other possibilities – what if both sellers and buyers of Vancouver real estate agreed that the market was dead and agreed as did football players of yesteryear to ‘have it down’.
Some opinions want the market to be dead. Those that want the play to stop have been shouting ‘down’ for some time. Continuing the LAPS series, one might conclude that they held influence over Vancouver’s apartments which according to ‘American’ football rules managed four downs in August.

Vancouver Apartment Units Listed
Units Listed are down. They hit the field at 1,683, a drop from April’s high of 3,249 and July’s 1,792.

Vancouver Apartment Units Sold
Apartments sold are down. These slammed into the turf in August with a count of 936, dropping from July’s 979 units sold.
Vancouver’s Apartment Active Listings
Active Listings are down. August’s 6,493 units have come to a stop on the line from July’s 6,913.
Vancouver’s Apartment Average Price
Apartment’s Average price are down. $443,100 was recorded July, August prices slid past the post to $430,598.
Field Goal
It seems the buyer team has bigger players than the sellers. Perhaps September will see a field goal attempt.
**A correction was made to this post as avid fans informed that Canadian football only has 3 downs – seems unfair!





Larry, Canadian football has 3 downs.
The Americans have 4.
@special
what a ‘downer’!
well… it’s clear football is not my specialty. I’m much better at selling houses.
Sometimes I wish there weren’t so many transactions costs in real estate, boy is it easy to forecast the short term sometimes. Any given month that listings are down and sales are up (I know I’m not re-inventing the wheel) the market goes on to rally for several months.
Let’s hope this chart of August shows listings down and sales up (from some of the stats I look at there is a possibility) which will lead to a nice rally into winter.
@mh
agreed and then there are taxes and more taxes to acquire a property it is rediculous. I once added up the paper that is generated by all parties associated with each transaction and the number of people who touch that paper. It’s mind boggling. As I remember, my deals alone probably used all the trees in Stanley Park.
“it’s clear football is not my specialty.”
But Larry, aren’t you one of the 3 in the picture?
@special
nope – those guys look like they know what they are doing