Where Did They Go?

Gone

Take a look around. Have you noticed that there are fewer lawn signs in your neighbourhood?

As sure as winter brings cold so too is the annual and somewhat predictable disappearance of weather worn Vancouver real estate For Sale signs.

Repeat

The market reaction is a bit slow this year but keeping in mind that it is only first business day of the new year I expect this week to see further drops in the total number of active listings.

Comparing the total Active listing count of January 3, 2011 which was 13,994, January 03, 2012 registered a dramatic drop from 18,024 to start the first business day of 2012 at 15,483.

Circles

The beginning of a New Year much like repeating circles, finds the Holiday spirit fading as we settle into our work routine. Repetitive, it is from within this routine that our passion for new beginnings and the pursuit of Vancouver Real Estate evolves.

Watch for a short one week market shake out of listings that haven’t sold. Then, as creatures of habit, we once more will follow our civic passion to buy and sell Vancouver real estate. If tradition is a circle, we can within days, expect to see Active Listings begin to climb thus signalling the rebirth of 2012’s Vancouver Real Estate Market with a crop of new For Sale signs in your neighbourhood.

Image Credit

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:

vanpro Says:
January 2nd, 2012 at 12:43 pm

Yes, but inventory is now 11% (15,483 vs. 13,994) higher than same date last year despite the seasonal drop. This is dramatic given the huge drop in sales in Dec.11 vs. Dec.10 (see your other post on Dec/11 REBGV data).

Best place on meth Says:
January 2nd, 2012 at 3:43 pm

So we start the year with plummeting average prices and 1500 more listings that we started last year with.

Excellent. This is going to be an enjoyable year.

Reggie Says:
January 3rd, 2012 at 4:41 pm

Happy New Year Larry, and best wishes for a wonderful/healthy/prosperous 2012!!

That said, on price/sales trends, I side with the bears, given my view on valuation metrics.

We live in interesting (and very wet!) times.

Best Regards,

RL

January 3rd, 2012 at 4:45 pm

@reggie
thanks and ditto 🙂

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