In all diving contests, divers are required to perform a specified number of dives. A key judging element is the entry splash the dive creates.
Looking at the history of Vancouver’s real estate market you will find that it too has performed a number of dives – some with more splash than others.
Back in June of 2008 Vancouver’s housing market was in the middle of a steep dive as it recorded only 33,136 sales. The decreasing number of sales continued to twist and turn as it dropped to September 2008′s total of 28,475 sales. That particular dive straightened months later with a grand splash as April 2009 recorded total sales of 21,459.
It appears that the dive graph called Vancouver house sales contains indicators that the market may surpass September 2008′s lackluster performance with June 2012 recording 28,617 sales – only a few hundred sales separate the two.
As you read this the points collected for this dive are being tallied by the judges. In the midst of untangling the results for presentation in early August the judges may in the interim view this contorted graph and its indicators suggesting Vancouver’s real estate market’s performance is not about to straighten. As such, there is little chance of a smooth entry but there is expectation of a big splash.