Turbo Charge This Santa

Santa

Can Santa alter the traditional pattern of Vancouver active listings in decline?

Snow Flakes

For Vancouver and lower mainland home sellers the first signs of snow flakes on mountain tops act as a seasonal signal to reduce housing inventory. The decline in active listings usually begins with the first fall chill and continues through the Holiday Season. Predictably the ramp up of active listings will begin anew in the first or second week of January.

Slow Slide

In 2012 the total number of active listings reached a new high to peak at 28,159 on July 1. By way of comparison July 1 2011 recorded 24,009.

The current decline seems like a slow slide. At its current pace it is not moving quickly enough to realign this market’s active listings with previous years. Currently, Nov 26, 2012 records 24,320 compared to Nov 26, 2011’s – 22,545.

Turbo

In order to come anywhere close to the low total of 13,994 active listings seen in January 2011 the current pace will need a special gift from Santa – a turbo charger.

That extra boost down the snow covered hill might be the solution! As we think of sugar plums we wonder – will Santa place that gift under the Vancouver real estate market tree?

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:

Form Man Says:
November 27th, 2012 at 5:48 pm

this year it might be a lump of coal for the Vancouver real estate market……………

Van guy Says:
November 28th, 2012 at 12:19 pm

Santa has no helpers this year. Due to the poor economy, Santa had to lay off the elves and let some reindeers loose.

Anyways, it looks like we could be heading into the spring market with further declines. I’m getting mixed news about the market from several realtors. Not sure of what to believe. Lots of inventory still and not too much decline except for Van west and Richmond.

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