It’s a Horse Race

They’re Off

At this time of year watching the Active Listing count is like watching a horse race. To the second you can tell when the bell will ring to open the gates in anticipation of an exciting race to the finish.

In the Running

Vancouver and lower mainland home sellers exorcised a different start strategy this year compared to 2011 and 2012. Pushing hard they didn’t wait for the bell ring. Instead, collectively they moved the starting gate a few feet forward.

In 2011 Active Listings started the year at the 13,965 mark. 2012 started at 15,453. In 2013 the hard push is on as Active Listings began this years race from the 16,486 mark.

Faster Meaner

Watching the gates fly open it is hard to determine if the hoof pounding rush of Active Listings have home selling riders who are leaner, meaner and ready to race.

As we round the first corner, month end sales will start to pick the winners. The odds are being calculated during casual coffee chats that say early indicators are that Vancouver home buyers are leaving their box seats as race excitement builds.

Photo Credit Vancouver Archives- Jack Lindsay 1942

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:

Loon Says:
January 14th, 2013 at 7:23 am

Early indicators say that buyers are leaving their box seats.

I interpret this as buyers are not buying judging by the ~40 or so sales per day.

Can you please expand on this Larry, did I miss something ?

January 14th, 2013 at 1:16 pm

@LOON
it appears to be the opposite. month end sales will tell us whether they made it to the winners circle.

Boombust Says:
January 14th, 2013 at 4:49 pm

I think Larry means that sales are a bust. Buyers are hanging around just to see what’ll happen next.

Loon Says:
January 14th, 2013 at 4:51 pm

Hah! I’m loving your themes, you stay in character right down to the comments !

January 14th, 2013 at 5:21 pm

@boom
Until the horse crosses the finish line I’m not committed to guessing what sales will be like this month or this year. Realtor types say the phone is ringing and they are doing showings. It’s a beginning.

See comment to @LOON

Boombust Says:
January 14th, 2013 at 6:58 pm

A beginning. Hmm.

The beginning of the end or the end of the beginning?

January 14th, 2013 at 7:13 pm

@boom
I’m of the opinion that every day that you don’t see roots when you wake up is a good day for a beginning. 🙂

PurrPurrJones Says:
January 14th, 2013 at 8:17 pm

Lets bookmark this thread – I say home prices are down 15% at least…by year end.

January 14th, 2013 at 9:22 pm

@purrpurr
and if it does what then for you? will you buy a home or then as now proclaim that you are waiting till it goes down another 15%.

PurrPurrJones Says:
January 14th, 2013 at 9:53 pm

Could be Larry – We are due for a bit of a breather. We shall see where where the chips” fall” ….

January 14th, 2013 at 10:07 pm

@purrpurr

Let’s see “where the chips fall”

Excellent response that sums up Vancouver home Buyer’s view of the market.

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