British Columbia Real Estate - Anybody Home?
Posted August 15th, 2008 in Real Estate, Statistics
Cameron Muir in his August 15/08 British Columbia Real Estate Association report, uses the word S W O L L E N to describe the current condition of B.C.’s real estate. Those of us who are discrete might use the same word to describe the Fat Lady.
The ‘Skinny’ on July/08
- dollar volume down 38%
- unit sales down 37%
- average price down 0.5%
Year To Year CHANGE
- dollar volume down 18%
- unit sales down 24%
- price up 8.2%
Olympic Sized CHANGE
In July the number of homes for sale in B.C. increased 63% from last year!
Can This Mean
- 1. that projected sales for Olympic tickets will be way down?
- 2. that nobody will be left in the province to hear the chubby girl sing?
Super Natural
In the past it was a catch phrase used to describe all the wonders our province has to offer. New to the list of greatness, is a feeling that half of the province is for sale. Who among us will be here to volunteer for the Olympics?
Got a Vancouver Real Estate question? Always happy to answer it. Call or send me an email or twitter me @yattermatters.
Larry
Information Courtesy of BCREA
