Mar 26 Market Update

MLS numbers update courtesy of the VREB via Marko Juras. These numbers are for the Victoria Real Estate Board's reporting area, including Sooke, Shawnigan Lake and the Gulf Islands.

	March 2014				March  2013
	Wk 1	Wk 2	Wk 3	Wk 4
Unconditional Sales	132	259	393		483
New Listings	361	664	953		1231
Active Listings	3826	3927	4007		4333
Sales to New Listings	37%	39%	41%		39%
Sales Projection	---	543	550
Months of Inventory					9.0

On track for about 15% increase in sales over last year.  It's a misleading comparison though, because in March of 2012 we had 570 sales, in 2011 we had 622, and in 2010 there were 789.   The sales rate is still in the toilet, just not the worst we've ever seen.

By the way, is anyone actually swayed by arguments around what the average person is or isn't doing?  The average homeowner won't be in trouble.  The average Canadian doesn't buy US property.  What the heck is the average Canadian?   Anyone have a definition of average that don't make those statements completely meaningless?

Market update

MLS numbers update courtesy of the VREB via Marko Juras. These numbers are for the Victoria Real Estate Board's reporting area, including Sooke, Shawnigan Lake and the Gulf Islands.

	March 2014				March  2013
	Wk 1	Wk 2	Wk 3	Wk 4
Unconditional Sales	132	259			483
New Listings	361	664			1231
Active Listings	3826	3927			4333
Sales to New Listings	37%	39%			39%
Sales Projection	---	543
Months of Inventory					9.0

Despite all appearances, House Hunt Florida continues.
And it seems so does the Victoria market.   Sales seem to be off to a strong start here, a bit of a surge unlike last year.  Do people buy houses during spring break?   If this pace continues we will eclipse last March in sales by quite a bit, and even post a somewhat respectable number.    Wonder how our new finance minister will react to his predecessor's failed efforts to tame the housing market?


Update thanks to poobserv:  Looks like I'm dyslexic and wrote 295 rather than 259.  Sales are ahead of last year's pace but not nearly as much as previously stated.

It's March

High time for the spring market to get going.   So how is it looking?  Well not that great.  The VREB has the details as always.

Marginally better sales than last year but that's nothing to write home about.   We're still far off any semblance of a good market.   

More graphs coming later, for now, here's an advertisement idea I saw for you, Marko.  Maybe hand out some flyers?

Courtesy of the League of Gentlemen.