tag:blogger.com,1999:blog-7123542260692860177.post7085865184413817634..comments2023-12-02T00:38:46.467-08:00Comments on House Hunt Victoria: Double countingHouseHuntVictoriahttp://www.blogger.com/profile/07456914359088891317noreply@blogger.comBlogger180125tag:blogger.com,1999:blog-7123542260692860177.post-12809627439927467072011-12-28T08:45:31.712-08:002011-12-28T08:45:31.712-08:00Wednesday, December 28, 2011 8:00am
MTD
Decembe...Wednesday, December 28, 2011 8:00am<br /><br />MTD<br /> <br />December<br /><br />2011 2010<br /><br />Net Unconditional Sales:<br /> <br />301 349<br /><br />New Listings:<br /> <br />441 522<br /><br />Active Listings:<br /> <br />3,695 3,252<br /><br />Please Note<br /> •Left Column: stats so far this month<br /> •Right Column: stats for the entire month from last yearMarkohttps://www.blogger.com/profile/08315282480144281935noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-16344463287121022552011-12-28T08:43:58.498-08:002011-12-28T08:43:58.498-08:00This comment has been removed by the author.Markohttps://www.blogger.com/profile/08315282480144281935noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-63865942689199123532011-12-28T07:40:44.656-08:002011-12-28T07:40:44.656-08:00I see there is already an accepted offer in place ...I see there is already an accepted offer in place on Dalhousie. These ones are still snapped up very fast.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-80965890658245471442011-12-28T06:47:36.796-08:002011-12-28T06:47:36.796-08:00thanks Marko - saw that come up yesterday. Not a ...thanks Marko - saw that come up yesterday. Not a bad location at all - about as close as you can get to Willows School. And $569K - the market is headed in the right direction. Just a bit too small for my herd.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-122508557714311312011-12-27T19:08:16.538-08:002011-12-27T19:08:16.538-08:00Several blog regulars are looking to buy in Oak Ba...Several blog regulars are looking to buy in Oak Bay. Well here is a new listing in Estevan for only 569K!!<br /><br /><a href="http://www.realtor.ca/PropertyDetails.aspx?PropertyID=11423474&PidKey=-1163302831" rel="nofollow">MLS 302545</a><br /><br /><a href="http://www.chrisfairlie.com/listing2.html?building_id=142205" rel="nofollow">Agent site - Photos & Floorplan</a><br /><br />Better be quick before its gone...<br /><br />P.S. Call Marko first and save even more.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-35657247183853446012011-12-27T12:10:22.961-08:002011-12-27T12:10:22.961-08:00"By month end we won't be far off the 349..."By month end we won't be far off the 349 level of 2010..."<br /><br />With only three business days left looking at my matrix I don't think we will get to 349....Markohttps://www.blogger.com/profile/08315282480144281935noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-65943373342713210742011-12-27T12:05:00.968-08:002011-12-27T12:05:00.968-08:00Hi all, here are my stats for the week of 19 Dec t...Hi all, here are my stats for the week of 19 Dec to 15 Dec:<br /><br />SFH: Min 2 beds & 2 baths in Victoria, Oak Bay, Esquimalt, Saanich East and Saanich West. Priced between $375K & $775K.<br /><br />New:7<br />OM:14<br />P/C:4<br />Sold: 10<br /><br />Avg Selling Price: $576K<br />Med. Selling Price: $560K<br /><br />6 out of the 10 sales went for below BC Assm't and 7 out of the 10 had secondary suites.Alexandraherehttps://www.blogger.com/profile/13100843258061373047noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-77537151039052662542011-12-26T15:05:46.050-08:002011-12-26T15:05:46.050-08:00Hope everyone had a nice Xmas and enjoyed the big ...Hope everyone had a nice Xmas and enjoyed the big feast!!<br /><br />Here is a weekly stats update for the period Dec. 18-25. Previous weeks numbers in ()<br /><br />Unconditional sales: 65 (79) (94)<br />New listings: 75 (144) (133)<br />Price changed: 64 (93) (109)<br />Cancelled: 27 (45) (59)<br />Expired: 87 (115) (75)<br />Back on market: 8 (9)(9)<br /><br />As you can see things have been pretty slooow.... Should be more of the same this week with Monday & Tuesday being holidays. Sales so far this month around 295. By month end we won't be far off the 349 level of 2010...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-60168754218254383222011-12-26T15:00:32.291-08:002011-12-26T15:00:32.291-08:00This comment has been removed by the author.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-17312141191801664722011-12-24T19:18:28.868-08:002011-12-24T19:18:28.868-08:00Have a wonderful holiday season everyone. Look fo...Have a wonderful holiday season everyone. Look for the light and bask in the sparkle of your children's eyes and be patient and truly listen to some of your parents/grandparents thoughts, opinions & advice. They've been there.Alexandraherehttps://www.blogger.com/profile/13100843258061373047noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-44821238072144558952011-12-24T16:02:35.033-08:002011-12-24T16:02:35.033-08:00Thanks simple man. Merry Christmas/Festivus every...Thanks simple man. Merry Christmas/Festivus everyone.Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-18606394814732855922011-12-24T13:20:47.952-08:002011-12-24T13:20:47.952-08:00I want to extend the happiest Christmas to you all...I want to extend the happiest Christmas to you all. I appreciate all of your discussion throughout the year.<br /><br />May you be surrounded by those who you love and who love you.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-6891963238123817792011-12-24T13:01:19.447-08:002011-12-24T13:01:19.447-08:00Maybe not every property, but certainly for this p...Maybe not every property, but certainly for this place in Sooke JJ pointed out a few threads back:<br /><br /><i>$177,750 bought in April 2003<br />$244,000 bought in August 2004<br />$291,000 bought in September 2006<br />$312,000 bought in September 2007<br /><br />And now in November of 2011<br />bought for $256,500<br /><br />That's a BIG roll back in prices probably to the first quarter of 2005.</i><br /><br />If a property is selling for 2005 prices now, it means the person buying now is way ahead of one buying in 2005 due to the rental deficit.patriotzhttps://www.blogger.com/profile/11154064267408955762noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-7287222969613507132011-12-24T11:54:27.417-08:002011-12-24T11:54:27.417-08:00since someone renting since 2005 and buying now wo...<i>since someone renting since 2005 and buying now would come out ahead of someone who bought in 2005.</i><br /><br />That.. No.Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-25346638794248510282011-12-24T11:38:37.916-08:002011-12-24T11:38:37.916-08:00Hey, Roger's back. Welcome back Roger. Stick...Hey, Roger's back. Welcome back Roger. Stick around. Things are finally getting interesting. <br /><br />S2 (JJ's wife)Johnny-Dollarhttps://www.blogger.com/profile/12950799399842707067noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-38342352279549758352011-12-24T11:25:11.826-08:002011-12-24T11:25:11.826-08:00I have a feeling that if you include all costs and...I have a feeling that if you include all costs and adjust for present value to today the break even point for a purchase may well be some point in 2004. <br /><br />Which would mean that those who have been bearish about Victoria RE since 2005 would now be proven right, since someone renting since 2005 and buying now would come out ahead of someone who bought in 2005.<br /><br />That's an outcome of the flat prices since 2008 during which the rental decifit has continued to compound without price appreciation.<br /><br />You may applaud now.patriotzhttps://www.blogger.com/profile/11154064267408955762noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-19340710617850125262011-12-23T17:40:11.401-08:002011-12-23T17:40:11.401-08:00patriotz - hell, I was being ultra-generous with t...patriotz - hell, I was being ultra-generous with the numbers, of course the differential to mortgage is higher, and likely there is an extra year or two of annual costs to calculate out (considering that one needs to have bought in 2005 to break even.<br /><br />I'll see what I can do with a proper calculation on this - more than just a mental calculae, something in a spreadsheet model might do the trick. Then again, I can just use the on-line one :)Animal Spirithttps://www.blogger.com/profile/14290032551579947421noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-90754148002616351552011-12-23T17:37:02.659-08:002011-12-23T17:37:02.659-08:00a simple man,
687 Island Rd expired after 61 DOM....a simple man,<br /><br />687 Island Rd expired after 61 DOM. Price started out at 1.189 M and was reduced by 50K but no takers. Assessment is 621.7K so something was strange...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-80271634658941990442011-12-23T17:34:39.758-08:002011-12-23T17:34:39.758-08:00Some powerful graphs in this post fro the economic...Some powerful graphs in this post fro the economic analyst site:<br /><br />http://theeconomicanalyst.com/content/house-price-rent-ratios-canadian-cities-alarming-levelsa simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-66042259461805585662011-12-23T15:52:31.836-08:002011-12-23T15:52:31.836-08:00"Eventually he will luck out and be right!&qu..."Eventually he will luck out and be right!"<br /><br />As I've pointed out, RE bears only have to be right once, because it doesn't cost them anything to wait for prices to come down.<br /><br />It's the bulls who always have to be right, because if prices ever go down it means buying was the wrong decision.patriotzhttps://www.blogger.com/profile/11154064267408955762noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-68107185766127994602011-12-23T15:49:32.339-08:002011-12-23T15:49:32.339-08:00"And yet people continue to quote whatever he..."And yet people continue to quote whatever he says over and over again"<br /><br />Which people and which whatever? On this forum I don't hear much except his views on Canadian RE, which are hardly original.<br /><br />But he does put them forth in an entertaining way.<br /><br />What annoys me is people who give as "evidence" that there's no bubble Garth's claim that there is one.patriotzhttps://www.blogger.com/profile/11154064267408955762noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-32243511723993576492011-12-23T15:35:03.637-08:002011-12-23T15:35:03.637-08:00And yet people continue to quote whatever he says ...<i>And yet people continue to quote whatever he says over and over again...that is my problem. Eventually he will luck out and be right!</i><br /><br />And can you imagine the gloating when that happens? <br />Even though sometimes tedious, his blog is still pretty entertaining. Once I realized he's there to sell books and his own investment services it became a lot more clear to me why he writes what he does.Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-67321996502430470822011-12-23T15:26:23.703-08:002011-12-23T15:26:23.703-08:00Did that Island Rd property for ~1.2 million sell ...Did that Island Rd property for ~1.2 million sell or was is taken off the market? It is no longer on realtor.caa simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-78217990732111766652011-12-23T15:20:17.463-08:002011-12-23T15:20:17.463-08:00"I think people are sensitive to prediction f..."I think people are sensitive to prediction fatigue to some extent. You yourself said Garth Turner has no credibility due to his wrong predictions."<br /><br />And yet people continue to quote whatever he says over and over again...that is my problem. Eventually he will luck out and be right!Markohttps://www.blogger.com/profile/08315282480144281935noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-23629936571846752552011-12-23T14:33:28.095-08:002011-12-23T14:33:28.095-08:00". Include mortgage differential to rent (say...". Include mortgage differential to rent (say with a variable rate, 300/month*12*4)"<br /><br />Way more than that. Remember rates were a lot higher than today from 2006-2008. And it was 5 years, not 4.<br /><br />> 100K total loss, easy.patriotzhttps://www.blogger.com/profile/11154064267408955762noreply@blogger.com