tag:blogger.com,1999:blog-7123542260692860177.post9153444336653527786..comments2023-12-02T00:38:46.467-08:00Comments on House Hunt Victoria: Market TransparencyHouseHuntVictoriahttp://www.blogger.com/profile/07456914359088891317noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7123542260692860177.post-41798493394278496422007-07-12T17:09:00.000-07:002007-07-12T17:09:00.000-07:00Multiple offers below asking is still multiple off...Multiple offers below asking is still multiple offers, and a high sales:list ratio could be considered a hot market. It wouldn't surprise me at all if there were people out there who think that now is a good time to get a "deal" and are offering a few percent under asking. The real bleeding hasn't started yet.Ryanhttps://www.blogger.com/profile/10104704096049638272noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-58993544507876358582007-07-09T14:12:00.000-07:002007-07-09T14:12:00.000-07:00I am no expert and I have said this before ...I am...I am no expert and I have said this before ...<BR/><BR/>I am getting daily sales listings (as we are currently looking for a house) of properties $500,000 to $5,000,000 (we are not spending $5,000,000) and nothing is moving over $1,000,000. Every home that sells is under asking and there are price changes galore for homes of all prices.<BR/><BR/>I am always being told that there are multiple offers and it is a hot market. I don't see it. Nothing is moving in the over $million range. <BR/><BR/>I am looking at Oak Bay, Cadboro Bay, Upland, Cordova Bay, Fairfield, Elk Lake, Prospect Lake, Broadmead.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-417255472696265322007-07-08T21:47:00.000-07:002007-07-08T21:47:00.000-07:00BC Assessment is one avenue for certain. But I dou...BC Assessment is one avenue for certain. But I doubt very much if they track non-sales. If a home is listed but not sold, or if a new unit/SFD comes into the market, BC Assessment has no reason to track these right? <BR/><BR/>Ultimately, BC Assessment exists not for the consumer, but as a crown corporation that is meant to serve government primarily in the area of taxation. That being the case, there is no incentive, financial or otherwise, for BC Assessment to track this information. <BR/><BR/>If the market is being fudged, whether a purpose or as a consequence of loose self-regulation, the key information necessary to track is listings to sales ratios and final sales prices. We can't get an accurate number of total units of product and have reason to be skeptical of the actual sales prices.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-34514706286185802062007-07-08T21:42:00.000-07:002007-07-08T21:42:00.000-07:00I'm amazed at my buddy in the States who can find ...I'm amazed at my buddy in the States who can find out anything on anyone it seems at the click of a mouse. You can scope out your neighbours in a hurry before you sign the papers incase you think the neighborhood may be dicey. I can see having a right to privacy to a point but finding out something like the real numbers on a private industry that 90% of the public uses should be easily accessable.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-12340004053585011342007-07-08T21:09:00.000-07:002007-07-08T21:09:00.000-07:00There's a big protective hedge around the MLS data...There's a big protective hedge around the MLS data here in Canada.<BR/><BR/>Unlike in the US, where county records are publicly available and can be aggregated by outfits like <A HREF="http://www.housingtracker.net/" REL="nofollow">Housingtracker</A>, in Canada, there is nobody doing this. Why?<BR/><BR/>It would be interesting to someone pulling the stats from BC Assessment, but they are not the numbers for most recent sales, in a lot of cases - which of course is the most interesting statistic.<BR/><BR/>Someone should kick down that hedge, just like <A HREF="http://www.zillow.com/" REL="nofollow">Zillow</A> is doing in the US. It would be revealing I'm sure. At the peak of the market, I'm sure the timing of something like that would not go over well with Realtors in Canada.<BR/><BR/>Google is also starting with <A HREF="http://internet.seekingalpha.com/article/8627" REL="nofollow">Google Housing</A>, but who knows what information they will be able to aggregate. They have a way to go still.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-30709307299988030182007-07-08T21:07:00.000-07:002007-07-08T21:07:00.000-07:00Is it just as easy for someone (with lots of time ...Is it just as easy for someone (with lots of time on their hands )to ask a realtor to send them the daily list of every single listing that goes on the market?<BR/><BR/>The recipient could simply keep all these "mls-prospect-find" emails, and track them all until property info shows as either sold, expired, withdrawn, or whatever.<BR/><BR/>I get daily info, but keep only the interesting-looking ones until the above happens. Can't be that hard, but I don't wanna do it all.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-57185245045810318972007-07-08T21:06:00.000-07:002007-07-08T21:06:00.000-07:00I am suspect of some of the MLS listings this past...I am suspect of some of the MLS listings this past 6 months. Some of the areas I have tracked for the last year and a half mysteriously only have half the listings they used to have and with the major listing increase the past few months the number refuses to budge,find that very strange.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-71782570438206887782007-07-08T18:42:00.000-07:002007-07-08T18:42:00.000-07:00I was going to say, get the government to lawfuly ...I was going to say, get the government to lawfuly force any house being sold (& its particulars - x bedrooms, age, new development, type, etc) & database it; then provide the public access to this information on a website.<BR/><BR/>If BC Assessment has that data, then great! But note that they (for reasons I don't quite understand) hide all the house pricing info after March 15th of each year.<BR/><BR/>Further to that, they currently do allow you to walk into the office & request they provide you with a data dump of some property, but at a small fee ($10 to $20? I forget now)... but ultimately, I think these fees (and there are various services they provide) is how they are in part funded.<BR/><BR/>So if/when approaching government suggest that this should be a free service... via freedom of information perhaps? I don't know if that would be relevant or not but in the states companies who collect info from you must provide it back to the consumer; however, you can't go around asking for other people's info.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-53707569348938721152007-07-08T16:40:00.000-07:002007-07-08T16:40:00.000-07:00BC Assessments has all this data. Perhaps you cou...BC Assessments has all this data. Perhaps you could write your MLA and suggest they compile it monthly like the VREB does? It probably is 1 day to set up the DB enquiry and 30 mintues a month to run it and compile into a table.JMKhttps://www.blogger.com/profile/14740454447994074321noreply@blogger.com