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.
February 2013 month to date (previous weeks in brackets)
Net Unconditional Sales: 121 (19)
New Listings: 405 (104)
Active Listings: 3886 (3786)
Sales to new listings ratio: 30% (18%)
February 2012
Net Unconditional Sales: 497
New Listings: 1318
Active Listings: 3977
Sales to new listings ratio: 38%
Sales to active listings ratio: 12% or 8.0 MOI
Publishing this prematurely given the volume of comments in previous post, thanks Leo for putting the draft together. One of us will update the numbers tomorrow once they're known.
In the meantime, how about a game to predict the weekly sales volume? Enter your guess in comments, all guesses will count until Marko updates us with the actual numbers. Winner gets to brag endlessly here and elsewhere until the end of time--sorry, no real prize here other than the undying admiration of your HHV blog peers. ~ HHV
Leo edit: Koozdra takes the prize with a guess of 80 and actual sales of 102. We all guessed low, but last year at the same time we were on a sales pace of 22/business day, while we're tracking 20 right now, so still down. New listings rate is slightly behind last year (67 to 69 per business day).
Publishing this prematurely given the volume of comments in previous post, thanks Leo for putting the draft together. One of us will update the numbers tomorrow once they're known.
In the meantime, how about a game to predict the weekly sales volume? Enter your guess in comments, all guesses will count until Marko updates us with the actual numbers. Winner gets to brag endlessly here and elsewhere until the end of time--sorry, no real prize here other than the undying admiration of your HHV blog peers. ~ HHV
Leo edit: Koozdra takes the prize with a guess of 80 and actual sales of 102. We all guessed low, but last year at the same time we were on a sales pace of 22/business day, while we're tracking 20 right now, so still down. New listings rate is slightly behind last year (67 to 69 per business day).
204 comments:
«Oldest ‹Older 201 – 204 of 204"Renting? Ewww! RENT 2 OWN ( 0 Down or Rent 2 Own)"
Yes, renting is gross.
http://victoria.en.craigslist.ca/apa/3619065190.html
this sounds like that scam that was highlighted by cbc earlier in the week.
I can see why "rent to own" might be popular with owners and Tony Hooper. According to his site, a renter (who does not qualify for a mortgage) leases a home for a 2-5 year term with the obligation to purchase at the end of that term.
This mean that the purchase price is "locked in" at the beginning of the term, providing a pricing guarantee for the owner - which is very nice when prices are falling. The buyer could have a very difficult time trying to secure a mortgage for more then the resale amount of the house. They could be ruined financially trying to get out of a "bad deal".
To me, this approach appears predatory on the financially illiterate, who may not understand market conditions.
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