Blog by Sam Wyatt Personal Real Estate Corporation

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October Real Estate Update: Attached and Condos Feel the Chill

October 16th, 2012

For the first time in over 6 months, the Months of Inventory (MOI) metric for Westside Vancouver houses dropped slightly.  It had risen from 4.39 in February to 13.27 in August and in September sat at 12.14.  The big news for September is that both attached homes and apartments rose again, now to over 10 months of inventory.    Chart - Inventory.jpg

It might be that Months of Inventory has crested for detached h ...

Vancouer Real Estate: Only Getting Worse

September 20th, 2012

The Months of Inventory (MOI) metric for Westside Vancouver houses rose for the sixth consecutive month in August.  It has risen from 4.39 in February to 13.27 in AugustAttached homes rose to 8.15 and apartments rose to over 8.45 months of inventory. 

Chart - Inventory Jan 08 -_.jpg 

Things will not "get back to normal in the fall when everyone has settled back in"; in fact they will likely continue to get a lot ...

Aug Market Update: Months Of Inventory OVER 12mo!

August 9th, 2012

The Months of Inventory (MOI) metric for Westside Vancouver houses rose for the fifth consecutive month in June.  It has risen from 4.39 in February to 12.51 in July.  Attached homes dipped slightly from 7.87 in June to 7.39 in July but Apartments finally rose to over 8 months of inventory in July.

Chart - Inventory.jpg   

Active listing volumes for detached Westside houses are still over 1000 listings and ...

July Market Update: Am I Too Late to Sell?

July 5th, 2012

If you have not  yet sold and want to be the smug person who tells their friends how you sold your real estate right at the top of the market, it's likely too late.  All is not lost - read on.

The Months of Inventory (MOI) metric for Westside Vancouver houses rose for the fourth month in a row in June.  It has risen from 4.39 in February to 10.57 in June!  Attached homes and Apartments rose ...

Everest 2012 & June Market Update

June 18th, 2012

I am very pleased to report that I reached the summit of Everest at 6am on May 19th 2012 via its North East Ridge and my climbing partner Steve Curtis arrived shortly thereafter.  I can now legitimately lay claim to RE/MAX's slogan: I am "ABOVE THE CROWD" ;-).  The two pictures below are of me after getting back to Advance Base Camp from the summit and on the summit with the Sri C ...

January 2012: Months of Invenetory Still High

February 20th, 2012

The Months of Inventory (MOI) metric for all West side Vancouver home types rose again in January.  The Detached MOI remains over 9 months, Attached surged to 8.98 and Apartments jumped to 7.1.   This is a very disturbing trend that indicates a falling market over the next 6 months.  This inventory is building in spite of the lowest fixed mortgage rates in history.

Listings grew month ...

Real Estate Update: This Ain't January 2009 or 2010

January 13th, 2012

The Months of Inventory (MOI) metric for all Westside Vancouver home types rose in December.  The Detached MOI rocketed to 9 months, Attached increased to 6.74 and Apartments to 5.02.   I was anticipating a drop in the MOI as many listings were pulled from the market for the holidays.  This has not been the case.

Although fewer new listings came to the market and many fell off the mark ...

Vancouver Real Estate Update - Inflation or Deflation?

December 5th, 2011

The Months of Inventory (MOI) metric for all Westside Vancouver home types fell in November.  The Detached MOI now sits at 5.83, Attached at 5.9 and Apartments at 4.74.   Average monthly sale prices fell marginally again for Attached homes and Apartments but remained flat for Detached homes in November.

Fewer new listings are the predominant reason for the drop in MOI.   This s ...

Balanced Market?

November 1st, 2011

Last month the Months of Inventory (MOI) for detached homes on the Westside of Vancouver jumped from 4.95 months in August to 7.91 for the month of September.  October's Detached MOI has now dropped to 6.89 allaying fears that the market was about to see a steep fall.  Months of Inventory also fell for Apartments from 6.21 to 5.7 but Attached homes saw the metric rise from 5.69 to ...

Months of Inventory at Nearly 8 Months!!

October 1st, 2011

“Months of Inventory” (MOI) is a measure derived from the number of active listings during a given month divided by the number of sales that month. It indicates the theoretical length of time it would take to sell all of the properties on the market if nothing changed. Historically, 0-5 months of inventory has generally implied upward price pressure for the ensuing six months, 5-8 ...

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