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Biggest Price Reductions on Vancouver Property Listings

March 29th, 2013
As promised, here are this week's largest price reductions in the Vancouver-East/West real estate markets.  In all there were 132 price changes of which 119 were price reductions and the rest increases.  This list is comprised only of decreases in excess of 5%. My usual caveats apply:  They "may" have just started too high.  To search a particular property by address, please click on the "pro ...

Biggest Price Reductions on Richmond Property Listings

March 29th, 2013
As this is a short week, I have compiled the largest price reductions (in excess of 5%) on all property listings in the Richmond market for the last 6 days. You may conduct an address search on our main page under the property tab.  None of these price reductions mean that the prices are now where they should be.  You might think some are still excessive. To be sure, you better have a thoroug ...

Sales performance: Lower Mainland Real Estate Listings

March 28th, 2013
This is the table similar to the Richmond table I published yesterday, but for the entire Lower Mainland.  As you can see, the ratio of expired and terminated listings has climbed substantially since 2011 when less than 1/3 SFDs would expire or be terminated within this last 30 day period in that year.  The ratio of listing "failures" is almost double in Richmond as compared to rest of the Lo ...

Richmond Real Estate Market Report

March 26th, 2013
The Seller's Delusion Index (SDI).  This is the term I am going to use as a measure for how wrong Sellers have been. For starters I am going to use only the simple numbers available to me from the Real Estate Board to make a point.  Realtors may take listings that are over-priced.  But generally that doesn't do them any good unless they can get their selling clients to come to terms with the ...

Seller Delusion Index: SDI up slightly

March 23rd, 2013
Last month I started tracking vacancies to total active listings under the hypothessis that an owner of a vacant home who "doesn't haved to sell", still has to sell more than an owner of a non-vacant home. Well, in Richmond, this indicia of either helplessness or sheer non-chalance has kicked up slightly.  As of today: 24.3% of all active SFD property listings are vacant: the highest in the L ...

Home For Sale Richmond BC-3768 Barmond Avenue

March 23rd, 2013
I've just uploaded this new listing for a 5 BR 6 bathroom beautiful new home on a great street with a south facing back yard. Hand painted rooms, media room, huge MBR jacuzzi, granite in all the right places with a tasteful and elegant choice of engineered hardwood. Radiant heat, A/C, HRwok kitchen, Kohler plumbing fixtures, Sub-Zero fridge, Viking Professional series over and stove. Gate sec ...

Biggest Price Declines in Greater Vancouver Area

March 22nd, 2013
So here's a treat for the weekly bottom feeders.  This is a list of every price reduction in the Greater Vancouver market within the Real Estate board of Greater Vancouver (not Fraser Valley) within the last 7 days.  I have included the addresses of every price reduction in excess of 5%.  To be honest, the current number may only be an indicator of original delusion and may not "yet" reflect ...

Top Price Reductions on Homes For Sale-Richmond

March 22nd, 2013
Below is this week's table of the Top Price Declines over the last 2 weeks in the Richmond area among all property types.  I have included everything having a price reduction greater than 5%.  In all, there were 149 price decreases and only 4 price increases.  If you would like to get into any of these properties for a viewing, or would like an opinion as to whether the price drop is enough t ...

Richmond Real Estate Market Report-Attached Properties

March 15th, 2013
Price Bracket #of Properties  #sold last 30 days  % of those listed
  <$700,000 9 1 11
  $701-800k 42 5 12
  $801-900k 73 3
$901-1000k 88 2
$1001-1100k 57 0
$1101-1200k 58 3 5
  $1201-1300k 50 3 6
  $1301-1400k 49 0 0
  $1401-1500k 36 0
$1501-1600k 42 2 5
  $1601-1700k 39 1 3
  $1701-1800k ...

Richmond Real Estate Market Report-Single Family Homes

March 15th, 2013
Price Bracket #of Properties  #sold last 30 days  % of those listed
  <$700,000 9 1 11
  $701-800k 42 5 12
  $801-900k 73 3
$901-1000k 88 2
$1001-1100k 57 0
$1101-1200k 58 3 5
  $1201-1300k 50 3 6
  $1301-1400k 49 0 0
  $1401-1500k 36 0
$1501-1600k 42 2 5
  $1601-1700k 39 1 3
  $1701-1800k ...
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