Vancouver Real Estate Market Report


Blog by Arnold Shuchat | May 3rd, 2013


The Seller's Delusion Index-Month 2:

As can be seen from the table below, the SDI is calculated as the sum of expired listings in a period plus terminated listings in that period divided by the number of units sold in that same period.  The higher the ratio, the more "out of whack" sellers are with their customers. At .86 Vancouver's SDI for single family homes is 11.8% better than it was for an almost similar period the month before .86 vs. .975, and it is a 14.6% improvement over 2012 although it is about 96.3% worse than in 2011.  If 2011 could be characterized as efficient in terms of seller's expectations, then normal might be somewhere around .6.  But do you really want to work with a Realtor who sells your property only 6 out of 10 times?  I blame the expectation deficit on the Realtor, not on the seller.  Why take an overpriced listing just to take a listing? (This topic is beyond the scope of this blogpost and can be turned into a book....)

As for attached property, the changes are unremarkable since last month. 

Month of April Vancouver-Single Family Dwellings      
Listings:   2013 2012 2011
# of Sales   193 280 397
# of Expireds   77 115 48
# of Terminated   89 167 104
Ratio of Expireds        
& terminateds to      
Sales: 30 Days ending 26/03/13 0.975 0.579 0.281
Month of April 2013 0.86 1.007 0.438
Month of April Vancouver-Attached Properties      
# of Sales   354 625 681
# of Expireds   151 155 121
# of Terminated   153 272 232
Ratio of Expireds        
& terminateds to      
Sales: 30 Days ending 26/03/13 0.864 0.562 0.421
Month of April 2013 0.859 0.683 0.518

One more thing.  Are you concerned about the political evironmental effects on Lower Mainland Real Estate prices? If so, take a few moments and read my blogpost of May 2 at: http://www.shuchatgroup.com/Blog.php/lower-mainland-real-estate-and-politics

If you or any of your friends are thinking of buying or selling a property, please
email me at: ashuchat@shuchatgroup.com or call me at: 778-227-7325 to discuss
a detailed purchasing or marketing plan which could help save thousands of dollars.