Agent Will

Documenting Life and Real Estate in Vancouver
 

February 2010 Vancouver Real Estate Stats Released

And they don’t mean very much.
Sure, the numbers were terrific in every way that could be hoped for. Sales up from the abysmal 2009 Feb and even up from 2008. Listings down from the abysmal 2009 as well. Prices? Set a new high. And all the while a good two [...]

2009: The Year No One Expected

Where does the time go?  And what a difference a year makes!
At the end of 2008 we were all panicking that a new depression was bearing down on us, retail sales were down, profits down, layoffs up, and no one who watched any mainstream news was out shopping for a home.  Prices had plummeted and [...]

Mobile House Hunting is just too Cool – iPhone Ap...

Got an iPhone?
How about an Android based phone such as the HTC Magic?
No? Me neither. But I sure do want one. Especially now. The property search provider, MyRealPage, whom I use to deliver outstanding search functions on this site has now gone mobile with the release of their iPhone/Android applications.
If you [...]

The Best Property Search Tool Ever

No, seriously. This is the best place to search for your next home. Try it yourself!


In Brief for 2010-02-04

  • Saw cops at Main and 2nd looking for cell phone talking drivers. One guy busted. Better go handsfree. They're serious. #

04.02.2010 Tweet No Comments

In Brief for 2010-02-03

  • Two Small Men with Big Hearts gets an F rating from the BBB. Never used them for a move before. Has anyone else? http://bit.ly/bb2z7g #

03.02.2010 Tweet No Comments

In Brief for 2010-02-02

  • Weather dependent games are a tough one. '98 Nagano events kept getting postponed because of snowstorms, heavy rain, sleet and lightning. #
  • 2006 Turin: Complaints of insufficient snow cover top of the course. Organizers countered that there was plenty artificial snow. #
  • Calgary '88: Chinook winds created abnormally high temperatures melting the course. Hay and artificial snow was used to solve the problem. #
  • Sweet Justice? Just saw a Vancouver Meter Attendant's car being towed. Ha! #
  • More than half my Coal Harbour showings were cancelled today as they are rented for the Olympics. Will be an interesting month. #

02.02.2010 Tweet No Comments

January 2010 Vancouver Real Estate Stats Released

New highs and some incredible numbers highlight the first month’s statistics.

We are now in record price territory with a 0.8% increase over the previous highs set in May 2008. In the past year, Vancouver West benchmark prices have soared an astonishing 38%! Clearly this has been driven by historically low interest rates, incredibly low supplies of housing, and all the other factors that have made Vancouver a desirable place to live. Apologies to Squamish for not taking part in this resurgent market.

The big question on everyone’s mind is whether this is a last blast before an Olympic quiet period and then a boost in listings or whether the trend will continue on. Even new REBGV President-elect Jake Moldowan mentions the Olympic factor with no concrete prognostication for what may happen afterwards (or during). All we can comment on is what is happening now… and that is multiple offers, low supply, rapid sales, and frustrated buyers who cannot find their right home. Downtown we are seeing difficulties getting around already and that many desirable higher end homes have been rented for the Olympics.

I would bet February on the Westside and Downtown will be quieter but that East, Burnaby, and elsewhere will be robust.

02.02.2010 Statistics No Comments

In Brief for 2010-01-31

  • Return of the Flipper? That over-ask grow-op I mentioned a few days ago is back on the market unimproved just two weeks later for $80k more. #

31.01.2010 Tweet No Comments

In Brief for 2010-01-30

  • 29% of the past weeks sales were at or over asking with the biggest being 31% (or $460k over) and a foreclosure that went 26% over! #

30.01.2010 Tweet No Comments

Wow!

27.01.2010 Media No Comments

In Brief for 2010-01-27

  • To those who are watching/wasting time on the Apple iPad event: Fake Steve Jobs has it nailed http://bit.ly/by4S6l #

27.01.2010 Tweet No Comments

In Brief for 2010-01-26

26.01.2010 Tweet No Comments

In Brief for 2010-01-25

  • Former SRO renovated and turned into expensive "cheap" micro-rentals. http://bit.ly/8PT3MU #
  • On the same day as being named the most unaffordable city in the world. http://bit.ly/8naLCx #
  • Another wow… over 33% of today's reported sales were at or over asking price. The biggest was 13% over ask. #

25.01.2010 Tweet No Comments

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