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#2201 sebberry

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Posted 08 November 2021 - 11:06 AM

Why is it so gridlocked?  What's it going to take to get more people to list/sell/buy?


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#2202 Victoria Watcher

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Posted 08 November 2021 - 11:08 AM

More government intervention of course.
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#2203 MarkoJ

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Posted 08 November 2021 - 11:08 AM

Just wait for the gridlock when the government imposes the cool off periods and sellers are even more uncertain when it comes to selling.


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#2204 Victoria Watcher

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Posted 10 November 2021 - 03:46 PM

The supply of homes listed for sale across B.C. is at a historical low, said the British Columbia Real Estate Association.

 

There were 19,214 active listings in October across the province — a nearly 40 per cent drop from October 2020, and an all-time record low.

 

Home inventories have also fallen for five consecutive months.

 

“The story across the province continues to be the record low number of listings,” said Brendon Ogmundson, chief economist of the BCREA, which represents about 23,000 realtors across the province.

 

 

 

https://www.timescol...ime-low-4745119



#2205 MarkoJ

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Posted 15 November 2021 - 09:08 AM

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Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2020 | Fair Realty

www.MarkoJuras.com Full Service MLS® - 2.75% | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#2206 MarkoJ

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Posted 22 November 2021 - 09:12 AM

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Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2020 | Fair Realty

www.MarkoJuras.com Full Service MLS® - 2.75% | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#2207 Barrrister

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Posted 22 November 2021 - 11:05 AM

Marko, how many of those listings are SFH. 



#2208 sebberry

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Posted 22 November 2021 - 03:39 PM

Just wait for the gridlock when the government imposes the cool off periods and sellers are even more uncertain when it comes to selling.

 

Thoughts on where this sends pricing?


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#2209 Sparky

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Posted 22 November 2021 - 03:46 PM

Seb any way you look at it the market is the the most volatile as it has ever been in my lifetime.

Damned if you do…damned if you don’t.

How do you choose?

#2210 MarkoJ

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Posted 22 November 2021 - 04:58 PM

Thoughts on where this sends pricing?

 

It won't really change the market much in terms of average pricing, it will just introduce more uncertainity and the process.


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Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2020 | Fair Realty

www.MarkoJuras.com Full Service MLS® - 2.75% | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#2211 Mike K.

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Posted 23 November 2021 - 07:18 AM

Will buyers have the opportunity to reject the 7-day period and offer zero conditions?

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#2212 Barrrister

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Posted 23 November 2021 - 07:28 AM

No, it will be a statutory condition. Sort of pointless if buyers can waive the condition since you will just be back to where you are today.

 

I am not arguing for or against but the whole point of any statutory condition is that it creates a level playing field for all parties,



#2213 Mike K.

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Posted 23 November 2021 - 07:34 AM

I’m still not sure how it makes things better overall.

In the pre-sale environment a unit that’s tentatively sold will usually have comps another buyer can select, if they don’t want to wait. So the seven day period doesn’t stall anyone, usually, from getting a home they want.

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#2214 MarkoJ

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Posted 23 November 2021 - 02:53 PM

I’m still not sure how it makes things better overall.

In the pre-sale environment a unit that’s tentatively sold will usually have comps another buyer can select, if they don’t want to wait. So the seven day period doesn’t stall anyone, usually, from getting a home they want.

 

Exactly, totally different on pre-sales. Plus, if you do collapse a pre-sale you are putting out some multi-millionaire developer. 

 

You collapse a re-sale a non-sophisticated seller could be trying to line up another place to buy, etc. It will add a whole ton more uncertainty to the process.


  • Mike K. likes this

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2020 | Fair Realty

www.MarkoJuras.com Full Service MLS® - 2.75% | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#2215 MarkoJ

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Posted 29 November 2021 - 09:06 AM

download.png


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2020 | Fair Realty

www.MarkoJuras.com Full Service MLS® - 2.75% | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#2216 Nparker

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Posted 29 November 2021 - 09:13 AM

Barely half the number of active listings from last year.  :eek:



#2217 MarkoJ

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Posted 29 November 2021 - 12:24 PM

Barely half the number of active listings from last year.  :eek:

 

And last year was already low :)


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Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2020 | Fair Realty

www.MarkoJuras.com Full Service MLS® - 2.75% | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#2218 sebberry

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Posted 29 November 2021 - 05:44 PM

At this rate I'll be converting a sprinter van to live in.


Victoria current weather by neighbourhood: Victoria school-based weather station network

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#2219 Nparker

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Posted 29 November 2021 - 06:20 PM

At this rate I'll be converting a sprinter van to live in.

If it makes you feel any better, I am sure Lisa Helps will let you live in your van 24/7 on the CoV street of your choosing*.

*one Fernwood street excluded of course



#2220 Citified.ca

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Posted 01 December 2021 - 11:27 AM

Victoria real-estate sets $1.33M record average for houses, $649k for condos in November

https://victoria.cit...os-in-november/


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