2697 replies to this topic

[MarkoJ]

Victoria Real Estate Board

Monday Mar 30, 2020:

 

Month Mar Mar

Year 2020 2019

Net Unconditional Sales: 577 640

New Listings: 1,032 1,284

Active Listings: 2,255 2,435

 

Please Note

 

Left Column: stats for the entire month from this year

Right Column: stats for the entire month from last year 

[Nparker]

A surprisingly strong month, all things considered. I don't imagine the same will be true for April.

[MarkoJ]

Victoria Real Estate Board

Wed Apr 1, 2020:

 

Month Mar Mar

Year 2020 2019

Net Unconditional Sales: 608 640

New Listings: 1,084 1,284

Active Listings: 2,252 2,435

 

Please Note

 

Left Column: stats for the entire month from this year

Right Column: stats for the entire month from last year 

Edited by MarkoJ, 01 April 2020 - 06:25 AM.

[MarkoJ]

This is defintively going to be the slowest April in the history of the VREB, just a matter of whether or not it will be the slowest month ever. December 2008 with 239 sales is the lowest ever on record.

 

Victoria Real Estate Board

Monday Apr 6, 2020:

 

Month Apr Apr

Year 2020 2019

Net Unconditional Sales: 36 696

New Listings: 103 1,392

Active Listings: 2,225 2,751

 

Please Note

 

Left Column: stats for the entire month from this year

Right Column: stats for the entire month from last year 

[Mike K.]

So that's 12 sales each business day, April 1-3.

 

250 sales, or thereabouts, is perhaps what we'll end up with?

[MarkoJ]

So that's 12 sales each business day, April 1-3.

 

250 sales, or thereabouts, is perhaps what we'll end up with?

 

Pace will slow going forward as there as so few new listings coming to market. I am thinking we will end the month in the 220 range.

[MarkoJ]

Looks like we are on pace for the slowest month ever on record.

 

Victoria Real Estate Board

Tuesday Apr 14, 2020:

 

Month Apr Apr

Year 2020 2019

Net Unconditional Sales: 95 696

New Listings: 268 1,392

Active Listings: 2,268 2,751 

[MarkoJ]

Victoria Real Estate Board

Monday Apr 20, 2020:

 

Month Apr Apr

Year 2020 2019

Net Unconditional Sales: 155 696

New Listings: 412 1,392

Active Listings: 2,301 2,751

 

Please Note

 

Left Column: stats for the entire month from this year

Right Column: stats for the entire month from last year 

[MarkoJ]

At this point I think we will beat out the slowest month on record, December 2008 @ 239.

 

I am projecting 250 sales.

[Nparker]

At this point I think we will beat out the slowest month on record, December 2008 @ 239...

Considering the circumstances that's quite an accompiishment.

[Mike K.]

What’s happening out there, Marko?

From what I’ve seen it’s largely business as normal for those who want to play ball.

[MarkoJ]

It's actually very boring.....not that many buyers, not that many sellers. Prices seem to be holding in there from what I can tell from the limited sample size of sales. 

 

Not panic sales on average but I've see a few solid deals for buyers going in with unconditional offers, big deposit, quick close.

[Victoria Watcher]

there is nothing stopping purchases and sales for sure.

[Mike K.]

Oh yeah, now’s the time to make that kind of a move, for sure. It’s also a good time to buy if you need more time/effort on your financing side. Far less pressure, and you can ask for two weeks and probably get it?

[Victoria Watcher]

in real estate there is never a bad time to buy.  or sell.  or hold.  

[Victoria Watcher]

Canadian home prices could fall a “relatively modest” five per cent by July as some owners are forced to sell in the face of the economic hardship brought on by COVID-19, Capital Economics said Monday.

While sales activity and price gains were firm in the first half of March, real estate boards from across the country are reporting a near halt in activity as government shutdowns and physical distancing have people staying home.

In a note Monday, Capital Economics senior Canada economist Stephen Brown said April will see “an even steeper fall” in sales activity to a “small fraction of their normal levels.”

Still, new listings have plunged as well and prices have held up.

 

 

https://www.bnnbloom...omics-1.1424090

[Matt R.]

I heard that in person showings are no longer allowed. True or not?

Matt.

[MarkoJ]

I heard that in person showings are no longer allowed. True or not?

Matt.

 

Not true. 

[MarkoJ]

Victoria Real Estate Board

Monday Apr 27, 2020:

 

Month Apr Apr

Year 2020 2019

Net Unconditional Sales: 232 696

New Listings: 555 1,392

Active Listings: 2,303 2,751

 

Please Note

 

Left Column: stats for the entire month from this year

Right Column: stats for the entire month from last year  

[Mike K.]

Wow, that's quite the push. We'll blow past 250, maybe settle at around 275?