04-14-2015, 04:05 PM
I am three months late starting this thread, but this has its advantages. I have been able to cruise through a few SC Realtor newsletters, blogs, Twitter and Facebook feeds to really get a sense of how the 2015 market is unfolding. Who better to tell it like it is than those boots on the ground slogging away in the trenches day after day wiping the sweat from their brow. As a nation, we owe them so much for they are in the vanguard that leads us towards a brave new world. A brave new world that sees real estate supplanting manufacturing and resource extraction (mining, oil and gas) as the economic engine powering our national economy.
So, here...here is what the vanguard sees...here is what the vanguard writes...and we...we humbly gather together their pearls...
Okay, that was a pretty, piddling pearl, but I cracked open a lot of shells...how’s this one:
Meh, still not so pearlish? What about this one:
Yes! There’s a little meat with the potatoes: bank rate and value of the dollar equated to sales on the SC. It’s a start.
Okay, well, there weren’t as many pearls out there as I thought. But...I have saved the best for the last. From the one who has been ringing the clarion month after month, year after year in the Coast Reporter Real Estate Weekly, we are gently guided from the microeconomic to the macroeconomic, from the local to the national in this unprecedented transition. The social insights and economic predictions – all are gladly given so we need not fear the future.
Aw, paradise...but, if paradise exists before everyone lives in it what happens if everyone arrives? Will it still be paradise, Kenan? Won’t we then have to start looking for a new paradise...and then another new paradise and then another and another. Wait, that’s it isn’t it? That is the new economy...man’s constant and never ending search for paradise on earth and the money dished out to get there again and again and again...
Well, then let’s get this new seven year cycle started...
I hope to make the first stats post tomorrow. In the meantime, I encourage you to read Garth Turner’s latest blog post ‘Undeniable’ at The Greater Fool. It’s about numbers...sales stats numbers...and how they’re reported.
I read Garth Turner (former Tory MP who people either love or hate) because first off he amuses me – he’s actually a very funny man. Second, he often says something to make me pause and think while I keep in mind his current profession and his background.
In a recent post, I included this image...
There you go, just a handful of Realtors© and each one shows different results for 2014’s SC real estate sales; however, they all share a common denominator – they say their source is the REBGV. So, as I said no one’s perfect, everyone does the best they can. Just keep that table above and Turner’s post in the back of your mind as we go through this year’s sales stats together.
So, here...here is what the vanguard sees...here is what the vanguard writes...and we...we humbly gather together their pearls...
Quote:2015 is all about taking advantage of the great deals on the Sunshine Coast and the great rates.
The Robinson Group, January 22, 2015
Okay, that was a pretty, piddling pearl, but I cracked open a lot of shells...how’s this one:
Quote:The numbers are looking fabulous for this spring so far. New listings are continuing to roll in and the number of price changes is remaining steady.
Joni&Gail, April 2, 2015
Meh, still not so pearlish? What about this one:
Quote:Welcome to 2015! We started the year on the right foot with increased sales for both detached homes and rural land for sale. The recent drop in the overnight lending rate to 0.75% along with a low exchange on the Canadian loonie we have continued increase in sales on the Sunshine Coast.
Russ & Ria Qureshi and Terry Murphy, February 3, 2015
Yes! There’s a little meat with the potatoes: bank rate and value of the dollar equated to sales on the SC. It’s a start.
Okay, well, there weren’t as many pearls out there as I thought. But...I have saved the best for the last. From the one who has been ringing the clarion month after month, year after year in the Coast Reporter Real Estate Weekly, we are gently guided from the microeconomic to the macroeconomic, from the local to the national in this unprecedented transition. The social insights and economic predictions – all are gladly given so we need not fear the future.
Quote:In active listings we are seeing a steady decline over previous years. This is likely a sign that we are heading for a more balanced market. The interesting note is land sales are up by 77% over the next highest sales volume in 4 years. Good bare land sales are important. They mean jobs, home construction, with multiplying opportunities for employment; in short it represents economic growth. With the falling oil prices, the Bank of Canada will respond and has responded with monetary loosening i.e.: the drop in interest rate. Watch over the next few months because I believe the Federal Government will be very careful to keep our economy rolling by providing stimulus.
Also, the market will continue to be well served by the baby boomers who are following through on their dreams of moving to the Sunshine Coast. I personally believe we are moving into an up-cycle and this will bring a greater movement of people to the Coast. Everyone desires to live in paradise.
Kenan MacKenzie, Real Estate Reflections, April 3, 2015
Aw, paradise...but, if paradise exists before everyone lives in it what happens if everyone arrives? Will it still be paradise, Kenan? Won’t we then have to start looking for a new paradise...and then another new paradise and then another and another. Wait, that’s it isn’t it? That is the new economy...man’s constant and never ending search for paradise on earth and the money dished out to get there again and again and again...
Well, then let’s get this new seven year cycle started...
******************************
I hope to make the first stats post tomorrow. In the meantime, I encourage you to read Garth Turner’s latest blog post ‘Undeniable’ at The Greater Fool. It’s about numbers...sales stats numbers...and how they’re reported.
I read Garth Turner (former Tory MP who people either love or hate) because first off he amuses me – he’s actually a very funny man. Second, he often says something to make me pause and think while I keep in mind his current profession and his background.
In a recent post, I included this image...
There you go, just a handful of Realtors© and each one shows different results for 2014’s SC real estate sales; however, they all share a common denominator – they say their source is the REBGV. So, as I said no one’s perfect, everyone does the best they can. Just keep that table above and Turner’s post in the back of your mind as we go through this year’s sales stats together.