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2014 VIREB Real Estate Stats
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12-09-2014, 09:58 AM,
(This post was last modified: 12-09-2014, 10:01 AM by Skook.)
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RE: 2014 VIREB Real Estate Stats
I’m getting caught up on the VIREB stats and am throwing four months at you all at once (Aug – Nov). It was hell putting this together (oh, stupid me) and will be hell for you to wade through. So, to make it somewhat easier, I am breaking it down into sections and will post them over a few days. This first post is the overview of all board sales by type on a month-to-month basis (first table) and then a year-over-year (YOY) and year-to-date year-over-year (YTD-YOY) – August to November tables.
Let’s start by looking at what the VIREB had to say about each month... August Sales: Quote:Multiple Listing Service® (MLS®) sales summary data for August released by the Vancouver Island Real Estate Board (VIREB) shows housing sales activity in the VIREB coverage area was down 8% when compared to August 2013. A total of 361 single‐family homes sold on the MLS® system in August 2014 compared to 454 last month. July saw stronger‐than‐anticipated sales activity, and August’s dip was not unexpected, as sales are generally slower in the summer months. September Sales: Quote:Sales activity throughout the Vancouver Island housing market area rose in September, indicating increased consumer confidence and paving the way for strong fall sales. However, since sales in September 2013 were relatively weak, the higher numbers posted last month don’t represent a hotbed of robust activity. Rather, they indicate that the market continues to be balanced for both buyers and sellers in the VIREB coverage area. October Sales: Quote:Sales activity throughout the VIREB coverage area in October 2014 was down slightly from September, but still significantly higher than October of last year, resulting in our strongest October since 2009. Although the higher sales posted this October are encouraging, sales last fall were weak by comparison. As a result, balanced market conditions continue, which is good news for both buyers and sellers. November Sales: Quote:Slow and steady growth in the housing market continues to be the prevailing theme throughout the Vancouver Island Real Estate Board (VIREB) coverage area. Although unit sales dropped considerably from last month, they were up five per cent compared to November 2013, demonstrating that the market continues to improve overall. The month-over-month dip in unit sales from this month to last month is attributed to an unusually strong October rather than being indicative of a weak November. The data in tables below bears out what the board had to say for the four months. There was a good drop between July and August sales, but they kicked off again in September and then slowed down in both October and November with a -28% drop between those last two months. But, the board is absolutely correct in saying that 2014 sales are now at levels not seen since 2009 and this will come evident in subsequent posts. Now grab a coffee, kick back and without further ado - the stats... VIREB Aug-Nov 2014 Sales Stats – Part 1 Next up is the '2014 Market Statistics' table. What I have been pointing out in previous stats posts should be pointed out again – the drop in Active Listings each month on a year-over-year basis. 2014 Buyers are chasing fewer listings than last year and generally when active listings drop prices tend to go up and an overall look at the Average Price on a year-over-year basis for each month and each property type seems to bear this out (the exception: Condo (Apt) sell prices from September to October). To be continued... |
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Messages In This Thread |
2014 VIREB Real Estate Stats - by Skook - 03-16-2014, 11:33 AM
RE: 2014 VIREB Real Estate Stats - by Skook - 04-11-2014, 04:59 PM
RE: 2014 VIREB Real Estate Stats - by Skook - 04-18-2014, 08:22 AM
RE: 2014 VIREB Real Estate Stats - by Skook - 08-10-2014, 11:04 AM
RE: 2014 VIREB Real Estate Stats - by Skook - 08-10-2014, 03:42 PM
RE: 2014 VIREB Real Estate Stats - by Skook - 08-22-2014, 12:16 PM
RE: 2014 VIREB Real Estate Stats - by Skook - 12-09-2014, 09:58 AM
RE: 2014 VIREB Real Estate Stats - by Skook - 12-09-2014, 01:41 PM
RE: 2014 VIREB Real Estate Stats - by Skook - 12-11-2014, 10:57 AM
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