Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
SC Listings & Sales 2011-2013
12-05-2013, 02:42 PM, (This post was last modified: 12-05-2013, 02:52 PM by Skook.)
#31
RE: SC Listings & Sales 2011-2013
SC Nov 2013 Sales Stats

I finally got hold of last month’s sales stats yesterday morning. I been taking time to pull it all together and also update all my table data which I will highlight as we proceed through the tables and charts.

November’s sales dropped 9.5% on a year-over-year basis compared to both November 2012 & 2011. However, compared to October’s sales, the drop was an impressive 29.6%. If it weren’t for an uptick in condo/townhouses sales (price drops galore), the month would have been far worse.

I have rearranged the order of the 2013 Monthly Sales table as well as updated the data. The updates take into account those 3 Watermark condos that caught a virus and were “sold” and then “not sold” a few months later. As well, there were a couple of detached home sales that fell through in June and that info has been corrected. I made the necessary corrections to the Sales by Month table and chart.

[Image: attachment.php?aid=577]

I really goofed in October with the Residential Sales by Area table. I got confused and used some of Sechelt’s 2012 year-to-date totals in the 2013 year-to-date totals so that when I looked at November’s totals the numbers were crazy. It took some time to figure out that mistake but all is correct now. With year-to-date Sales by Area, Roberts Creek continues to lead the pack and Halfmoon Bay remains the big loser (due to the lack of million dollar plus property sales - zip in November).

[Image: attachment.php?aid=578]

The 2013 Average Sales Price and Median Sales Price data has been updated to account for the changes mentioned above. The red line in the Average Sales Price chart is the ‘median’ which is $474,283. Once again, I have included the Median Discount from Original Price data. I had a thought as I was preparing it - would this be the discount from the very last list price or from the very first original list price? In other words, if the property went through numerous price drops would that be taken into account? Remember, this is the “median” discount and doesn’t indicate just how high the final list prices were discounted to get a sell.

[Image: attachment.php?aid=579]

Now, bringing up the rear is the HPI and Benchmark Price data; both figures dropped in November. The Benchmark Price at $338,800 stands at -26% compared to the July 2010 peak ($457,777). There is another way of looking at that Benchmark data. The July 2010 peak was +60.4% above the HPI January 2005 baseline ($285,482). The November 2013 benchmark price is now only +18.7% above that HPI reference. So, is the SC undergoing a “soft landing” as it progresses through this market “correction”? I don’t know - sure looks like a crash to me.

[Image: attachment.php?aid=581]

Finally, lot sales data for November can be found here in my ‘Land Sales - (Current & Historical) thread; and, $1mill+ property sales data can be found in this post.


Attached Files Thumbnail(s)
               
Reply


Messages In This Thread
SC Listings & Sales 2011-2013 - by Skook - 04-08-2013, 01:33 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 04-09-2013, 07:38 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 04-12-2013, 04:13 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 05-01-2013, 04:22 PM
RE: SC Listings & Sales 2011-2013 - by susanu - 05-04-2013, 02:33 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 05-05-2013, 11:32 AM
RE: SC Listings & Sales 2011-2013 - by punnoval - 08-31-2013, 03:59 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 08-31-2013, 04:49 PM
RE: SC Listings & Sales 2011-2013 - by punnoval - 08-31-2013, 05:02 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 08-31-2013, 05:48 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 06-01-2013, 08:29 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 06-13-2013, 11:27 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 07-01-2013, 11:42 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 07-20-2013, 12:58 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 08-01-2013, 09:12 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 08-12-2013, 01:03 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 09-12-2013, 01:58 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-01-2013, 12:30 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-09-2013, 01:46 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-17-2013, 03:09 PM
RE: SC Listings & Sales 2011-2013 - by punnoval - 10-19-2013, 08:56 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-20-2013, 09:40 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-20-2013, 10:56 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-29-2013, 11:24 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 11-01-2013, 04:31 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 11-16-2013, 06:14 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 11-25-2013, 01:37 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 11-29-2013, 01:09 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-03-2013, 07:16 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-05-2013, 02:42 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-05-2013, 08:15 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-16-2013, 06:09 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-21-2013, 07:48 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-27-2013, 02:37 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 01-04-2014, 01:45 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 01-07-2014, 10:52 AM

Possibly Related Threads...
Thread Author Replies Views Last Post
  2016 Sunshine Coast & Bowen Island Real Estate Sales Stats Skook 13 36,854 10-31-2016, 08:44 AM
Last Post: Skook
  New Home For Sales Stats Skook 1 6,943 09-19-2016, 01:05 PM
Last Post: Skook
  2015 Sunshine Coast Monthly Sales Stats Skook 15 53,025 01-17-2016, 02:59 PM
Last Post: Jay Kay
  2015 Bowen Island/Gulf Islands Sales Stats Skook 23 102,179 12-05-2015, 09:27 AM
Last Post: JimmyWW
  2015 Sunshine Coast Land Sales Skook 5 22,108 12-04-2015, 11:53 AM
Last Post: Skook
  2015 Sunshine Coast “$mill+” Property Sales Skook 5 22,717 12-04-2015, 10:59 AM
Last Post: Skook
  2014 Sunshine Coast Monthly Sales Stats Skook 36 124,483 04-05-2015, 10:12 AM
Last Post: JimmyWW
  2014 Sunshine Coast "$1Mill+" DET Home Sales Skook 11 39,489 01-24-2015, 04:49 PM
Last Post: Skook
  Sunshine Coast - Land Sales (2014 & Historical) Skook 12 43,157 01-24-2015, 10:38 AM
Last Post: JimmyWW
  2014 Sunshine Coast Active Listings Skook 2 11,482 04-02-2014, 07:24 AM
Last Post: Skook

Forum Jump:


Users browsing this thread: 3 Guest(s)

Contact Us | Vancouver Peak | Return to Top | | Lite (Archive) Mode | RSS Syndication