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2014 VIREB Real Estate Stats
08-10-2014, 03:42 PM, (This post was last modified: 08-10-2014, 04:03 PM by Skook.)
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RE: 2014 VIREB Real Estate Stats
Apr-July 2014 VIREB Sales Stats - Part 2

Single Family Home Sales-by-Price Range:
When you look at the VIREB market as a whole, you see the majority of sales are occurring below the $400,000 price point; it’s happening on the Sunshine Coast, too. On the Island, the two price ranges between $200,001 and $400,000 now account for 58.7% of all year-to-date single family home sales which is quite amazing. Anyone with a home listed above the $500,000 price point shouldn’t count on moving any time soon; it’s worth remembering that patience is virtue.

[Image: attachment.php?aid=967]

I’ll end this VIREB stats post with two charts. The first shows single family home listings, total active listings and units sold. You can see how the chart illustrates what is occurring in the 2014 Market Statistics table: a drop in the supply of units compared to 2013 and 2012. I am wondering if the 2012 supply didn’t contain properties purchased as “investments” and now with them sold off we are seeing a more realistic marketplace.

The second chart is for vacant lots. I averaged out the number of sales for 2014 (35 lots/month) and at that rate there is nearly a two year supply (23.6 months) of vacant lot listings. It should be noted these lot listings do not include waterfront or acreages.

[Image: attachment.php?aid=968]

I am still waiting for data on waterfront property sales. I will post that information when it becomes available. Otherwise, that is all the news that is fit to print for April - July, folks. Yeah, I did it - I'm all caught up!!!! Tongue


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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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