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"Below Assessment" "Motivated" "Foreclosure" Index
01-03-2013, 09:55 AM,
"Below Assessment" "Motivated" "Foreclosure" Index
VMD said 9 months, 1 week ago:
Quote:I thought it’d be interesting to create indexes that measure the # of “Below assessment”, “Motivated”, “Foreclosure” etc, in relation to total inventory at the time.

Index value is expressed in percentage

Oct 16, 2011 (TI=16815)

Below Assessment = 309 Below Assessment Index = 1.8%
Motivated = 282 Motivated Index = 1.7%
Foreclosure = 30
Court ordered sale = 59
Foreclosure & Court Ordered Sale Index = 0.5%

Jan 3, 2012 (TI=10671)

Below Assessment = 197 Below Assessment Index = 1.8%
Motivated = 184 Motivated Index = 1.7%

Jan 20, 2012 (TI=12764)

Below Assessment = 294 Below Assessment Index = 2.3%
Motivated = 224 Motivated Index = 1.8%
Foreclosure = 27
Court ordered sale = 55
Foreclosure & Court Ordered Sale Index = 0.6%

Bravacado said 9 months, 1 week ago:
Quote:This is a great idea, so far everything looks pretty flat with a slight rise in foreclosures. Did you miss the count for those on the third?

How frequently do you plan on updating this?

VMD said 9 months, 1 week ago:
Quote:Yes I did miss the Jan 3rd foreclosure count.. I had been posting these counts on a Chinese forum randomly every couple months since summer 2011 but didn’t think of correlating these numbers to Total inventory. Thanks to paulB’s daily stats, we can keep track of these Indexes “live”.

So far the more dramatic change to the indexes is the rise in “Below Assessment Index”, going from 1.8% to 2.3%. But as I cautioned, the search engine seems to only look for the word “Assessment” but not “Below”.. although most listings that mention the word “Assessment” usually are “below assessment”. One reason this “B.A.I” is up may be correlated to the recent release of assessment numbers, causing people to quote the assessed values of their properties. I do expect the “B.A.I.” to trend up in 2012 when more people find it difficult to sell at the assessed values (which were based on July/11 values – ie. historic peak of Greater Vancouver housing price).

I plan to update these Indexes every month or two. But anyone interested in this can do it themselves by searching those fields at EcoRealty and then correlating with paulB’s daily Inventory stats~!

b5baxter said 7 months ago:
Quote: 374 271 32 54

VMD said 4 months, 2 weeks ago: 455 286 17 51

VMD said 2 months, 2 weeks ago:
Quote:we’re seeing steady increase in “motivated” sellers

“foreclosure” and “court ordered sales” are down.

listings that mention the word “assessment” is steady 435 331 10 39

VMD said 2 weeks, 6 days ago:
Quote:*** People with official MLS stats on foreclosure / court-ordered-sale (eg. HFHC) , please chip in!

The values I have here are but a crude number based on keyword searches.***

Oct 5, 2012

“motivated” sellers are steady.
“foreclosure” and “court ordered sales” are up.
listings that mention the word “assessment” is up. 468 324 21 47
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Messages In This Thread
"Below Assessment" "Motivated" "Foreclosure" Index - by fixbot - 01-03-2013, 09:55 AM

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