INVENTORY —– Seems in line w 5 & 10 Year …. BUT … everyone KNOWS the current market is NOT normal … so Inventory is not a good guide NEW LISTINGS (yes, I know you know that some are doubles and triplicates) Soooo Listings are UP by 30% over 5 AND 10 year … but…
While OVERALL INVENTORY is 46.18% Condo & 53.82% Freehold – INVENTORY in 416 is 69% Condo and 31% Freehold – INVENTORY in 905 is 26% Condo and 74% Freehold OVERALL SALES are 33.4% in 416 and 66.6% in 905 SALES in 416 are 51.81% Condo and 48.19% Freehold SALES in 905 are 19.81% Condo and 80.19% Freehold Please…
reply to “More buyers pushed out of market…for now” This article exemplifies two or three of my pet peeves about newspaper writers, headline writers and print/post editors when the add stories on Real Estate and quote “experts” from the Stock/ Bond/ Financial Derivative/ Wealth-Mgmnt fee-gathering / wholesale REIT-flogging businesses … who have competing “dogs…
If you examine the last page (27 of 27) of each month’s TRREB Market Watch you’ll find a monthly summary for the current year and the previous year and then annual Price and Unit summaries for 11 more years March 2020 Monthly Price was $902,680 – Everyone knows this is a partial-phased-in number from a…
Why? Because we’re not in a Recession (2 consecutive Quarters ie 6 months, of negative growth) or Correction or Downturn or Depression (euphemisms all) And ALL those need a Military or Fiscal (gov’t budget), or Financial (stocks and banks), or Monetary (value of currency) or Economic (nobody wants what we make – at the prices…
Inventory is Normal NEW LISTINGS WAAAAAAY up 55% Days on Market (17) is waaaaay Under the 23.6/26.5 Averages (or … pretty darn normal if we consider TrREB’s New “All Property Listings” stat of 24) PACE OF MARKET 1) MONTHS of Supply 2) Sales as % of New Listings EVERYTHING is being purposely Under-listed and so…
January 20 over 19 +12.17% February 20 over 19 +16.64% March (first half was hot, 2nd half lockdown) +14.5% April – Lockdown May – Lockdown June – +11.79% July +16.98% August +20.03% TrREB Chart SINCE 1991 the CPI gained 174% comparing the Monthly Payments using THOSE Prices at THOSE Interest rates: TODAY”S Monthly Payments (at…
January to December Same Info but displaying School Year — September to August TrREB’s 4 at once Chart
In August the Distribution of Sales was Freehold 905 –54% Condo 416 — 17.39 Condo 905 — 14.71% Freehold 416 — 13.9% The WEST 905 IS HUGE and their built-inventory is ‘prime priced’ for owner-occupied residential buyers Below we look at the # of Sales in August expressed as a % of the (10,775) whole…
Past Previous Monthly Peak and 16.9% Yr over Year (Double Digit Gains in Dec 2019 as well as in Jan & Feb 2020) Slump? what slump? SARS? what SARS? Ron Hauth’s two looks from 1972 & then from 2007 show the Big Picture
Same Data by SCHOOL YEAR – September thru August TrREB’s 4 years YTD Bar Comparison Chart Ron Hauth’s Monthly Sales & Monthly Price Together
Adjusting to Prior ANNUAL Average Peak Price =100
905 Freehold = 53.42% 416 Condo = 18.34% 416 Freehold = 14.79% 905 Condo = 13.45% WHERE were the Sales Regionally? 32.28% in 416 Averaging $$1,017,320 and 67.72% in 905 Averaging $908,622 BUT by Type …… 416 Detached are 45.33% more 416 Semi’s are 52.68% higher 416 Attached Row Towns are 21.43% more and 416…
