85 Low Inventory. Yes, 30-32% below 10 yr average for Dec – BUT the real question is why? Rousing 3rd & 4th Qtr sales gobbling up the best of the owner-occ homes of inventory, Snow arriving on Nov 11th – who wants to put the family home for sale in Dec??? Nobody 86 New…
91 shows Distribution of sales seems consistent BUT there is a gap of ~9.5% between Dec Ave Price in 416 vs the 905s and 12.99% between then in the Annual 2019 averages This Price gap shows more clearly by TYPE Detached Annual is +42.46% Semi-detached Ann is +51.76% Attached/Row/ Townhouse is +22.58% Condo Apt average…
11a Shows the Calendar pattern –What no one notices is that Aug & Sept 2019 were 5th best in their respective months, October was 4th best, November was 6th best and Dec was 10th (NB only last 14 shown here) –With all those fairly-hot months preceding AND considering NOBODY puts their personal residence up for…
21a Shows: 1 -Dec 2019 ave price is only 8.88% below APRIL 2017 (most remarkably, Spring peak$ is almost always higher than Fall peak$) 2 -Confirmation in 2019 of the 2018 re-establishment of the “annual price pattern” of : a) Winter, Spring, Summer and Fall markets; and b) Each month sets a new RECORD ave…
Inflation is ONLY seen in the rear-view mirror — No one can see it coming. — And if they do … they buy tangible assets and ride the tsunami #41 Shows the last 50 years vis a vis 1989 (prior peak price) in constant 2019 dollars #51 Shows same info -but w CPI-adjusted prices…
https://creastats.crea.ca/en-CA/ NB there is NO SUCH THING as Canadian national statistics — we have just too many differing local markets all zigging and zagging at different times and strengths and in differing directions (for often-differing reasons AND often for the exact same reasons) HOWEVER If we DID have a national market and the bulletpoints said;…
Active Inventory DOWN 20% from 10 yr Dare we say that 3-6 months of busy sales PLUS “early onset” of the regular seasonal slow-down of New Listings (see next chart re: NEW Listings) is demonstrated here NEW Listings in November are 14.21% below the 10 yr & 19.40% below the 5 yr average As above,…
35-40% of all TREB reported Sales are from 416 30-35% from WEST zone ~20% from the North and 10-15% from the East Zone The Prices (ripple effect) are lower for the same thing (likely newer too) as you move away from the CN Tower (Chris Gillett’s characterization) Average Price (feet in fridge w head in…
Calendar Year Strong sales in 2019 3rd and 4th qtr (2.3% above 10yr ave in Nov) — except when compared to 2016 SCHOOL YEAR -Sept-Aug. accentuates the Dec-Jan Winter lows Same info, w a few MORE years included Legendary Ronnie Hauth’s Sales + Prices since 2010 TREB’s own 4 yr Sales Chart — quite good…
All the years at once – offering a view of the (21 of 25) Consecutive Double Digit TREB Average Price gains in 2015, 2016 and early 2017 We are ahead of all previous years in the 6 consecutive months June 2019-Nov 2019 Same TREB data but USING A Fiscal/School year September thru August – TREB’s…
Both Adjusted and Un-adjusted (aka Nominal) In Nov 2019 the Monthly Average ($843,637) is almost equal (- 1.61%) to the ANNUAL Average for the Adjusted by CPI recent-PEAK yr 2017 ($857,480) NB THESE two are NOT good comparisons –one is a November monthly amount and the other is YEARLY amount As shown on next-following Adjust…
