Sunday, May 27, 2012

been a while

Sorry for the lack of posts. We are all waiting to see if the higher inventory and lower sales keep putting pressure on prices.

Another unequivical drop in average prices would be nice. Nothing too dramatic, just a few %. Enough to give the prudent some heart and put fear in the stomach's of the speculators but still stop the politicians from 'doing something'.

Here are some numbers for you. They are SFH from April 23- May 23rd. Even if we assume some sales are still to be loaded on the system, I think they show the lay-of-the land pretty well.

Sales/inventory (SFH)

Maple Ridge: 68/715
New West: 23/110
Sunshine Coast 28/669
Squamish 10/222 !
West Van: 58/518
N. Van 109/393
Surrey 238/2309
Abbotsford 66/840
Van West 105/1043