Real Estate Sales Statistics for Tuesday
We added 406 new listings today. There were 112 price changes and 178 sales. The sell/list was 43.84%.
id=”summary”>
REBGV numbers:
id=”summary”>
FVREB numbers:
id=”summary”>
Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.
Monday Sales Statistics
New Listings 416
Price Changes 135
Sold Listings 194
Sell/list 46.63%
id=”summary”>
REBGV numbers:
id=”summary”>
FVREB numbers:
id=”summary”>
Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.
Last Weeks Real Estate Sales Stats
On Friday there were 412 new listings, 116 price changes and 160 sales for a sell/list of 38.83%
id=”summary”>
Westside numbers:
id=”summary”>
Over the whole of last week there were 1413, 381 and 546 in the REGBV for a sell/list of 38.64%.
id=”summary”>
In the FVREB the numbers were 600 new listings, 213 price changes, and 226 sales for a sell/list of 37.66%.
id=”summary”>
Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.
Real Estate Sales Stats
Thursday saw 373 new listings, with 100 price changes and 203 sales, for a sell/list of 54.42%.
The short lived bear market is over.
id=”summary”>
Westside numbers:
id=”summary”>
Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.
Sales Stats For February 1st
A great day for the bears!
New Listings 389
Price Changes 112
Sold Listings 88
Sell/list 22.62%
id=”summary”>
Westside numbers:
id=”summary”>
Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.
Tuesday’s Real Estate Sales Statistics
New Listings 392
Price Changes 126
Sold Listings 167
Sell/list 42.60%
id=”summary”>
It was a strong day on the Westside:
id=”summary”>
Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.
Monday Sales Results
There were 393 new listings yesterday. Price changes came in at 90. There were 163 sales. That resulted in a sell/list of 41.48%
id=”summary”>
Vancouver Westside?
id=”summary”>
The sell/list is recovering. It doesn’t look like any kind of imminent meltdown is waiting in the wings. Still, fundamentals look pretty detached. Comments?
Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.
Friday Real Estate Sales Statistics
The week wrapped up with 285 new listings. There were 104 price changes and 139 sales.
That means the sell/list was 48.77%. It’s climbing upwards, as I expected.
id=”summary”>
Vancouver Westside, the trendsetter?
id=”summary”>
Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.
Thursday Numbers
Thursday brought 279 new listings, 124 price changes and 151 sales for a sell/list of
Sell/list was 54.12%.
id=”summary”>
Downtown numbers?
id=”summary”>
Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, the REBGV is in no way responsible for them. I take all responsibility for any errors.
The Damages From Grow Ops
Hydroponic marijuana cultivation can cause a great deal of damage to real estate. It often requires renovations to property. These renos might cause damage to the home. The repair costs can be huge, generally reaching the multiple thousand dollar mark. In extreme cases grow ops result in the house being torn down.
Hydroponic grow systems require a huge supply of water. This usually means that the growers modify the plumbing system of the house. One by-product is excess water vapour. This requires ventilation systems to alleviate mould on the crop. These venting systems often make use of holes in the ceiling, pipes and hoses.
Moisture is an enemy of structures, and the extra moisture arising from grow ops is no exception. It can lead to mould in wall cavities and surfaces. The mould and other grow op requirements, like pesticides, result in the presence of noxious compounds. These things often remain in the structure long after the grow op is gone. This can create health problems for people with mould sensitivity. Sufferers of asthma and upper respiratory disease are particularly affected.
Grow ops use a lot of electricity with the lights. The wiring involved is often done in a shoddy and unprofessional manner. Permits to do this wiring are seldom acquired. Growers often steal power by tapping into the supply before the meter. This can be very dangerous, especially if it is never rectified. Electrical modifications like this can actually kill an unsuspecting person who inadvertently encounters a grow op. They are a definite fire hazard. Heavy power usage can also create situations that cause fires years later, after the grow op is gone.
Insurance companies are well aware of this. The industry reports that average grow op related claims top $40,000. They attempt to shift the grow op risk onto the homeowner as a result. This makes it incumbent on the landlord to protect himself against grow ops.Some insurers simply will not cover grow op damage, meaning that owners must self-insure through personal visits or a professional property manager. Some insurance companies will deny claims if the owner has not exercised caution.
If the police are involved the problem can get worse. They usually make sure that the utilities are cut off, and that is an additional problem in cold weather. Before the problem can be fixed the owner will need to get building permits. An environmental assessment will be needed to prove that mould has been dealt with. If there were previous, non-grow op related renovations done without a permit, they will have to be removed. Grow ops, clearly, are a very expensive proposition for a property investor. They need to be avoided at all costs.
