Listen to the Podcast Interview:

White Rock Expert RE/MAXer Stewart Peddemors

 May 15 2011 Market Interview with White Rock Expert RE/MAXer Stewart Peddemors regarding the influence of the Chinese buyer and the White Rock market projections.


Index  Abbotsford,  Mission  ChilliwackLangley,  Surrey,  White Rock,    East vrs West  
Richmond,
  East Van,  North VanBurnaby,  Coquitlam,  Maple Ridge



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White Rock Sale prices 2005-2011 

 Study Criteria   Home size: 1600-2500 sqft, Lot: 3000-5000 sqft, Age: 30-70 yrs, Bedrooms: 3-4    resulting in a  sample size = 541/1361=25%
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White Rock Average Home Price Difference 2005-2011 
                                                                    Six Month periods (2300 SqFt)


 Study Criteria   Home size: 1600-2500 sqft, Lot: 3000-5000 sqft, Age: 30-70 yrs, Bedrooms: 3-4    resulting in a  sample size = 541/1361=25%

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Market Trend Index:  May 2011

Market Trends Index;  is a predictive methodology of determining future supply and demand.

If you sell more than you list for a given month then soon you will run out of listings and have more demand than supply thus forcing prices up.

Stability ratios based on a 6 year study from 2005 to 2010 shows that we need about 65% sales-to-new-listing/mnth ratio to stabilize the market

In the White Rock area for the outlined search criteria  we had only 2 listings at a time when we had a strong sell through of 14 sales, and then in January we had only 8 listing with a 12 sales. Both of the ratios are much higher than the 63% ratio needed for market stability and put a lot of upward pressure on home prices.

Now that their are more listing just coming on the market with a 94% MTI this could stabilize.  The wild card is the high emotion of the current buying frenzy.

 Study Criteria   Home size: 1600-2500 sqft, Lot: 3000-5000 sqft, Age: 30-70 yrs, Bedrooms: 3-4    resulting in a  sample size = 541/1361=25%

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 The Study Map Area

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The
Study Criteria and Research Data 

 Study Criteria   Home size: 1500-3500 sqft,, Lot: 3800 7000 sqft, Age: 10-50 yrs, Bedrooms: 3-6    resulting in a  sample size = 541/1361=25% 

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Bill Coughlin
"Realtor and Lifestyle Consultant"

604-217-3992 cell        1-888-539-4664 Toll free                     Bill@coughlinteam.com

Re/Max Little Oak Realty


White Rock Expert


 

 
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