August Market Report
This is your happy home specialists bringing you the Real Estate Market Report that has been compiled from data that is distributed from the Chilliwack and District Real Estate Board.
Another strong month is behind us and all indicators are that the market is now on the move and people are taking advantage of fantastic interest rates and low prices. We are definitely witnessing signs of an upward movement in sales prices. Buyers seem to be responding with more confidence which is driving sales in an upward direction.
Over 52% of the residential sales that occurred in the month of August were in the price point of $275,000 to $500,000!! This is up from last month which saw the largest amount of residential sales between $225,000 to $400,000. Sales in the price point of $400,000 to $500,000 increased by over 30% from the month of July. This is what we have been waiting for...
Average days to sell dropped to an average of 64 days down from 72 last month so that tells us that the market is responding. We hear it loud and clear.
Total residential sales increased in dollar volume by 19% and the amount of inventory on the market is down 36% from the year prior. That is the trend that we have been experiencing this year and it is continuing which is really good news.
We are looking forward to an excellent Fall. The media seems positive but they don’t seem to understand how good it is here in Chilliwack. Well to us it is big news and we are excited to help families get into the best homes for the best price in todays market. Call us anytime if you would like more specific market information.
Talk to you next month.
Showing posts with label Market Report. Show all posts
Showing posts with label Market Report. Show all posts
Wednesday, September 2, 2009
Monday, April 13, 2009
Economy Turnaround Indicators - Market Report
Read Article Below to learn about some Canadian indicators for the economic turn around coming soon....
Canada's Currency Gains Amid Speculation Slump May Be Easing - April 10 (Bloomberg)
The Canadian dollar strengthened for a second consecutive week amid rising commodity prices and signs that the slump in the world's eighth-largest economy may be easing.
Canada's dollar, known as the loonie, increased 0.5 percent for the week, which was shortened by the Good Friday holiday. The nation unexpectedly posted a trade surplus, and monthly job losses were lower than some strategists anticipated. Commodities, which accounted for 56 percent of Canadian export revenue last year, advanced as investors sought riskier assets.
The currency rose to C$1.2237 per U.S. dollar yesterday in Toronto, touching a two-week high of $1.2212. It traded at C$1.2298 on April 3. One Canadian dollar buys 81.72 U.S. cents.
"The loonie seemed to be a distinct outperformer," said Sacha Tihanyi, a strategist in Toronto at Scotia Capital Inc., a unit of Canada's third-largest bank. "We got upside surprises with the data, so that helped."
The Canadian currency tends to track fluctuations in stocks and commodity prices.
Stocks rose, with the Standard & Poor's 500 Index climbing 3.8 percent yesterday to cap a fifth consecutive week of gains. Crude oil for May delivery climbed as much as 6.2 percent yesterday. It finished the week little changed from the five days ended April 3, which saw the commodity's fifth weekly jump. Copper futures posted the fourth week of advances.
Market Signal
The loonie, after touching a four-year low of C$1.3064 on March 9, strengthened as investors ventured out of haven currencies like the U.S. dollar and the Japanese yen to purchase riskier assets such as stocks and commodity-linked currencies.
"Generally the fall in commodity prices seems to have stopped," said Aaron Fennell, a Toronto-based futures and currency broker at MF Global Canada Co., a unit of MF Global Ltd. "One textbook indicator in our business is when you have bad news and the market climbs anyway -- usually that's a signal that a market is ready to turn around."
Canadian employers eliminated a net 61,300 jobs, Statistics Canada said yesterday in Ottawa. While economists surveyed by Bloomberg forecast employment would fall by 50,000, the "whisper numbers," or unofficial predictions among traders, called for more severe cuts, Scotia Capital's Tihanyi said.
Canada's dollar will weaken to C$1.26 against the greenback by the end of this quarter before rebounding to C$1.16 in 2010, according to the median forecast in a Bloomberg survey of 38 economists.
Trade Surplus
Government bonds returned 0.2 percent to investors this week, according to Merrill Lynch & Co. indexes. The two-year benchmark security's yield rose three basis points yesterday, or 0.03 percentage point, to 1.12 percent. The price of the 1.25 percent security due in June 2011 dropped 6 cents to C$100.28.
Canada posted a trade surplus of C$126 million ($102 million) in February on shipments of cars and airplanes, Statistics Canada said yesterday. Economists forecast a deficit of C$1.2 billion, according to the median of 23 estimates in a Bloomberg News survey.
The loonie was the fifth-best performer this week against the greenback among the most actively traded currencies tracked by Bloomberg. The Australian dollar was fourth, rising 0.6 percent. Like Canada's currency, it tends to track swings in commodity and equity prices. Mexico's peso was the week's best performer, appreciating 3.6 percent]By Chris Fournier
Canada's Currency Gains Amid Speculation Slump May Be Easing - April 10 (Bloomberg)
The Canadian dollar strengthened for a second consecutive week amid rising commodity prices and signs that the slump in the world's eighth-largest economy may be easing.
Canada's dollar, known as the loonie, increased 0.5 percent for the week, which was shortened by the Good Friday holiday. The nation unexpectedly posted a trade surplus, and monthly job losses were lower than some strategists anticipated. Commodities, which accounted for 56 percent of Canadian export revenue last year, advanced as investors sought riskier assets.
The currency rose to C$1.2237 per U.S. dollar yesterday in Toronto, touching a two-week high of $1.2212. It traded at C$1.2298 on April 3. One Canadian dollar buys 81.72 U.S. cents.
"The loonie seemed to be a distinct outperformer," said Sacha Tihanyi, a strategist in Toronto at Scotia Capital Inc., a unit of Canada's third-largest bank. "We got upside surprises with the data, so that helped."
The Canadian currency tends to track fluctuations in stocks and commodity prices.
Stocks rose, with the Standard & Poor's 500 Index climbing 3.8 percent yesterday to cap a fifth consecutive week of gains. Crude oil for May delivery climbed as much as 6.2 percent yesterday. It finished the week little changed from the five days ended April 3, which saw the commodity's fifth weekly jump. Copper futures posted the fourth week of advances.
Market Signal
The loonie, after touching a four-year low of C$1.3064 on March 9, strengthened as investors ventured out of haven currencies like the U.S. dollar and the Japanese yen to purchase riskier assets such as stocks and commodity-linked currencies.
"Generally the fall in commodity prices seems to have stopped," said Aaron Fennell, a Toronto-based futures and currency broker at MF Global Canada Co., a unit of MF Global Ltd. "One textbook indicator in our business is when you have bad news and the market climbs anyway -- usually that's a signal that a market is ready to turn around."
Canadian employers eliminated a net 61,300 jobs, Statistics Canada said yesterday in Ottawa. While economists surveyed by Bloomberg forecast employment would fall by 50,000, the "whisper numbers," or unofficial predictions among traders, called for more severe cuts, Scotia Capital's Tihanyi said.
Canada's dollar will weaken to C$1.26 against the greenback by the end of this quarter before rebounding to C$1.16 in 2010, according to the median forecast in a Bloomberg survey of 38 economists.
Trade Surplus
Government bonds returned 0.2 percent to investors this week, according to Merrill Lynch & Co. indexes. The two-year benchmark security's yield rose three basis points yesterday, or 0.03 percentage point, to 1.12 percent. The price of the 1.25 percent security due in June 2011 dropped 6 cents to C$100.28.
Canada posted a trade surplus of C$126 million ($102 million) in February on shipments of cars and airplanes, Statistics Canada said yesterday. Economists forecast a deficit of C$1.2 billion, according to the median of 23 estimates in a Bloomberg News survey.
The loonie was the fifth-best performer this week against the greenback among the most actively traded currencies tracked by Bloomberg. The Australian dollar was fourth, rising 0.6 percent. Like Canada's currency, it tends to track swings in commodity and equity prices. Mexico's peso was the week's best performer, appreciating 3.6 percent]By Chris Fournier
Saturday, April 4, 2009
Market Report for March 2009 - Chilliwack Real Estate
The Real Estate Market in the Chilliwack and District Real Estate Board is starting to approach normal levels.
We are increasing the amount of sales and the amount of listings is not increasing. We have seen quite a few multiple offer situations lately which means that Buyers confidence is growing and they are recognizing good deals. Sense of urgency is growing and we are getting a lot more calls for showings. Sales are still less than this time last year but we are witnessing the rise as we speak. The gap is closing. Residential sales increased by almost 40% from February 2009. New listings are down from a year ago so inventory is starting to stablize. the highest amount of sales are in the price ranges of $200,000 to $400,000. The average days that a house in on the market for the sales reported is between 45 and 60 days. Last month our averages for the sales reported was between 75 and 150 days. That is a marked improvement and I believe that is the most significant statistic. Check out our website to get more information on The Chilliwack Real Estate Market, Videos speaking on the Chilliwack area - see link http://www.happyhomesbc.ca/flash/vid3.html See video tours of listings - see link http://www.happyhomesbc.ca/videotours.php
Come and visit and we would love to talk to you about Chilliwack Real Estate
Come and visit and we would love to talk to you about Chilliwack Real Estate
Saturday, March 14, 2009
Market Report for Chilliwack, BC, Canada
Here is the Chilliwack Real Estate Market Report.
Here is a general market report with Statistics from our Board in Chilliwack BC. We are a city with a population of approximately 85,000 people and we are located within 1.5 hours from the City center of Vancouver, BC. We are fantastic community with lakes and mountains and fishing rivers all around us. We have all of the amenities that you need and we are soon to be a University town. We have a WHL hockey team called the Chilliwack Bruins. In the month of January 2009 we totalled 71 total residential sale down 45% from the previous year and about 50% of the total dollar volume. However we saw a slight upturn for the month of February because it seemed that everyone was waiting for the announcment of the Obama administration to happen at the end of January before doing anything. In February our residential sales rose to 125 which is about 43% lower than the previous year and again about 50% of the dollar volume. Already we are experiencing more activity in March and I think that we will see another upturn and get closer to the numbers. The phone is ringing and the attitude of the Buyer is transforming a little to more of a sense of urgency. We actually had a multiple offer situation the other day on one of our listings and got our client $3200 over list price! So that is exciting. To learn more about our community and about our team go to www.happyhomesbc.ca.
Here is a general market report with Statistics from our Board in Chilliwack BC. We are a city with a population of approximately 85,000 people and we are located within 1.5 hours from the City center of Vancouver, BC. We are fantastic community with lakes and mountains and fishing rivers all around us. We have all of the amenities that you need and we are soon to be a University town. We have a WHL hockey team called the Chilliwack Bruins. In the month of January 2009 we totalled 71 total residential sale down 45% from the previous year and about 50% of the total dollar volume. However we saw a slight upturn for the month of February because it seemed that everyone was waiting for the announcment of the Obama administration to happen at the end of January before doing anything. In February our residential sales rose to 125 which is about 43% lower than the previous year and again about 50% of the dollar volume. Already we are experiencing more activity in March and I think that we will see another upturn and get closer to the numbers. The phone is ringing and the attitude of the Buyer is transforming a little to more of a sense of urgency. We actually had a multiple offer situation the other day on one of our listings and got our client $3200 over list price! So that is exciting. To learn more about our community and about our team go to www.happyhomesbc.ca.
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