cheaprealty net

This "Months Of Inventory" (MOI) snapshot was based on MLS searches done for the VREB area on October 31, 2008.

Single family home listings total 1491. Condo inventory is at 1276.
There are 447 townhouses available along with 348 million dollar plus
properties.

For comparison, check out the previous inventory search here. 

On CNBC discussing the financial crisis with Nouriel Roubini, of
RGEMonitor.com and Jack Rivkin, former CIO of Neuberger German; parts 1, 2 and 3.  Thanks Micromacro101.

What, nomadic again?

This "Months Of Inventory" (MOI) snapshot was based on MLS searches done for the VREB area on October 21, 2008.

Though anecdotally there are more signs around and sales seem to have slowed, will the result be an increase in available listings?  Not so far.

Single family home listings total 1481. Condo inventory is at 1260. There are 454 townhouses available along with 367 million dollar plus properties.

For comparison, check out the previous inventory search here. 

Self-regulation = no regulation.

This is socialism for the rich and well connected...

I love listening to Roubini list everything that happened and then ripping apart the whole fiscal framework.

Moral hazards, anyone?

Here's another image for the local market.  Nominal averages - just the numbers unadjusted for inflation, for the VREB area in the last two and a half years (January 2006 - September 2007).  It's interesting to compare this with the graph of nominal medians: this one shows more volatile price movements, but it also shows a consistent down trend since spring 2008.  Will this continue, or have we already reached a bottom?  So far, prices have only retraced back a year - will they go further?

Meanwhile - update on the $50,000 reduction on Quamichan (MLS® 252881), it actually sold for $435,000, so tack on another $15,000 price drop.  This is Fairfield now.  Fairfield, its the new Fernwood, more affordable than you thought.  Really...

Seems the times they are indeed a changin' ....

Re-establish budget control - yep, at all levels...

$480,000 per household in per capita debt.  Really.

Peter Schiff again calling for the Fed and others to just let the recession happen.  Or ty to reinflate the bubble [again] and what happens later will be even worse, if you can believe that...

"How much do you want?"

"How about far more than we can afford?"

Financial anime parody of the financial sytem with characters just like those wall st brokers who instigated all this nonsense and who are now getting bailed out.

Too bad for the purchasers of that junk debt, like Grandma's pension fund.  Oh well.

Thanks UltrasonicMailman.

Well, if an image is worth a thousand words, take a look at this.

As prices went up, inventory also went up.  Prices have now started down, but... inventory is still going up.

Could prices still be too expensive?  Hmmm.

Meanwhile, check out some recent price drops (no hyperbole, I promise):

MLS® 252881  $50,000 reduction!!!  We're not messing around.  This one is AWESOME!!!

MLS® 253454  $20,000 reduction - and a FREE plasma TV!

MLS® 251833  $20,000 reduction near Oak Bay High School!! Radical.

This "Months Of Inventory" (MOI) snapshot was based on MLS searches done for the VREB area on October 1, 2008.

Single family home listings total 1544. Condo inventory is at 1217. There are 445 townhouses available along with 372 million dollar plus properties.

VREB Inventory^.