Monday market VREB numbers courtesy of Marko Juras.
|Wk 1||Wk 2||Wk 3||Wk 4|
|Sales to New Listings||
|Months of Inventory||
We are pacing 35% above last January in sales which is insane. Sales to list is usually very low in January, but not this year. I walked through 1606 Kenmore on Sunday. 60s Californian bungalow listed for $550,000. There was not a single thing in there that was not in need of complete gutting (which was half complete) and reno. Overall it might be an OK investment, but seemed crazy given the condition. Well the open house was swarming, I asked if they had offers and they said they were reviewing them all that night. Now it’s gone, so I imagine full price or higher unconditional.