REALTORS® Fergus Kyne and Dirk VanderWal announced today the release of a new report to Victoria real estate market observers, in print and digital editions. The inaugural quarterly publication delivers exclusive analysis and a uniquely informed take on last quarter’s market movements, near- term direction, specific trends, and prescient opportunities for buyers, sellers, and investors.
“Providing this deeper level of insight is a great way for us to provide more value to our clients, and we saw merit in sharing our research more widely,” notes VanderWal, one of The Q Report’s co-authors. His partner in the endeavour, Kyne, elaborates, “The Q Report is an overview of what’s happening in Victoria real estate, but many of the metrics we use to see these bigger trends can be applied to analyze an individual’s particular circumstances. We are positioned to use this data to help people make good decisions.”
The Q Report’s content is comprehensive and wide-ranging, bringing together market performance, policy, finance, outlook, and more. The just-released report charts numerous sales metrics for single family, multi-family, and luxury property classes across the Core, Westshore, and Peninsula, and includes analysis and explanation. A price index ‘leaderboard’ maps which areas have seen the most significant gains in their MLS® Home Price Index® value, those that haven’t, and the reasons why. The current edition of the report also applies a seasonal adjustment algorithm to recent sales figures, teasing out a number of compelling data points from the last few market cycles, and bringing the reader right up to date with trends as of Q4 2018. Finally, the authors define the best opportunities for buyers, sellers, and investors, based on their outlook for Q1 2019.
The project was inspired by a recent business trip to New York City for education and networking with fellow Christie’s International Real Estate associates, where Kyne came across a Manhattan broker who shared a number of her illuminating observations on their high-end property market. The idea of a locally-focused, quarterly market report that stepped out past the standard statistics was born, fellow Newport Realty associate Dirk VanderWal quickly partnered on the project, and the pair got to work on writing.
Kyne continues, “The Q Report is going to be an industry-standard document for our marketplace. Looking ahead, consumers and industry practitioners are going to look this to make sense of what’s happening in real estate around Victoria. We are excited to see what it’s going to evolve into.”
Anyone who is interested in getting a copy of The Q Report should point their browser to victoriaqreport.com.
Fergus Kyne, PREC, and Dirk VanderWal are REALTORS® with Newport Realty Ltd. in Victoria, BC. Newport is a proudly independent local company, serving Victoria for over 40 years, which has grown to nearly one hundred agents with offices in Downtown and Sidney, and is the exclusive regional affiliate of Christie’s International Real Estate.