Tagged : real estate RSS Feed

This past month the sales to active listings ratio in Greater Vancouver shifted slightly to 15% which places us from the higher end of a buyers’ market into the lower end of a balanced market. This is because home sales remain steady while listing inventory takes a break for the first time this year. There were 4,374 new listings in October which is in line with the 10 year average for new listings. Currenlty, there are 15,377 properties listed for sale in Greater Vancouver, 4% lower than last month.

While the number of sales increased slightly last month, detached prices decreased by 1.6% in October and condos decreased by 3%. Attached properties increased marginally by .5% compared to the previous month. Price stability combined with a healthy…

Month over month, the consistent rise in our listing count has been outpaced by home sales, keeping a lid on home prices. However, this has pushed the Greater Vancouver housing market into the upper end of a buyers’ market. The number of properties listed for sale on the MLS® rose to 16,085 in September 2011. This represents a 4.6% increase over last month and a 4.4% increase compared to September 2010.

What does this mean for you? Honestly, it really depends on where you live but generally speaking, sellers and their REALTORS® have to work harder for an offer. Home staging is becoming popular for sellers to get top dollar and potentially drive multiple offers. They also need to be more accurate in their pricing because they actually have…

Sales and new listings were down for August however, recent market activity indicates that we're not done yet! We had a great spell of extraordinary weather which had Vancouverites out and about, trying to enjoy the remainder of what turned out to be a very short summer. Now that fall routines have set in and everyone is back at work and school, the race is on. Buyers and sellers alike are making a last push before the rain (really) begins and the holidays start knocking.

For example in North Vancouver, new listings are coming on at a steady pace and we're seeing some sellers reduce their pricing in an effort to revive older listings. Buyers are taking advantage of the increased inventory and properly priced, move-in ready homes are selling quickly.…