Perspective homebuyers continue to disagree with sellers on the issue of price. Despite the market being quite active, this is leading to reduced sales and property values continue to be relatively stable, considering.
The first month of 2013 brought us similar market conditions to what we saw in greater Vancouver throughout the last half of 2012. There were 1351 homes sold on the region’s MLS in January. That’s a 14% decline compared to January 2012 but an 18% increase from last month.
The number of listings in January 2013 was also down. They were 11% below January 2012. We are finding that some home sellers are opting to remove their properties from the market rather than settle for a price it doesn’t meet their expectations.
We are also…