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Vancouver sales are down, with the exception of the detached housing market where sales have doubled in West Van and are slightly up in North Van and Vancouver's Westside. The number of new listings continues to grow however, prices remain stable in many areas. Serious buy ers are out there, taking advantage of the increased inventory and slower pace, resulting in great deals, while others are watching and waiting.

Serious sellers need to be realistic about asking prices and home preparation. Most buyers are looking for turnkey properties so it's imperative that your home shows to its fullest potential. Contact us for more information on how to get your home sold quickly while earning top dollar.

Stats are provided by the Real Estate Board of…

Back to school and back to work! While August was slower than normal, September is definitely busier than normal. Our buyer clients are out in full swing, still cautious but happy about the growing selection of homes for sale. Sellers have some tough competition out there in many, but not all, communities. The number of detached homes and condos being listed continues to increase at a steady pace this September, contrary to what we've experienced in recent months.

In North Vancouver all market areas (detached, attached and apartment condos) are up in value from last year while in Vancouver and West Vancouver, condos are marginally down in value. Not bad considering our somewhat slumpy summer... at least the weather was awesome!

Sellers: be realistic…

Tighter mortgage insurance rules, global economic uncertainly and calls for a price correction in the Vancouver real estate market will cause some buyers to delay purchasing. The effect of weaker consumer confidence is expected to dissipate and give way to a more aggressive rebound heading into 2013. Sales are low but the number of new listings is also on a decline which is a key factor in local, stable prices. A positive sales trajectory is expected by the end of 2012 or early next year leading to annual sales gains of 7% in 2013 and 8% in 2014… lacklustre but steady.

The average number of days on market has also increased, giving buyers a bit of breathing room and very limited multiple offer situations to contend with. However, when properties are…

Although the real estate market is slowing down in terms of sales, that's also pretty typical for May and June. Many areas of The North Shore and Vancouver continue to see multiple offers although they are less common compared to last month. On average, the price differential has tightened up too. North Vancouver's detached sales are the strongest with 34 out of 123 homes being sold for list price or higher. The most popular communites are (still) Capilano Highlands, Lynn Valley and Upper Lonsdale. 

The strongest apartment condo market is in Vancouver West. There were 402 sales, up from last month's 361, and 47 of those units sold for list price or higher. University wins out for the hottest community in May, followed by Kits, Downtown, the West End…