Nov/Dec 2010 Newsletter
Nov/Dec 2010 Newsletter
Season’s Greetings
Market Update
Greater
Sales: The number of sales reported by the Real Estate Board of Greater Vancouver (REBGV) totalled 2,509. That is 7.4% increase compared to October 2010.
Listings: The number of active listings in Greater Vancouver was 12,384, a 12.1% decline from last month but a 12% increase from November 2009.
Factors that affected the real estate market?
- Home values have been fairly stable over the last 5 months compared to the summer period when there was some downward pressure.
- Over confident sellers’ were not as pleased with the market as they did not see much activity compared to the sellers’ whom priced their properties accurately for today’s market. Those were the ones selling & in some cases over the asking price.
Today’s market?
- With the holiday season arriving, we are seeing the usual slow down as people prepare to enjoy this time with family & friends.
- Although we are still seeing a strong demand out there but limited supply.
- I suspect that the first quarter next year will be active as Buyers’ will seek out the best available properties which will be marginal which can benefit the sellers’.
Buying or selling? Call me today and I would be happy to discuss market conditions in your neighbourhood.
William Lew
604 862 1966 (direct)
Dexter Associates Realty
Market Snapshot – see all the listings, sales, list to sell ratio, days on market & everything you need to be well informed. Amazing powerful tool is completely free. Just go to www.westsideliving.com & fill in the MLS Market Snapshot.
This communication is not intended to solicit property already listed.