Market Updates

End of Summer Market Update

Posted on Sep 14, 2017 in Market Updates

For many of us, especially me, this season change is the most exciting. I love the colours brightening on the trees, crisp air and mountain season upon us. But what I love the most is getting to reconnect with each and everyone of you.
It’s the time of year where a lot of us shift into routine, work focus and big decision mode like selling a home o...

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Market Update | May brings upswing in sales

Posted on Jun 09, 2017 in Market Updates

Sales are up due to active buyers. According to the Real Estate Board of Greater Vancouver, it was the “third-highest May on record” for sales in the region (REBGV, 2017).

While last year’s interest was in single family homes, this year we are seeing unusual spikes in demand for townhomes and condos. In fact, Greater Vancouver is so short on supply...

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Spring Shoppers Compete for Homes

Posted on May 08, 2017 in Market Updates

Well, it has certainly been harder for buyers than for sellers this past month. Multiple offers are rolling in on condos and townhouses, as the supply is still below the normal level. 

This scenario has kept the sales-to-active listings ratio at 45.5 % for all property types (REBGV, 2017). Which suggests that we are still in a sellers’ market. Howeve...

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Buyers Need Listings | Market Update

Posted on Apr 06, 2017 in Market Updates

Condos and townhomes are still a hot commodity in Vancouver. With few listings on the shelves, we are seeing great units come onto market and within a few days the sold sign is up. While the MLS average number of days on market for condos and townhomes is around 3 – 4 weeks, a good marketing plan, accurate pricing and the right unit could sell abov...

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Inventory Up | Market Update

Posted on Feb 20, 2017 in Market Updates

Inventory has improved since December 2016! In fact, listings are up a little more than 14% for the entire region when compared with December (REBGV, 2017). And, some of the greatest gains in inventory were made in Vancouver – east and west.

This increase is bringing down the sales to active listing ratio even further to 21%, which according to the...

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Back to Normal? | Market Update

Posted on Sep 16, 2016 in Market Updates

If you look at the numbers it looks like the market has slowed significantly (when compared to the first half of the year), but there are pockets in the market that are still active. I’ve had a number of new listings and sales since the start of August and through September, which suggests great homes are still moving fairly quickly. High-end homes...

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