GREATER VANCOUVER REAL ESTATE SPECIALIST
I am proud to deliver experienced, professional real estate services in North Vancouver, West Vancouver, and Vancouver West Side with a proven track record of success and an earned reputation for integrity, honesty and the highest calibre of real estate service available. Looking to make a move in the Greater Vancouver real estate market? Contact me today!
If you are thinking about selling or buying a home, give me a call, I am happy to talk with you anytime!
Eric
AUGUST 2010 MARKET STATISTICS
In it's most recent release, the Real Estate Board of Greater Vancouver states that "Conditions in the Greater Vancouver housing market continued to favour buyers in August. Since April, prices have edged down slightly as the number of sales and the number of properties coming on to the market have been declining."
“We’re seeing moderate demand, low interest rates and a healthy but slowing stream of supply in our marketplace, all variables that favour those looking to purchase a home,” Jake Moldowan, REBGV president said. “The last few months have also shown some stability when it comes to price fluctuations in the region, which is a welcome trend after reaching record highs in April.”
Here are a few relevant stats:
West Vancouver Benchmark*: $1,390,082 (up 5% over same period in 2009)
North Vancouver Benchmark: $879,328 (up 2% over same period in 2009)
*Benchmark represents a typical property in each market
West Vancouver Detached Sales: 46 (58 during August 2009)
North Vancouver Detached Sales: 58 (100 during August 2009)
In North Vancouver, sales have decreased in direct relation to the rapid escalation in property values.
West Vancouver New Listings: 99 (87 during August 2009)
North Vancouver New Listings: 91 (114 during August 2009)
Please note that North Vancouver has twice the population, but the same number of new listings
Summary: Sellers should be realistic when pricing their property and Buyers can be patient as the market environment is beginning to favour them.
I am proud to deliver experienced, professional real estate services in North Vancouver, West Vancouver, and Vancouver West Side with a proven track record of success and an earned reputation for integrity, honesty and the highest calibre of real estate service available. Looking to make a move in the Greater Vancouver real estate market? Contact me today!
If you are thinking about selling or buying a home, give me a call, I am happy to talk with you anytime!
Eric
AUGUST 2010 MARKET STATISTICS
In it's most recent release, the Real Estate Board of Greater Vancouver states that "Conditions in the Greater Vancouver housing market continued to favour buyers in August. Since April, prices have edged down slightly as the number of sales and the number of properties coming on to the market have been declining."
“We’re seeing moderate demand, low interest rates and a healthy but slowing stream of supply in our marketplace, all variables that favour those looking to purchase a home,” Jake Moldowan, REBGV president said. “The last few months have also shown some stability when it comes to price fluctuations in the region, which is a welcome trend after reaching record highs in April.”
Here are a few relevant stats:
West Vancouver Benchmark*: $1,390,082 (up 5% over same period in 2009)
North Vancouver Benchmark: $879,328 (up 2% over same period in 2009)
*Benchmark represents a typical property in each market
West Vancouver Detached Sales: 46 (58 during August 2009)
North Vancouver Detached Sales: 58 (100 during August 2009)
In North Vancouver, sales have decreased in direct relation to the rapid escalation in property values.
West Vancouver New Listings: 99 (87 during August 2009)
North Vancouver New Listings: 91 (114 during August 2009)
Please note that North Vancouver has twice the population, but the same number of new listings
Summary: Sellers should be realistic when pricing their property and Buyers can be patient as the market environment is beginning to favour them.
