Linda Linfoot - Keeping You Informed
Priced To Sell
There's a perfect home available for every homehunter out there, and a buyer for every property on the market. The key is to work within the price-points you're comfortable with, together with a qualified real estate sales representative to advise you on what makes sense in today's market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region's Multiple Listing Service® (MLS®) system reached 2,317 in October 2011, presenting a one percent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous month. According to REBGV, the Greater Vancouver housing market has a sales-to-active property listings ratio of 15 percent. It continues to hover at the lower end of a balanced market, where it has been trending for the past five months.
"Right now, prospective homebuyers have a good selection of properties to choose from and more time to make decisions," said Rosario Setticasi, REBGV President. "Home sellers should be mindful of local market conditions to ensure they are pricing their properties competitively."
Why not call for an update on market conditions in your own corner of Vancouver, or on any other areas you'd like to look into? It's always interesting to see what's going on now, and where the prices are heading in your specific area of interest.
