December 2012 Market Stats

Hi Everybody,

Happy New Year!  I hope you all had a fantastic holiday season and are ready to dive into 2013.

Looking back to the December 2012 real estate market, it was no surprise that we finished the year in much the same fashion as the previous months - overall sales volume was down, compared to 2011 and to the 10 year average for December. 

The Real Estate Board of Vancouver summed it up nicely in their most recent headline as, "Prices hold firm as home buyers and sellers conclude 2012 from the sidelines.  Quite fitting.  You can read the full report here:
http://www.rebgv.org/news-statistics/prices-hold-firm-home-buyers-and-sellers-conclude-2012-sidelines

Some experts predict that we may see a busier market in 2013.  Cameron Muir, BCREA's chief economist said, "The broader slowdown may be a precursor to more elevated activity in 2013, resulting from pent-up demand.

We'll see if that holds true. For now, it's pretty much the same story for my clients currently looking to buy - they're keen to purchase, but there isn't much great product to choose from right now. 

Sounds like a great time to list, if you're thinking about it.

In the meantime, below is the quick summary of how the market fared in December 2012:

 

 

 

 

 

Please don't hesitate to get in touch if you have questions about any of this information.  Likewise, give me a shout if you'd like more information on your own home or neighbourhood, or are thinking about jumping into the market.

If you prefer, you can follow me on Twitter or Facebook at:
Twitter: kimmcalpine
Facebook: www.facebook.com/KimMcAlpineMacRealty

Kind regards,
Kim

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.