The Holidays are upon us! It can be a wonderful time, but also busy and stressful. Be sure to take some time for yourself and enjoy.
Looking to real estate: Home buyer demand remains below long-term historical averages in the Metro Vancouver housing market. The number of sales are down a whopping 42.5% compared to November 2017 and 18.2% lower than October 2018. They were also 34.7% below the 10 year average for sales in November.
“Home buyers have been taking a wait-and-see approach for most of 2018. This has allowed the number of homes available for sale in the region to return to more typical historical levels,” Phil Moore, REBGV president said. “This activity is helping home prices edge down, across all property types, from the record highs we’ve experienced over the last year.”
“Home prices have declined between four and seven per cent over the last six months depending on property type. We’ll watch conditions in the first quarter of 2019 to see if home buyer demand picks up ahead of the traditionally more active spring market,“ Moore said.
For Vancouver, here is the snapshot (please get in touch if you'd like information on an a different area):
I wish you, your family and friends a wonderful holiday season and a fantastic 2019!
Come join me on social media or visit my webpage:
Instagram: kim.c.parish.realestate
Twitter: @kimparish73
Facebook: https://www.facebook.com/KimParishMacRealty/
Twitter: @kimparish73
Facebook: https://www.facebook.com/KimParishMacRealty/
Web: http://kimparish.com
A large part of my business comes from referrals, so if you or someone you know is interested in buying and/or selling, please pass along my contact information and I would be happy to speak with them about how I can help.
Warm regards,
Kim
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.