While the Real Estate Board of Greater Vancouver reported that
"Over the past six months, the Greater Vancouver housing market has seen a reduction in the number of homes listed for sale, a gradual moderation in home prices and a decrease in property sales compared to historical averages."
“Home sellers appear more inclined to remove their properties from the market today rather than lower prices to sell their properties. On the other hand, buyers appear to be expecting prices to moderate,” Eugen Klein, REBGV president said.
While visiting Galiano Island last weekend to clean the roof gutters of leaves and debris, one of my invited guests mentioned that the market prices for detached properties (houses) appears to be "holding its own" while real estate prices for apartments and townhouses are "taking a hit". An important opinion, I thought, since it came from a senior manager from the BC Assessment Authority.
Dec. 4, 2012
Bill de Mooy, B.Comm.
Macdonald Realty Westmar
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.
Comments:
Post Your Comment: