Only One Hour is set this Saturday to view this new listing at 68-22000 Sharpe Ave. For details CLICK HERE

Is it a Buyers' Market? Is it a Balanced Market?

Sales-to-Active Listings

This indicator shows the relative balance between the demand for homes and supply of homes in the market. A high ratio denotes a market that is more in favour of sellers creating upward pressure on prices. A low ratio reflects a market in favour of buyers, putting downward pressure on prices. A balanced market is generally associated with a ratio between 0.15 and 0.20, where pressure on home prices is considered neutral.

Click here to see what's happening with average prices in East Vancouver per square foot.

Click here to see whether it's a buyers or sellers market with new construction and with reale housing in East Vancouver. Remember, a ratio below 0.15 is considered a buyers' market and above 0.20 is considered a sellers' market.

 

June 4, 2012 – The number of properties listed for sale continued to increase in the Greater Vancouver housing market in May. The number of sales decreased year over year, but remained relatively constant compared to recent months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,853 on the Multiple Listing Service® (MLS®) in May 2012. This represents a 15.5 per cent decline compared to the 3,377 sales recorded in May 2011.

May sales were the lowest total for the month in the region since 2001 and 21.1 per cent below the 10-year May sales average of 3,617. However, sales have been constant throughout the spring months, with 2,874 sales in March and 2,799 sales in April.

Great News For Home Buyers!  More Selection.  More Time to Choose.  Better Negotiating Room.  Lowest Interest Rates in decades.  

I'll be pleased to explain to you the home buying process, how to find the best deals, how to find the biggest selection of homes for sale, how to negotiate the best terms, the lowest mortgage interest rates, legal fees, and more.  We can start over coffee or tea at my office or your place.  It's all FREE.  Only when I successfully help you get the home you want does the seller pay me a commission for helping them sell their home.  

Just call.  Bill de Mooy 604-279-3815.