Sunday, September 21, 2014

Housing Market Measured in Supply and Demand Terms

I'm constantly speaking to clients about the housing market in terms of suppy and demand which is often reported as Listed vs Sold...   This info is easily obtained at the link provided below.

Note how supply (listed) has dwindled August 2014 compared to August 2013.   Meanwhile demand (solds or buyers) have remained fairly stable.   This has resulted in a market that feels much hotter or a sellers market.  I do point out however that many sellers from last year just gave up last fall so there may be some shadow inventory out there that comes back as they hear the market has picked up.

Saturday, September 20, 2014

Detached Housing Market Still Super Hot
Just listed and sold after the 1st open house with Multiple Offers.  Great yard and very good condition but only 3 bedrooms total and no suite.

Near Burnaby Hospital,  it's a Fantastic time to Sell older homes in Burnaby.

Friday, September 19, 2014

China Prices down for 4th Consecutive Month

As Always we advise our clients to follow the Mainland Chinese market closely for hints where we are going.

REMEMBER we're now attached at the hip!!

And- Prices falling 1% per month are not FUN