Vancouver Realtor

The figures are in from the Real Estate Board of Greater Vancouver for the sales in January in Vancouver Real Estate. I think we all need to take a stiff drink before reading these as they do not make good reading. Brace yourself as here goes:

 

Overall the selection of property broadens and the demand eases off in the kick off for 2012 in the Vancouver real estate market. There were more home sellers than buyers in January. There was a 4.9% decrease in sales in Vancouver real estate compared to December 2011. There was a 13.3% decrease overall of sales in Vancouver real estate compared to January 2011 last year. There was an 18% decline in sales since January 2010 two years ago. Oh dear!

 

This has been the second lowest January for sales in 10 years. New listings have increased by 19.9% compared to a year ago and a 253% increase from December 2011! A 253% INCREASE IN LISTINGS since December 2011...I had to repeat that because I didn't believe that statistic myself!

 

Prices in Vancouver real estate continue to rise unabated. There was a 5.7% rise compared to a year ago and a 0.1% rise in prices since a month ago.

 

So if you are listing a property you have over double the competition up against you and if you are buying a property you have twice the volume to choose from.

 

If you would like a Realtor with an MBA to make sure you are making the best investment with your real estate dollars then please don't hesitate to contact me on 604.437.4277 anytime. At times like this you need a good Vancouver Real Estate Agent to keep you informed.