Vancouver Real Estate Market Insights: January 2013
So far this January, we have seen a fairly consistent flow of new listings with a tempered increase in sales. The big question surrounds sales volume, and whether a sense of urgency returns to the buying public. Interest rates, predicated on weak economic expectations going forward, are set to stay low. So no help there in terms of urgency. Naturally, the other focal point will be on supply and demand. As the spring market continues to evolve, we can expect that the well priced and good looking properties will continue to dominate the sales landscape, while older, tired, or over priced listings will linger.
If you or someone you know is contemplating entering the market as a Buyer or Seller, please call anytime! The best outcome is determined not by luck, but by well executed planning. I would be honoured to help.