richmond bc housing market: Trading Up In a Down Richmond Housing Market - 11/08/08 02:24 PM
The reasoning for trading up in a down Richmond housing market is best summed up by Sebastian Albrecht, a Vancouver Realtor at Royal LePage Westside.
The housing market in Richmond is similar to the markets in other Greater Vancouver Municipalities. Home prices had come down by 10% to 12% from the peak towards the end of 2007.
Trading Up
Obviously, you must have the need for trading up to a newer or larger home, a better neighborhood and you can afford to make the move.
If you are in a similar situation wondering whether you should trade up, the post … (0 comments)
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richmond bc housing market: Homes market flooded by sellers - 05/20/08 11:08 PM
Globe and Mail reported on May 14, 2008:
Home sellers flooded the markets in Toronto and Saskatoon last month, causing listings to surge to a record level in Canada.
Unit sales dropped by 6.1 per cent from the year before, but edged up by 0.8 per cent compared with March, on a seasonally adjusted basis.
In 2007, the average price of a resale home in Saskatchewan rose by 32 per cent compared with the national average increase of 11 per cent, according to data from CREA. This year, the average home price in Saskatchewan is expected to rise by 19.5 per … (0 comments)
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richmond bc housing market: Richmond 1st Quarter Housing Sales Report - 05/04/08 02:04 PM
The lower sales for Richmond homes in the month of January and February 2008 can be attributed to the seasonally lower yearly real estate activities. Sales picked up from a low figure of 271 to 378 in February and reached a total sales figure of 427 in March.
This compared favourably with the average Richmond 2006 and 2007 sales at 416 and 446 respectively.
A more up-to-date tracking report by Paul Boenisch at Prudential Sussex Realty is showing a significant build-up in Richmond's housing inventory for April, 2008. Paul's chart showed that Richmond's housing inventory for April surpassed that reported … (2 comments)
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