Real estate blog entries tagged with market conditions by Howard Sanders, Pender Island Real Estate (Dockside Realty Ltd)

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Home : Blogs : Howard Sanders, Pender Island Real Estate : Pender Island Real Estate Blog - Howard Sanders : Tag "market conditions"

market conditions: A Change in the BC Real Estate Market - 07/24/08 05:20 PM

After five years of blockbuster activity and double-digit price growth here in BC, real estate market conditions have slowed, and now favour buyers in many areas of the province.
Across the province, residential sales have declined 22 per cent in the first six months of this year, while available resale inventory has grown by 54 per cent to 57,000 active listings in June. In the Greater Vancouver area, inventory is at the highest level since 1998.
The price gains observed from 2004 to 2007 are less attainable in today’s market, and sellers should temper their expectations for such gains. Over-optimistic … (0 comments)

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Howard Sanders, Pender Island Real Estate

Pender Island, BC

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