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Vernon BC January 2011 MLS® Statistics
Mid February already and Valentines buying is in full force! Even our almost 3 year old granddaughter blurted out last night that she wants a Valentines cake??? The power of advertising! So how do we make sense of “advertising” surrounding the housing market? Is it time to list? Time to start looking to buy? The question many of our buyers ask us at this time of year is - will the homes coming onto the market in the Spring be listed on average at lower or higher pricing than the current inventory? Should they wait to see what new homes will come on as there will be more choice; or if newly listed homes come on to the market at a higher price is it better for them to purchase now before prices go up? Looking at the actively listed homes for 1st of February versus 1st of January, we find that average pricing is almost across the board down in the different sub-areas around town. Not by much, but it is a downward trend rather than an upward one. This may be due to the fact that some homes being listing now were previously listed at a higher price but ... more
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