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Real Estate Matters Blog

Vancouver Real Estate Market continues balanced trend.

January sales were much higher than the number recorded in January 2013 and 7% more than the 10 year January average. How does this indicate a balanced market? In addition to stable real estate prices, it's because the total # of active listings, when compared to the number of sales is about 14% - a number indicative of a balanced market. The lower the %, the more it favours buyers (fewer sales compared to the # of active listings) and the higher favours sellers. This balanced trend is fairly consistent across the various sub-markets. West End 1 bedroom condos, for example, have a ratio of 13% and for Kits 1/2 duplexes, the ratio is slightly more favourable to sellers at 17%. What does this mean for you if you're considering selling?  Your list price must reflect current market conditions - this isn't the time to 'test the market' if you're serious about selling.

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.