As promised here is a graphical breakdown of the July 2012 Greater Vancouver Property Markets. They include Richmond, Burnaby and New Westminster, highlighting the Sales to Active Listing Ratios. Most areas have seen a slow down this year and it will be interesting to see what happens when the fall markets return in September.
All the data strongly supports a buyer's market. As a seller you need to be aware of this and price your property sharply. Buyers have a great opportunity to take advantage of this current market and the fantastic mortgage deals to be had.
If you have any questions feel free to get in touch. Let's get together and make this happen!
Cheers
Gerry
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