I hope you all have been having a great time so far and looking forward to more of the same as September promises to be a great outdoor month. It is hard for me to stay indoors in this weather but I suppose at some point we all have to get back to the routine. However there are always the evenings and weekends so onwards and upwards.
You may all be aware that 2012 has seen a significant downturn in the Greater Vancouver real estate markets. Some areas have seen a drop in sales of over 50% and price corrections happening all over. It has been the quietest August for over 10 years and it will be interesting to see what happens when the traditional fall markets kick off later this month. It is either going to be fizzing fireworks or flat foam. So lets take a look at what has been happening with sales. See below the latest data with 3 year historical figures to 2010 for August 2012 for Greater Vancouver including Burnaby and New Westminster:
For all you potential sellers out there. If you need to sell your home, make sure you work with and listen to an educated Realtor who will provide you with in depth market analysis so you are priced competitively, achieve your goals and move on. Be in the market and not just on it.
For all you buyers, keep your eye on the ball, work with and listen to an educated Realtor to help you take advantage of this current market and get the most out of it. It is a great time to be a buyer.
Let's get together and make this happen!
Cheers
Gerry
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