I hope you are all enjoying the amazing weather we are finally having here as the summer has just about got kick started. I have been to Stanley Park and the beach several times this week and it looks amazing.
So great to see so many people soaking it all up. The place is alive with activity and all the bars and restaurant patios are filled with lively conversation as people enjoy the outdoor experience that makes Vancouver so special. I hope you all have some great outdoor activities planned this weekend to take full advantage. I am off to Bowen Island with the dogs, friends and a picnic packed for some island time, great walks and a relaxing afternoon on some secluded beach somewhere.
So what has been happening in the Greater Vancouver Property Markets for July 2012? There is no doubt about it. All the signs and the numbers point to a real slowdown in the markets this year. The only areas that seem to have reasonable energy left in them are parts of East Vancouver. The Grandview area around Commercial Drive is getting very popular as more people take advantage of the great things this area has to offer, the steady improvements to public spaces and choice of local amenities and of course the affordability factor compared to other parts of the city.
VANCOUVER WEST SALES ACTIVITY JUNE 2010-2012
VANCOUVER WEST ACTIVE LISTINGS JUNE 2010-2012
VANCOUVER EAST SALES ACTIVITY JUNE 2010-2012
VANCOUVER EAST ACTIVE LISTINGS JUNE 2010-2012
NORTH VANCOUVER SALES ACTIVITY JUNE 2010-2012
NORTH VANCOUVER ACTIVE LISTINGS JUNE 2010-2012
WEST VANCOUVER SALES ACTIVITY JUNE 2010-2012
WEST VANCOUVER ACTIVE LISTINGS JUNE 2010-2012
RICHMOND SALES ACTIVITY JUNE 2010-2012
RICHMOND ACTIVE LISTINGS JUNE 2010-2012
So there you have it. If you have your home listed or are contemplating listing it, you will need to get your price very sharp and in line with the markets as there are record levels of listings in many areas out there right now. You may even want to consider putting back listing your place until the fall markets in September/October and see where everything is at. Talk to us here at imaginevancouver and make an educated informed decision.
For buyers, this is a fantastic time to take advantage of what is now for the most part a buyers market. With so much property to choose from and great mortgage deals to be had this may be your chance to negotiate hard, get that piece of real estate you always wanted. Talk to us here at imaginevancouver and see how you could achieve this.
Stay tuned for more market information coming your way. If you have any questions feel free to get in touch. Lets get together and make this happen!
Have a great weekend
Cheers
Gerry
