Market Update For April.

(April 09, 2015 )

Home Buyers Were Out In Force Last Month!
(Now if you'd like to just get your copy of the best market report ever, simply scroll to the bottom of this page, but then you'll miss my short & sweet video.)

Demand continues to rise across Metro Vancouver. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 4,060 on the Multiple Listing Service® (MLS®) in March 2015. This represents a 53.7 per cent increase compared to the 2,641 sales recorded in March 2014, and a 32.6 per cent increase compared to the 3,061 sales in February 2015.

There is strong competition amongst home buyers today. This is leading to more multiple offer situations and some upward pressure on home prices. For sellers, this means that it's taking less time, on average, for your home to sell if you have it priced correctly for today's market. In a market such as this, it's important to do your homework and work with your local REALTOR before embarking on your home buying and selling journey. “The number of homes for sale today is below what’s typical for this time of year,” Darcy McLeod, REBGV president said. “If you’ve been considering putting your property on the market, these market conditions indicate that now may be a good time to list.”

I you have further questions regarding market conditions in your area, feel free to contact me anytime to discuss your situation. Also under the My Team tab on my website, you'll find a list of the top mortgage brokers, lawyers and notaries I work with. Contact any of them to get excellent advice and guidance.

I'd like to ask a favour of you this month. Please visit my Facebook Page and hit the "Like" button. Thanks very much, and I'll see you next month.

...Oh by the way, if you or someone you know are thinking of buying or selling a home, I'm never too busy for any of your referrals.

Craig

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