Easter Egg Hunts and the Easter Bunny are almost upon us!
The Spring Real Estate Market is here! There are many new "Sale" & "Sold" signs sprouting up around your neighbourhoods. Homes continue to sell despite the underwhelming media reports. There are always buyers entering into the market, sellers moving up or downsizing! When we bought our 1st home the mortgage rate was 14% - we were ready and we bought! Mortgage rates are at a historical low!
We have to thank you all again for your great support! Your referrals and repeat business have put us in the top 5 in the Team Category in our office again this month!
Bright spots in the Tri Cities and Fraser Valley
A buyers market is anything below 14% raitio - (1.4 homes in 10 selling)
Most areas of the Tri Cities & Fraser Valley with the following exceptions.
Balanced Market in the following areas: (15 to 20% ratio)
Burnaby: Attached 17% sales ratio - (1.7 in 10 homes selling)
Coquitlam: Detached 16% sales ratio - (1.6 in 10 homes selling)
Port Coquitlam: Detached 19% sales ratio - (1.9 in 10 homes selling)
Port Moody: Detached 15% ratio - (1.5 in 10 homes selling / Attached: 19% ratio - (1.9 homes in 10 selling))
Fraser Valley: Buyers market with the exception of N. Delta which has a balanced market in the attached sector.
Sellers Market: (21% & Greater Ratio)
New Westminster: Detached & Attached - 21% Sales Ratio - (2 in 10 homes selling)
Do you know your Number?
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