We hope you are all having a fabulous summer - the weather has been wonderful. It's always like this isn't it?
Business has been very steady for us despite all the reports from the media covering the federal governments tightening of mortgage regulations. Although our economy is robust there is some concern about the impact of international markets. We have built our business on giving you, your friends and family personalized attention and service and in return you have been so generous with your repeat and referrals business. Whether you are thinking of buying or selling there are always positives or negatives no matter how you look at it. Buying and seling in the same marekt is always ideal.
Stats for the month of July 2012 from the Vancouver Real Estate Board look like this:
- Prices remained relatively stable.
- The number of sales in July were the lowest in the region since 2000.
- Active listings increased 18.8% from this time last year.
- Sales to Active Ratio is 11.6% - these conditions favour buyers.
- Buyers - have more selection to choose from and more time to make a decision.
- Sellers - it is important to price properties competitively.
- Detached - Benchmark price increased 1.4% from July 2011 to $950,200/decreased 1.2% compared to last month.
- Attached - Benchmark price decreased .5% compared to July 2011 & 2012 to $468,700/relatively unchanged since last month.
- Apartments - Benchmark price remains unchnaged compared to July 2011 at $374,300/declined .5% compared to last month.
- 50% of Canadian household have made at least 1 home improvement intended to reduce energy consumption.
- Check out the 6 Top Energy Saving Home Improvements.
- Do your own score to see if your home is an energy hog!
Please feel comfortable to call with any real estate questions - that is what we live for! If you are in need of a professional to spruce up your home we have a network of professionals that we would be happy to refer to you.
Oh & by the way....if you know of someone who would appreciate the level of service we provide, please give us a call with their name and number. We will be happy to follow up & take great care of them. Don't forget our appreciation of $500.00 for each successful referral!