How do you sum up a real estate market that is so inconsistent?

 

  • Homes not selling for months
  • Homes recieving multiple offers 
  • Little inventory in some areas
  • Too much inventory in others. 

 

What is the consistent part of the market? Answer. The Buyers

 

Put yourself in the buyers position. You've heard your friend/family member paid "X" amount of money below the asking price for a home.  What do you now expect when you go to buy? The same thing? Of course! You don't want to over pay when buying in the same market.   

 

The problem is, one street/neighbourhood/complex/builing in one area can greatly differ from another. Even a unit in the same building...

Read full post
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.