Happy Holidays Everyone! Tis the season for the Real Estate Market to slow down, and boy has it ever. The number of listings available for sale is dwindling, and so are the sales numbers. Buyers are snapping up the good properties before Christmas (and planning for the January move) while it seems many other Buyers and Sellers are planning to make the big move in January or February. The East Vancouver detached market – as busy as it’s been – slows down significantly as well since it’s a little harder for families to make the move around this time of year, and for those Sellers wanting to decorate their homes for Christmas, it’s a hard time to try to sell your property. Looking at our list of clients hoping to buy or sell in the New Year, we expect a very busy February through May!
Overall, given what has been listed and sold, the market is performing well with positive Sales to Active Ratios, minimal fluctuation in price and overall interest from people looking to buy or sell in East Vancouver.
Take a look at our market updates for more specific information:
One thing I want to point every one to is our “Insider’s Edge” service that will become a favourite for every Buyer! This service will keep a list of properties that match your criteria (price, bedrooms, size, neighbourhood, construction, rental restrictions, etc) that you can access anytime – you no longer have to search across the internet for your next home, as these properties will be emailed to you. You’ll also be able to see how long they’ve been on the market and what they sold for – two pieces of information every buyer wants and can’t find on Realtor.ca. The best part is the WeLoveEastVan Team is only an email or phone call away for more information. Take a look at our “Insider’s Edge” page for a screenshot and more information, along with your chance to Sign Up!
As always, contact the WeLoveEastVan team if you have any questions, or if you want us to get yourself positioned to find the right home, at the right time, for the right price and terms. It’s going to be a busy New Year in Real Estate, so make sure you’re prepared.
Have a wonderful Holiday Season, and Happy New Year!