Blog by Richard & Olga Balov

Real Estate Market Absorption Rates

June 15th, 2010
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for 2 br Condo in New Westminster area

May market offers buyers greater selection

June 4th, 2010

VANCOUVER, B.C. - June 4, 2010

The number of properties listed for sale in Greater Vancouver continued to rise in May, while the number of sales showed a year-over-year decrease.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,156 in May 2010, a decline of 10.4 per cent compared to the 3,524 sales in May 2009; ...

CMHC HOUSING MARKET OUTLOOK

May 28th, 2010
Vancouver Highlights:
• Moderating MLS® sales and more homes listed for sale will move the resale market into more balanced market conditions.
• Home prices will rise 11 per cent this year, with most of the gains taking place in the fi rst half of the year.
• Modest price growth is forecast for 2011.
• New home construction will increase, but stay below the ten-year average level, this year a ...

BC Home Sales Less Volatile

May 14th, 2010

BCREA,

Vancouver, BC - May 14, 2010.

The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 21 per cent to 8,385 units in April compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province declined 4 per cent from March 2010. The average MLS® residential p ...

REBGV Stats - May 4, 2010

May 4th, 2010

Home buyer and seller activity increases in busy spring market

The Greater Vancouver housing market experienced increased activity in April thanks to a steady balance of home buyers and sellers entering the marketplace.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,512 in April 2010, the fifth highest-selling April ...

Home listings rise to start the spring season

April 6th, 2010

A steady influx of new listings has helped create a balanced 'typical spring' housing market in the Greater Vancouver region.
The Real Estate Board of Greater Vancouver (REBGV) reports that new listings for detached, attached and apartment properties in Greater Vancouver totalled 7,004 in March 2010. This represents a 60 per cent increase compared to March 2009 when 4,385 new units were liste ...

Home sales activity strong through Olympic period

March 2nd, 2010

Home sales activity strong through Olympic period

VANCOUVER, B.C. - March 2, 2010

The Greater Vancouver housing market continued to experience strong demand from homebuyers and an increase in total property listings in a month where the eyes of the world were focused on the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouv ...

Real Estate Market Absorption Rates - A Great Way to Determine the Real Estate Market Trends

February 20th, 2010

Every buyer or seller would like to know is it a buyer's or seller's market? No buyer wants to pay too much and no seller wants to leave money on the table by pricing too low. The answer is in knowing the Market Absorption Rates which we constantly monitoring

Property absorption rates in any local real estate market are usually considered the best indicators of whether that market is a selle ...

BCREA Housing Forecast - January 2010

February 11th, 2010
forecast_tableJan2010.gif

Gold medal recovery limited by economy, affordability

Residential units sales through the Multiple Listing Service® (MLS®) in BC are forecast to increase six per cent to 90,100 units in 2010, before edging back three per cent to 87,500 units in 2011.

MLS® residential unit sales sprinted from an annualized rate of 50,000 units during the first quarter of 2009 to 112,000 units during the fou ...

Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market.

February 2nd, 2010

Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 1,923 in January 2010, an increase of 152.4 per cent compared to January 2009 when 762 sales were recorded and a 23.5 per cent decline compared to the 2,515 sa ...