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More news in from the Real Estate Board of Greater Vancouver. This information below is an excerpt from a report from the REBGV.
Buyer's Market Conditions Continue in Greater Vancouver...
The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,202 in August 2010. This represents a 36% decline from the 3,441 sales in August 2009, the second highest selling August ever recorded, and a 2.4% decline compared to July 2010.
From a wider perspective, last month's residential sales represent a 40.4 per cent increase over the 1,568 residential sales in August 2008, a 34.9% decline compared to August 2007's 3,384 sales, and a 26.6% decline compared to August 2006's 2,998 sales.
What does this all mean to you??
"We're seeing moderate demand, low interest rates and a healthy but slowing stream of supply in our marketplace, all variables that favour those looking to purchase a home, " Jake Moldowan, REBGV president said. "The last few months have also shown some stability when it comes to price fluctuations in the region, which is a welcome trend after reaching record highs in April."
This is a good time to be considering buying a home. Give Shay and Barbie a call and we will get together with you to discuss Real Estate and how we can help you to achieve your Real Estate goals.
Barbie and Shay
Barbie 604 741.1239
Shay 604 989.9888
Reaching YOUR Goal is OUR Mission