RE/MAX Oceanview Realty | 604-885-4313

 
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RE/MAX Oceanview Realty        5686 Cowrie St.

 Kiosk, Trail Bay Mall

Weekly REPORT  Feb 11 - 17, 2014  

 

Although our market has improved, there are some interesting dynamics. On one hand, we see properties that have been on the market for months, with little or no activity. One could conclude the market is slow. Then we see some new listings come onto the market and draw multiple offers. What’s going on? Price! While sales have improved, price is still king. Properties that are priced too high aren’t even getting enquiries. Sharply priced properties are being shown every day. Here’s the good news: there are good, qualified buyers looking for property right now. But they are selective. They are jumping on well priced properties and ignoring everything else. Your RE/MAX agent is an expert on pricing. Listen to their advice. Get your price in line with the market if you wish to sell.  

 ACCESS TO LISTINGS CLICK ON     http://www.remaxoceanview.com

 SALES THIS WEEK: 4 [SUNSHINE  COAST, ALL OFFICES]

DETACHED

ATTACHED

LAND

OTHER

2

1

0

0

PRICE RANGE

0 - 300K

$300K - $500K

$500K - $1M

$1M+

2

1

0

0

AREA

PENDER H.

HALFMOON B

SECHELT

ROBERTS C

GIBSONS

0

0

1

0

2

 NEW LISTINGS THIS WEEK:   50                     PRICE REDUCTIONS

DETACHED

ATTACHED

LAND

 

        18

29

2

12

 

 

CURRENT LISTINGS:   1,075

DETACHED

ATTACHED

LAND

LOW – HIGH

586

149

340

745   -   1390

 

DET’D  SALES to LIST  RATIO*:  3%

                        3%                               15%                  22%

SALES TO

LISTINGS

RATIO

  

    

       

  BUYERS

  MARKET

 

 BALANCED

                          

        SELLERS 

        MARKET

*The Sales/Listings Ratio is a guide to market conditions. A value below 15 favours buyers. 15 – 22 reflects a balanced market, and over 22 gives the advantage to sellers.

 

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