RE/MAX Oceanview Realty 5686 Cowrie St.
Kiosk, Trail Bay Mall
Weekly REPORT Dec. 3 - Dec. 9, 2013
The November statistics are in and with the year-end not far off, we can make a few observations on the market for 2013. First, prices have continued to moderate on the Coast, declining 4% over the past year. This represents a decrease of 1/3% per month, which is which is an improvement on the 1/2% per month we saw earlier in the year. The number of homes sold has also declined 6.3% from 2012. However, this, too, is better than the 15% we saw last Spring. Even though prices and numbers of sales remain in the negative, the rate of decline appears to be trending in the right direction.
ACCESS TO LISTINGS CLICK ON http://www.remaxoceanview.com
SALES THIS WEEK: 9 [SUNSHINE COAST, ALL OFFICES]
NEW LISTINGS THIS WEEK: 30 PRICE REDUCTIONS
CURRENT LISTINGS: 1089
DET’D SALES to LIST RATIO*: = 5% [ADADDD
0% 15% 22%
*The Sales/Listings Ratio is a guide to market conditions. 4 weeks det’d sales/current det’d inventory. A value below 15 favours buyers. 15 – 22 reflects a balanced market, and over 22 favours sellers.