RE/MAX Oceanview Realty 5686 Cowrie St.
Kiosk, Trail Bay Mall
Weekly REPORT JAN. 14 – 20, 2014
The real estate market on the Coast has proven difficult to quantify. There have been ups and downs, but no solid trends. Even the Vancouver market isn’t the indicator that it once was. Their steady gains in sales and prices have not manifest on the Coast. However, there is one statistic that has closely followed our market in last 3 or 4 years: the Consumer Confidence Index. For example, the Index dipped at the start of 2013 – exactly when our market struggled - then rose through to December, as did real estate sales, where it hit 84, the highest value since 2010. We’re optimistic that Consumer Confidence will continue to grow and that this will mean a busier real estate market on the Coast in 2014.
ACCESS TO LISTINGS CLICK ON http://www.remaxoceanview.com
SALES THIS WEEK: 7 [SUNSHINE COAST, ALL OFFICES]
NEW LISTINGS THIS WEEK: 43 PRICE REDUCTIONS
CURRENT LISTINGS: 1,000
DET’D SALES to LIST RATIO*: 5%
5% 15% 22%
*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.