RE/MAX Oceanview Realty | 604-885-4313

 
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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]

DETACHED

ATTACHED

LAND

OTHER

5

1

1

0

PRICE RANGE

0 - 300K

$300K - $500K

$500K - $1M

$1M+

3

3

1

0

AREA

PENDER H.

HALFMOON B

SECHELT

ROBERTS C

GIBSONS

0

1

1

0

5

 NEW LISTINGS THIS WEEK:   43                     PRICE REDUCTIONS

DETACHED

ATTACHED

LAND

 

        13

24

4

2

 

 

CURRENT LISTINGS:   1,000

DETACHED

ATTACHED

LAND

LOW – HIGH

527

151

322

745   -   1390

 

DET’D  SALES to LIST  RATIO*:  5%

                               5%                        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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