RE/MAX Oceanview Realty | 604-885-4313

 
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RE/MAX

Oceanview Realty

5686 Cowrie St., Sechelt

Kiosk, Trail Bay Mall, Sechelt

Weekly REPORT

May 20- 26, 2014

As professional Realtors, we know the importance of pricing and we encourage our sellers to rely on our advice. That said, pricing can be an inexact science. Some properties are just more difficult than others to evaluate. They can be located in an area of slower real estate activity where there is insufficient data. Or there can be unique features that make comparisons unworkable. There is a way forward, though. We recommend beginning marketing with an asking price we suspect may be high. We then carefully monitor the reaction of the market. If we get enquiries and especially some showings, we’re comfortable staying with the initial price, at least for a time. However, if we don’t get any activity, we ask for incremental price reductions until such time as enquiries and showings develop. This is a reasoned and responsible approach and usually leads to a sale.

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

 SALES THIS WEEK:  26 [SUNSHINE  COAST, ALL OFFICES]

DETACHED

ATTACHED

LAND

OTHER

19

4

3

0

 

PRICE RANGE

0 - 300K

$300K - $500K

$500K - $1M

$1M+

8

13

5

0

 

AREA

PENDER H.

HALFMOON B

SECHELT

ROBERTS C

GIBSONS

2

1

12

1

7

 

NEW LISTINGS THIS WEEK:  53                         PRICE REDUCTIONS

DETACHED

ATTACHED

LAND

 

        36

36

7

10

 

 

 

CURRENT LISTINGS:   1318

 

DETACHED

ATTACHED

LAND

LOW – HIGH

746

166

406

745   -   1390

 DET’D  SALES to LIST RATIO11%

                                                      11%     15%                    22%+

SALES/LIST

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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