RE/MAX Oceanview Realty | 604-885-4313

WEEKLY REPORT, NOV 26 - DEC 2, 2013

RE/MAX Oceanview Realty    5686 Cowrie St.

Kiosk, Trail Bay Mall

Weekly REPORT  Nov. 26 - Dec. 2, 2013   

Current mortgage rates remain at historically low levels - around 3.5% for a 1 – 2 year term. Real estate prices have also moderated. Buyers, especially first time buyers and investors, find themselves in a great position, as mortgage payments for entry level homes are close to monthly rent. Statistics tell us that the 30 year average for mortgage rates is about 8%. Rates will rebound at some point and this unusual coincidence of low rates and low prices will end. When you consider that there is currently also a good selection of listings you can see why we think it’s a great time to buy.

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

 SALES THIS WEEK:  12  [SUNSHINE  COAST, ALL OFFICES]

DETACHED

ATTACHED

LAND

OTHER

8

2

1

1

PRICE RANGE

0 - 300K

$300K - $500K

$500K - $1M

$1M+

7

3

1

1

AREA

PENDER H.

HALFMOON B

SECHELT

ROBERTS C

GIBSONS

0

0

6

4

2

 NEW LISTINGS THIS WEEK: 35                 PRICE REDUCTIONS

DETACHED

ATTACHED

LAND

3636

        24

41

3

7

 

 

CURRENT LISTINGS:  1068

DETACHED

ATTACHED

LAND

LOW – HIGH

562

157

348

745   -   1390

 

DET’D  SALES to LIST  RATIO*:    =  4.6%  [ADADDD

                   0%                        15%                22%

SALES /

LISTINGS

RATIO

 BUYERS

MARKET

 

BALANCED

       SELLERS 

        MARKET

 

4 WEEKS

   (26)

     4.6

 

         

*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.

 

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.