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]
NEW LISTINGS THIS WEEK: 35 PRICE REDUCTIONS
CURRENT LISTINGS: 1068
DET’D SALES to LIST RATIO*: = 4.6% [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.