RE/MAX Oceanview Realty | 604-885-4313

 
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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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