RE/MAX Oceanview Realty        5686 Cowrie St.

                                Kiosk, Trail Bay Mall Weekly REPORT  April 23 – April 29    

The Real Estate Board is lobbying politicians to lower the Property Transfer Tax. This tax, 1% of the 1st $200K, 2% thereafter, was introduced in 1987 and was intended to affect mainly higher priced properties. However, in 1987 the average price of a home on the Coast was under $100K. Since then prices have quadrupled. The bill, which used to be less than $1,000 now averages almost $6,000 - clearly an unfair burden to buyers and an impediment to the real estate market.

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 SALES THIS WEEK: 19    [SUNSHINE  COAST, ALL OFFICES]

PRICE RANGE

AREA

 NEW LISTINGS THIS WEEK:   37                    PRICE REDUCTIONS

CURRENT LISTINGS:  1256

DET’D  SALES to LIST  RATIO*:    =  8.5%