RE/MAX Oceanview Realty    5686 Cowrie St.

 Kiosk, Trail Bay Mall

Weekly REPORT  Dec. 3 - Dec. 9, 2013   

The November statistics are in and with the year-end not far off, we can make a few observations on the market for 2013. First, prices have continued to moderate on the Coast, declining 4% over the past year. This represents a decrease of 1/3% per month, which is which is an improvement on the 1/2% per month we saw earlier in the year.  The number of homes sold has also declined 6.3% from 2012. However, this, too, is better than the 15% we saw last Spring. Even though prices and numbers of sales remain in the negative, the rate of decline appears to be trending in the right direction.

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

 SALES THIS WEEK:  9  [SUNSHINE  COAST, ALL OFFICES]

PRICE RANGE

AREA

 NEW LISTINGS THIS WEEK: 30                 PRICE REDUCTIONS

CURRENT LISTINGS:  1089

DET’D  SALES to LIST  RATIO*:    =  5%  [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.