Market Report

How's the market?

This is the most common question Real Estate Professionals are asked and the answer is - "UP, Down and Sideways". The reality is that generalized statistics are at the very best an indication of a price or volume trend. Unfortunately the majority of the time they are extremely misleading depending on what they are compared to. For example, if this years prices aren't looking great compared to last year then compare them to the year before or the 10 year average. If you have extreme price acceleration in one part of the city, average those increases over the whole city that way areas that might be stagnant won't look bad and the price inflation in the hot zone won't seem as exagerated.

The point is that the statistics that you read in the newspaper are of little to no value for someone who really wants to know what is going on in an area that they are wishing to buy or sell in. The value and trend in any area is quite unique. In Vancouver you can see huge price differences from one side of the street to another because one is West and the other is East or it is in or out of a popular school boundary etc.. In other areas proxcimity to freeways, hydro lines, commercial property, schools, parks and recreation can greatly affect prices and saleability.

For an accurate market report just fill in the form below. You do not need to put in your exact address, just put in the closest cross streets, city and property type. (Greater Vancouver and Fraser Valley only)

For a more accurate evaluation please call for a free, no obligation consultation. Contact Us