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Recent Posts
- Homebuyers and sellers less active in July
- Richmond Housing Report, June 2010
- Activity steady to start the summer season
- Richmond housing market cooling off
- Richmond Housing Report - May, 2010
- Selling a tenanted condo
- Home prices on the way down?
- May market offers buyers greater selection
- Richmond Housing Report - April, 2010
- Home buyer and seller activity increases in busy spring market
9-6871 Francis Road
9-6871 Francis Road - Sold
Click here for info on this townhouse complex
Richmond housing market cooling off
Signs of Richmond housing market cooling
The increase in the list/sale ratio (months of inventory) is steady, but not alarming. The ratio climbed from 2.9 months inventory in January to 4.39 months of supply last month. Home decline in home prices are likely to be started by weak sellers are under pressure to sell. Until the list/sale ratio cross over to 6 months inventory, home prices may be maintained at current level. Currently, some sellers are adjusting to the slower market by reducing their selling prices. The selling pressure is not as great and urgent as seen in the spring of 2008. Read the story »
Homebuyers and sellers less active in July
VANCOUVER, B.C. – August 4, 2010, Read the full report here.
Home sales activity in Greater Vancouver was quieter last month than most Julys over the past decade, with residential sales, prices, and the number of homes listed for sale trending downward in recent months.
The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totaled 2,255 in July 2010. This represents a 45.2 per cent decline from the 4,114 sales in July 2009, the highest selling July ever recorded, and a 24.1 per cent decline compared to June 2010. Read the story »
