This summer was off to a great start! July is typically a fairly slow month for new listings and sales, but this past July was very active. As per the Real Estate Board, July was the second highest selling month this year. Personally, all of my listings sold this past month – no small feat in what has been a slower market this year – and I’ve had a few Buyers find some great properties.
July is typically slow because the weather draws people to the beach and mountains instead of realtor.ca, weddings take preference over weekend Open Houses and everyone seems to go away on vacation. I think this past July has been busy thanks to low interest rates, Buyers understanding that it’s a good opportunity to take advantage of low prices and Sellers adjusting to the new market. This Fall should remain fairly busy though I don’t anticipate any big increases in price.
If you’re looking to find a good “deal”, you need to be prepared. Start getting your mortgage pre-approval underway (talk to me for a mortgage broker referral) and start learning about the market (talk to about that too). If you’re looking to sell your property when you’re competing with a number of other listings, you need to look good and be priced right. Your realtor needs to ensure the property is marketed correctly too.
Here are some basic stats for Vancouver East and West. If you’re interested in learning about specific neighbourhoods or other cities, contact me.
East Vancouver Real Estate Stats for July 2019
Sales to Active Ratio for East Van
Vancouver West Real Estate Stats for July 2019
Sales to Active Ratio for Van West
Though there are certain aspects of the Vancouver Real Estate Market that affect every neighbourhood (sales are down overall, interest rates are the best they’ve been in awhile), if you want the specifics of how your price range and neighbourhood are reacting to the current market, let me know and I’ll dive into the stats for you: kristi@realestatevancity.ca! In the meantime, enjoy the sun!
– Kristi
Kristi Holz
778-387-7371
kristi@realestatevancity.ca