What I have here is a chart which shows how many months of inventory we have had over the past two years. It shows how the inventory changes from season to season. For more information please call.
Posted by Scott Davidson
on May 18, 2009
Existing MLS® home sales activity increased for the second month in a row in March 2009, according to statistics released by The Canadian Real Estate Association (CREA). The number of new listings also continued trending lower in March, which firmed up the balance of supply to demand.
A seasonally adjusted total of 31,135 homes traded hands nationally via the Multiple Listing Service® (MLS®) ...
Posted by Scott Davidson
on May 14, 2009
As of April 1, 2009 all home inspectors in BC must be licenced by the Provincial Government. The penalty is a maximum $5000.00 for conducting a home inspection without a licence. According to the Canadian Association of Home and Property Inspectors BC, "It is important that REALTORS and their clients ask to view the Home Inspector's wallet sized licence, issued by the BPCPA, ...
Posted by Michael Hughes
on May 14, 2009
April brings more sales action into the North Okanagan Real Estate Market - with increased action across the property spectrum. Here is our monthly CLUE as to what happened:
Residential
New Listings
198
Listings Sold
71
Median Price
$345,000
Range
$145,000 -$1,225,000
Days to Sell
94
Range ...
Posted by Brenda Ellis
on May 14, 2009
I'm not sure that the saying "A picture is worth a thousand words" was intended to be applied to charts or graphs - or how it relates to the concept of real estate blogging - but here goes.
In looking at the numbers recently doing the April Statistics - with the wise words of the world according to Bill still fresh in my ears.. I decided to take some time and look back to see where we have come from ...
Posted by Brenda Ellis
on May 14, 2009
Most people will not believe that. However, most people did not believe me when I said that the market is starting a correction in the last quarter of 2006 either.
The Real Estate Market is actually very predictable.
There are certain specific statistics that fluctuate with the market. Most of them change long before prices do.
First, we have the inventory. Even though I am an investment ...
Posted by Bill Hubbard
on April 30, 2009