March 2013 Housing Market Update - Real Estate Board of Greater Vancouver

Video is worth a thousand words! Check it out. Interesting facts: Sales to Active Listing Ratio is above 15% for the first time since May 2012. There is a better balanced between the number of listings and the number of sold properties. Prices are increasing on a modest rate after 7 months of decline. An upward pressure on price normally occcurs when the Sales to Active Listing Ratio reaches between 20-22%.

The HST is gone...which means new houses are offered at a discount (5% GST + 2% transitional tax vs 12%), the interest rates are low, and we are in a balanced's time to sell or buy! Call me for a detailed analysis on your local market to property price your home or buy your dream property at the right price!

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