Sorry but with the month of July we endured - the blogs took a bit of a break. A good sign for those in the market on both sides. Sellers who were realistic with pricing were getting offers within weeks. Buyers have an excellent selection of inventory - and all this without the frenzied market of days gone by. Solid - realistic are some of the terms I could use to describe the summer season. Interest rates threatened a bump - which shook the tree a bit.
Latest on that front is CMHC is handing a bit more of the "risk" to the banks in the future. What does this mean to interest rates but more importantly to first time buyers trying to qualify for lending. As we all know - banks and the word risk DO NOT go hand in hand.
We just sold a couple of properties this month. 2201 - 1228 W Hastings sold last week and our listing at the Capers building at Yew and 4th sold within days of hitting the market. Two great properties.
Sorry but thats it for now. Will have some numbers shortly reflecting the surge that July produced. Our seawall office has now generated 5 major purchases in the area - from walk in traffic. If your contemplating listing a home in the area - take advantage of the tourists and local traffic that passes our door - and enters - on a daily basis. It is so satisfying to hear the comments on Vancouver by people from all over the world.
Stop in for a chat - straight talk and straight answers. Talk soon.