ROB'S THOUGHTSWhat's Going on with the market?
Over the past two months, the media in town has been releasing stories about lower sales and longer days on the market, but things in some areas are quickly heating up again. Over the past couple of weeks, myself and my colleagues have been noticing a real pickup in the number of buyers that are out there looking to take advantage of more favourable buying conditions. Vancouver's Downtown market was flooded with new listings in May and June, but has recently seen a lot more activity. I took a number of buyers on tour and found many of the listings that we were interested in seeing, had accepted offers or had already sold.
On the Westside, we have seen a real uptick in single family listings and prices are dropping, but the condo market seems to have tightened up, especially in quality 2 bedrooms, or 1 bedroom units in good buildings. North Vancouver has seen many new single family listings, with much longer days on the market, but the buyers are still out in force, although they are less willing to pull the trigger. Due this hesitancy on the Shore by buyers, there are some great deals to be had. If you want more information or have any questions, please let me know.
If you want more clarification or have any questions, please give me a call. JUNE 08-JUNE 10 MARKET STATISTICS
 
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