It may have been an epiphany or just a senior’s moment that stirred a faint memory. A chilled fall memory of overheard summer conversations about expired listings in which some Vancouver Realtors® advised their Vancouver home sellers that if they wanted to sell at their spring list price they should wait until the fall to re-list. The Realtor’s® bravado laden logic rested on the premise that the Vancouver Real Estate market will be stronger in the fall.
Passing observation notes that the tree leaves have changed color meaning that the fall season is upon us. Yet, according to Vancouver Real Estate Board Statistics, the Vancouver real estate market has not improved!
Total Active Listings
A snapshot of the total active listings in the Real Estate Board of Vancouver, the Fraser Valley Real Estate Board and the Chilliwack Real Estate Board saw active listing totals approaching 28,000 in July – (July 30/12 – 27,926). Throughout August that number subsided by several hundred to hover in the 27,200 range.
By the end of September the total was once again approaching the 28,000 range – 27,872 on September 29, 2012. As usual the first week of October saw Active listings drop below the 27,000 mark across all three boards but, it is on it’s way back up. In contrast a chilling thought noted in the REBGV’s statistics, is that sales have not improved during these periods!
Christmas is fast approaching and I wonder if those same Realtors® might justify the lack of Vancouver home buyers by giving comfort to their sellers saying that it will be better in the spring. The problem is that in the spring, B.C. will be in the frenzy of an election. What has possibly been left out of the equation is the affect of home buying indecisiveness often associated with provincial elections. It is all supposition but are we left to wonder if in March those same Realtors® will then be fluffing their Vancouver home seller’s pillows saying that it would be better to wait till next summer?