Vancouver Real Estate - Big Hat Skinny Rabbit
Posted October 3rd, 2008 in Buying or Selling, Real Estate, Statistics
Tune Up Continues
La-LA-LA-LA-LA-LAAAAAAAAAAAAAAAAAAAAH!
You heard this tune last month. Back then we speculated that it might be a bear’s growl. September’s Vancouver Real Estate Average Prices have parted the bush to reveal that it’s actually the chubby girl singing forte.
Sales volumes continue their slide accompanied by a somber blues riff.
Dave said
Last month Dave Watt our Board President, said this was a leveling. This month, Dave says this is a counter to “unprecedented increases” and this new picture represents “housing prices beginning to realign”.
Looking at this picture does “realign” mean going down!
A Picture of Average Prices
Of Hats and Rabbits
This non traditional market is in step with ongoing international events. While optimistic Realtors® have pressed characteristic mantras suggesting the fall market would pull a rabbit out of the hat, fall has arrived without an upswing in sales volume.
Selling your home? You still can!
However, according to BCALink’s numbers, prepare yourself for an uncharacteristically big hat and a skinny rabbit as only 1,595 of a total 19,852 Residential properties sold in September.
Got a Vancouver Real Estate question? Always happy to answer it.
Call or send me an email
Twitter or Skype me at YatterMatters.
Larry
*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed. **Numbers provided may vary as they are dynamically posted by the REBGV.
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