Overall GVRD sales are rending 48% this same time last year. Both asking and selling prices continue to fall and today's buyer is getting "more for less" compared to peak pricing levels. As for inventory levels...who cares?
Numbers are behind. Recent activity which you cannot see in the "numbers" has increased. Multiple offers and over-asking prices are not uncommon. Low inventory and easing interest rates are all driving factors for this increased activity. Of course, the numbers are down from last year but the market has shown signs of increasing strength since the middle of January. "Inventory" is one of the most driving factors in any market, not just Real Estate. Supply and demand my friend.
@@ownre.ollienietzel Any increased sales activity is due to falling prices and, price drops are what housing corrections are all about. As for inventory, it's a non-issue. Using realtor mathematics/logic, zero inventory = prices to infinity. It doesn't work that way and...it never has.
@@billferguson1368 Increased activity is due to low inventory and increased rates easing. Prices will not increase to "infinity," I did not say that. Market corrections are common. Thy are part of the Real Estate cycle.
Nice neighborhood where you did the video .
Where it is ?
Como Lake in Coquitlam!
Oct 2023 ? Is time traveling a real thing now ?
"Stop listening to numbers and start listening to people..." did I hear it correctly? LOL
Numbers are dated. The information I'm providing will be available in next month's numbers.
Overall GVRD sales are rending 48% this same time last year. Both asking and selling prices continue to fall and today's buyer is getting "more for less" compared to peak pricing levels. As for inventory levels...who cares?
Numbers are behind. Recent activity which you cannot see in the "numbers" has increased. Multiple offers and over-asking prices are not uncommon. Low inventory and easing interest rates are all driving factors for this increased activity. Of course, the numbers are down from last year but the market has shown signs of increasing strength since the middle of January. "Inventory" is one of the most driving factors in any market, not just Real Estate. Supply and demand my friend.
@@ownre.ollienietzel Any increased sales activity is due to falling prices and, price drops are what housing corrections are all about. As for inventory, it's a non-issue. Using realtor mathematics/logic, zero inventory = prices to infinity. It doesn't work that way and...it never has.
Market will be flooded with inventory as soon as the shinny investors (aka speculators) can no longer hold to their airbnb rental properties 😂
@@billferguson1368 Increased activity is due to low inventory and increased rates easing. Prices will not increase to "infinity," I did not say that. Market corrections are common. Thy are part of the Real Estate cycle.
@@gabriels538 Spring is just around the corner and historically has the highest amount of inventory.
Yeah and the homeless are soon going to be in the market. So buyer beware.
Oh the real estate business is responsible for homelessness!