HomeLife Glenayre Realty Chilliwack Ltd.

HomeLife Glenayre Realty Chilliwack Ltd.

What’s local Real Estate going to do?

It's that time again Abbotsford and Mission, so buckle up and hang on. We are about to visit the future with our time travel report. Our crystal ball uses the chart below to predict what might happen. If you are hoping for prices to rise look for our RED indicator in the report below.

 

I have put this report together with the help of Homelife Glenayre Realty. The chart shows the amount of sales versus the amount of listings and we publish it every month. If you wish to subscribe contact me for more info or simply follow my month newsletter: The Insider.

 

The percentage of monthly sales against the total inventory of listings on the market is the best way we know of to track trends. It is important to note that one month's percentage does not indicate price changes, however, if over many months a trend develops, prices may change.

 

  • Above 23% indicates a Seller's Market generally.
  • Below 22% indicates a Stable or Buyer's Market generally.

 

I have displayed the Seller's Market in red in the chart below for every month that hits the 'price changing' indicator. Traditionally December, January and February are the lowest percentages and will most commonly indicate buyer's market.

This blog is written and supported with the help of: www.HomelifeAbbotsford.ca OR www.HomelifeMission.ca

300 - 3303 Immel St. Abbotsford BC V2X 5Y1

1 - 32540 Logan Ave Mission BC V2V 6G3

O 604 859 3141 or 604 826 2699 F  604 859 5226 or 604 826 2621

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Abbotsford Real Estate | Abbotsford Homes For Sale

Abbotsford real estate for sale, Abbotsford REALTORS®, and Abbotsford MLS® Listings. Access Abbotsford real estate listings, Abbotsford REALTORS®, new homes and Abbotsford foreclosures. We also have information on Abbotsford home selling, home buying and mortgages, movers and other realty services in Abbotsford and area.

Mission Real Estate | Mission Homes For Sale

Mission real estate for sale, Mission REALTORS®, and Mission MLS® Listings. Access Mission real estate listings, Mission REALTORS®, new homes and Mission foreclosures. We also have information on Mission home selling, home buying and mortgages, movers and other realty services in Mission and area.

Advantages for the Experienced Agent with HomeLife Glenayre Realty Co. Ltd.:

  • Experienced Management
  • Household name in local market
  • Number one office in technology services
  • Office of the future
  • First paperless in Canada
  • Latest web services including social networking

Cheers!

 

 

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One trend that is helping

One trend that is helping drive prices beyond the realm of affordability in places like New York and Los Angeles is an influx of foreign buyers of U.S. real estate. This has only increased of late, fueled in particular by buyers from China who are looking for safe places to store their wealth, away from the slowing economy of the homeland, where repressive financial policies make it difficult to earn decent returns on savings.
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