RE/MAX Oceanview Realty    5686 Cowrie St.

 Kiosk, Trail Bay Mall

Weekly REPORT  Dec. 10 - Dec. 16, 2013   

It is fairly common for some of our sellers to take their homes off the market in December and January. While it is true there are fewer transactions, it is also true that there are fewer homes on the market competing for buyers. And less competition can be good for sellers. Remember, sales happen all year long – even over the holidays. Keeping your home on the market at least gives you a chance to sell!

ACCESS TO LISTINGS CLICK ON     http://www.remaxoceanview.com

 SALES THIS WEEK:  8  [SUNSHINE  COAST, ALL OFFICES]

PRICE RANGE

AREA

 NEW LISTINGS THIS WEEK: 12                 PRICE REDUCTIONS

CURRENT LISTINGS:  1058

DET’D  SALES to LIST  RATIO*:    =  5%  [ADADDD

                   0%                        15%                22%

*The Sales/Listings Ratio is a guide to market conditions. 4 weeks det’d sales/current det’d inventory. A value below 15 favours buyers. 15 – 22 reflects a balanced market, and over 22 favours sellers.

RE/MAX Oceanview Realty    5686 Cowrie St.

 Kiosk, Trail Bay Mall

Weekly REPORT  Dec. 3 - Dec. 9, 2013   

The November statistics are in and with the year-end not far off, we can make a few observations on the market for 2013. First, prices have continued to moderate on the Coast, declining 4% over the past year. This represents a decrease of 1/3% per month, which is which is an improvement on the 1/2% per month we saw earlier in the year.  The number of homes sold has also declined 6.3% from 2012. However, this, too, is better than the 15% we saw last Spring. Even though prices and numbers of sales remain in the negative, the rate of decline appears to be trending in the right direction.

ACCESS TO LISTINGS CLICK ON     http://www.remaxoceanview.com

 SALES THIS WEEK:  9  [SUNSHINE  COAST, ALL OFFICES]

PRICE RANGE

AREA

 NEW LISTINGS THIS WEEK: 30                 PRICE REDUCTIONS

CURRENT LISTINGS:  1089

DET’D  SALES to LIST  RATIO*:    =  5%  [ADADDD

                   0%                        15%                22%

*The Sales/Listings Ratio is a guide to market conditions. 4 weeks det’d sales/current det’d inventory. A value below 15 favours buyers. 15 – 22 reflects a balanced market, and over 22 favours sellers.

RE/MAX Oceanview Realty    5686 Cowrie St.

Kiosk, Trail Bay Mall

Weekly REPORT  Nov. 26 - Dec. 2, 2013   

Current mortgage rates remain at historically low levels - around 3.5% for a 1 – 2 year term. Real estate prices have also moderated. Buyers, especially first time buyers and investors, find themselves in a great position, as mortgage payments for entry level homes are close to monthly rent. Statistics tell us that the 30 year average for mortgage rates is about 8%. Rates will rebound at some point and this unusual coincidence of low rates and low prices will end. When you consider that there is currently also a good selection of listings you can see why we think it’s a great time to buy.

ACCESS TO LISTINGS CLICK ON     http://www.remaxoceanview.com

 SALES THIS WEEK:  12  [SUNSHINE  COAST, ALL OFFICES]

PRICE RANGE

AREA

 NEW LISTINGS THIS WEEK: 35                 PRICE REDUCTIONS

CURRENT LISTINGS:  1068

DET’D  SALES to LIST  RATIO*:    =  4.6%  [ADADDD

                   0%                        15%                22%

*The Sales/Listings Ratio is a guide to market conditions. 4 weeks det’d sales/current det’d inventory. A value below 15 favours buyers. 15 – 22 reflects a balanced market, and over 22 favours sellers.