Royal LePage Coast Capital Realty
Wow, the market has heated up so much in the past few months - some people are getting burned!!
Check out the most recent stats by clicking on the links at the bottom of this page: http://www.homesbynaomi.com/newsletter.php The last link depicts the sales vs. listings, which is a great indicator of market conditions. If you have a look at this past April compared to April 2008, you will see that there were actually more sales in relation to listings in April 2009. This shows the balance shifting towards a Seller's market, which is an unexpected surprise in this economic climate.
My clients have been experiencing this hot market first hand with many multiple offer situations (I have personally been involved in 5 in the past month!)
Message to Buyers... (especially those purchasing homes under $500K and condos under $300K) ...things are moving quickly, prices are still down 5-10% from last year and are currently steady if not rising again, rates are fantastically low - consider this a GREAT opportunity to buy or move up in the market!
Any questions?? Want to chat? Please page me anytime at 250-384-7663 or email me at Info@HomesByNaomi.com More on my website at www.HomesByNaomi.com.