The Real Estate Market in Vancouver in general was showing activity above historical norms for January, even amidst less inventory. The bottom line? There are Buyers out there and they’re eager to find a great place. The Kitsilano market was varied this month – condos showed a 20% sales to active ratio, townhouses and half duplexes were at 28% while houses showed a low 8% sales to active ratio. We didn’t see the number of new listings we hoped going into the month so if you’re looking to sell your home – now is a great time given the fewer listings available.
Just given the number of clients we have who are still looking to buy, along with the number of Sellers who’ve expressed interest in selling, along with our conversations with other good agents and mortgage brokers, we expect this year to be active. Depreciation Reports are a big factor in Buyer’s purchasing decisions, and the continued low interest rates are helpful as well.
For more information on each market, take a look at our updates:
In other news, we are happy to say that we had a successful year in 2014, with lots of happy clients. Thanks to hard work, we sold 152 homes sold last year, which makes us:
- Top 1% of Realtors in Greater Vancouver
- #1 Selling Team at RE/MAX Crest Westside
- #6 Selling Real Estate Team in Greater Vancouver
- Top 50 Team – RE/MAX Canada
- Top 50 Team – RealTrends Canada
As always, contact the LiveKitsilano team if you have any questions. Real Estate is a big decision, so contact us to be prepared to find the right home, for the right price. We’ll ensure you reach your real estate goals in 2015!