Buyers Best Bets May 2019

Have you been watching the market wondering when the best time to buy is?

Now is a great time as any. If I were able to time the market perfectly I would be sitting on a beach on a private island sipping mojitos all day.

Where is the best place to buy? We look at the sold numbers and what’s selling and what is not selling. It is not as easy as looking at the neighbour next door and what he sold for, we need to look at trends:

How many homes were listed last month?

How many homes were added to the MLS last month?

Out of those active how many sold?

Once the sales ration reaches 11% or less we call that a BUYERS market. There are MORE properties listed than are selling. THAT is where we start to look.

Here are my top pics of areas to keep an eye out for:

DETACHED HOMES

GREATER VANCOUVER

New Westminster – The Heights, Queensborough

Coquitlam – Burke Mountain, Harbour Chines, New Horizons

Port Coquitlam  – Glenwood, Mary Hill

Port Moody – Heritage Mountain

Maple Ridge – Thornhill, West Central 

FRASER VALLEY

Surrey – Panorama Ridge, Sullivan Station

South Surrey White Rock – Elgin Chantrell, Grandview, Morgan Creek, White Rock

North Delta – Annieville, Nordel

Langley – Campbell Valley, Salmon River

Mission – Lake Errock

CONDOS & TOWNHOMES

Burnaby – Burnaby Lake, Forest hills, Oaklands, The Crest

Coquitlam – Coquitlam West, New Horizons

North Delta – Annieville