Best time to buy is when the market is quiet – Summer!!!

So you may have heard that this June has been the slowest it has been since 2000!

What does that mean for you?

If you are a Seller, it means pricing your home sharp, at market value so  that you are not CHASING the market as it goes down. For Buyers, it means you have A LOT of inventory to go through.

Every client has different needs, so it is important to sit down and have a discussion as to what your plan is. From there, we can figure out what works best for you and your family.

Some areas to keep an eye out for

DETACHED PROPERTIES

* Sales to Active Ratio – #units sold/# units for sale in an area

NEW WESTMINSTER DETACHED MARKET

Benchmark Prices in June 2018 were at $1,238,000

Benchmark Prices in June 2019 are $1,002,500

*** Queens Park and Sapperton are in a buyers market with <12% sales to active ratio*

 

PORT COQUITLAM DETACHED MARKET

Benchmark Prices in June 2018 were at $1,001,250

Benchmark Prices in June 2019 are $917,000

***Mary Hill is in a buyers market

 

LANGLEY DETACHED MARKET

Benchmark Prices in June 2018 were at $1,060,000

Benchmark Prices in June 2019 are $950,000

***Campbell Valley, Langley City and For Langley are in a buyers market.

 

 

 

For details on any other area, please contact me and I can send you specifics on your neighbourhood