Observations for May 2013

(June 02, 2013 )

RE: May 2013

I’m talking to alot of first-time buyers who are realizing the can get in the game. One client of mine is moving next door from their rental to their first condominium. The get to stay in the neighbourhood the love. Now they are owners. Smart.

Real Estate can be purchased as a “market investment” or simply because you need somewhere to live. Many of us have made a fair sum accidentally by buying “Vancouver” (Vancouver, North Vancouver & West Vancouver) real estate as a home.

My observations on Houses Sold May 2013
Even though there seems to be some good deals out there, the trend for May was more solds in higher price ranges than last month. Waterview houses volume is down.

Most Active Ranges
  • North Shore (Deep Cove to Furry Creek)... $900,000 to $ 1,000,000
  • North Vancouver... $900,000 to $ 1,000,000
  • West Vancouver... a 3 way tie:  $1.1 -1.2 million, $1.6-1.7 million, $1.7-1.8 million
Number of Sold Houses May 2013
  • North Shore Water View...37
  • West Vancouver + $3.5 million...10
Is now a good time to buy or sell? Well... do you want to move? Do you need to move? If the answer is yes, move.

In the long term, the more Vancouver real estate you own, the better off you will be.

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