Ben Truscott Real Estate Report - April 2021

Ben Truscott Real Estate Report - April 2021
We might be starting to see the signs of the market slowing down to catch it's breath after many months of record-setting prices and activity.

April has brought more listings, and less sales compared to March. Prices haven't eased up much yet, but we are seeing less multiple offer situations and less homes selling for over asking price, so it's possible prices will soften if that keeps up.

I suspect detached homes will start to soften but townhomes remain very competitive, and I suspect condos will be the next hot product, two-to-6 months ago condo prices were remaining steady with a 5-10% year-over-year increase, but in these last two months we've seen that shoot up to 20%

If you've been thinking about buying a condo, it's possible that now might be the best shot you get before prices go up!

Give me a call at 604-798-3960 with any questions.


No comments

Post Your Comment:

Your email will not be published
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.