Beware National Housing News

Posted on Monday, November 26th, 2012 at 1:29am.

News reporters may be trying to bring you accurate news about the housing market, but unless they're reporting facts and figures for real estate sales in Vancouver what they're saying could be completely inaccurate regarding our market.

The real estate market is always local, so while it may flow along following national trends, it may not. It all depends upon the jobs and prosperity (or lack of it) in any given community.

Two cities just a handful of miles apart could be experiencing completely different real estate markets.

So how can you know the truth about the market here in Vancouver?

Easily – just ask me.

I compile data based on recent sales and post a current market report every month. The report includes selling prices, days on the market, and the difference between today's prices and last month's or last year's. It shows how many homes are on the market and how many are sold.

In short, it's a snapshot of the market as it is today, right here in Vancouver.

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