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The real estate market in October to date looks great!

Blog by Patricia Houlihan - Personal Real Estate Corporation | October 15th, 2012

We just had our Vancouver realtors' market analysis meeting for this month and it is looking much better than it has for the past four or more months.

In the townhome and condo category, the market has shifted from a buyers' market to a balanced market (one that favours neither buyers nor sellers).  In the detached home sales: it is still a buyers' market for detached homes but that could shift like the attached market has.

A good sign is that there were at least 3 multiple offer situations in the West side last week-2 of which had 2 offers and one of which had 4 offers. Only one of those sales was for a price over the asking price but it is still a good sign that there are a lot of buyers out there wanting to buy.
If you would like to discuss how this market affects your particular situation, please let me know.