According to The British Columbia Real Estate Association (BCREA) “ the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC declined 26.5 per cent to $3.8 billion in March compared to the same month last year. A total of 6,882 MLS® residential unit sales were recorded over the same period, a decline of 20 per cent. The average MLS® residential price was $545,959 in March, 8.1 per cent lower than in March 2011.”
South Okanagan: After 5 Years of declining Real Estate prices, we may be seeing the first signs of stabilization. Summerland Penticton Okanagan Real Estate Agent and Home Star Realty Owner Raymond MAASKE , reported today that of the Single Family Sales this week (April 12 2012) in Penticton and Summerland “early signs of price stabilization are beginning to show”.
There seems to be a ‘rush’ in a few towns in the Okanagan but from the statistics, things don’t look so promising says MAASKE. “
Summary:
British Columbia Real Estate:
- Dollars Sales DOWN 26.5%
- Units Sold DOWN 20%
Greater Vancouver Real Estate Board:
- Sales DOWN 30%
- Listings DOWN 14%
- Now, listings up 16%
Note: March 2012 compared to March 2011
Raymond MAASKE,BBA, CCC, ACRE, ATM-B
Summerland & Penticton, Okanagan, BC
Website: http://www.HomeStarRealty.ca
E-mail:raymond@HomeStarRealty.ca
Phone:250.488.8764
"Oh by the way... I'm never too busy for your referrals"
No comments:
Post a Comment