Hello
Here is your June Real Estate Update. Read on below for:
· Noteworthy News Articles
· June statistics
· Community Events
· Stay Connected
2011 Second Quarter Housing Forecast (BCREA)
Vancouver, BC – June 30, 2011.
The British Columbia Real Estate Association (BCREA) released its 2011 Second Quarter Housing Forecast today. BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 5 per cent from 74,640 units in 2010 to 78,200 units this year, before increasing a further 3.1 per cent to 80,700 units in 2012.
“Home sales will post some modest gains over the next two years,” said Cameron Muir, BCREA Chief Economist. “However, positive housing fundamentals like job growth, rising wages and an expanding population base will be somewhat offset by higher borrowing costs over the next eighteen months.”
“Following a decade where unit sales broke all records, consumer demand over the next few years will be relatively moderate,” added Muir. The ten-year BC MLS® residential sales average is 87,000 units. A record 106,300 MLS® residential sales were recorded in 2005.
read the full report - click here...
BC Home Sales Steady in June
Vancouver, BC – July 14, 2011. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 2.4 per cent to 7,904 units in June compared to the same month last year. The average MLS® residential price climbed 14.4 per cent to $571,837 last month compared to June 2010.
read more...
Vancouver house prices to drop almost 15 per cent: TD Economics
Vancouver, BC, - July 13, 2011. Another bank has weighed in with its dire predictions of Vancouver's housing market. TD Economics believes house prices in Vancouver will drop almost 15 per cent by 2013 "by far the worst fate of any urban centre."
All urban centres should see a drop, according to TD Economics, but most will be closer to between six and seven per cent, a softer landing.
read more, click here
May Statistics
Check out the following links for more info on the sales activity in the valley... lots of fantastic information!
These stats have been based on MLS KREB data:
Actual numbers by area and property type:
· http://www.rockieswest.info/Newsletter/SalesStats.pdf
Comparative Analysis with % change from previous years:
· http://www.rockieswest.info/Newsletter/SalesComparative.pdf
Graphic interpretation of the numbers with the trend:
· http://www.rockieswest.info/Newsletter/SalesGraphs.pdf
*This one is great! Really portrays our market activity!
This link takes you a summary of all units sold in our valley in 2010:
· http://www.rockieswest.info/Newsletter/SalesStats2010.pdf
Community Events
July 20 | Strands, 6:30, Jenny Allen and Leslie Alexander |
July 20, 21 | Pynelogs, PYNESTOCK 7:30 – a night of local musical talent |
July 21 | Bud’s Bar and Lounge, 9pm, Mason Rack Band |
Wed | Radium Hot Springs, Evenings, Music on Main |
July 22 | Bull Riding in the Rockies, 5, 7:15, Invermere |
July 23 | Valley Appreciation Day, 9-noon, Invermere |
July 23 | Invermere Regatta, 2 – 6, Kinsmen Beach |
July 31 | Art Walk Tour of the Arts, 10-4. This year the art show will give residents and guests to the valley a chance to take part in a self-guided tour showcasing Columbia Valley artists in unique settings. The tour raises funds to support the programs of the Columbia Valley Arts Council who host the event. |
Stay Connected
In market conditions like these, it is important to stay in tune with what is going on with our Blog, Facebook Fan Page and Twitter, its easy!
Blog: http://www.charlottej.com/Our_Blog
Facebook: www.facebook.com/Vivian-Jablanczy-Invermere-Realtor
Twitter: www.twitter.com/@vivianjablanczy