Housing Prices Remain Stable
The Real Estate Board of Greater Vancouver just released its August Stats. Sales remain just below the 10 year average for the month of August. Housing prices over the year remain quite stabel down just 1.3% compared to August 2012. Since the beginning of 2013 prices have actually increased 2.3%. This trend is expected to contunue through the last quarter of the year.
Over the past few months I have seen more properties selling very close to and even over the asking price. Indicating that market prices and sales are slowly improving. Sellers should be reminded that accurately pricing your property is paramount for a quick sale at the highest price.
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