tag:blogger.com,1999:blog-4251672323919283767.post8202268122687475654..comments2024-03-27T23:03:29.351-07:00Comments on Vancouver RE and then some: Some Honey for the bearsFish10http://www.blogger.com/profile/09770438465068216630noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4251672323919283767.post-74409305171968989982010-07-06T16:52:22.100-07:002010-07-06T16:52:22.100-07:00I am not sure we wont see prices at 2008 levels. I...I am not sure we wont see prices at 2008 levels. In fact i think we will at some stage, just not as fats and furiously as 2008 unless we get another financial armageddon.<br /><br />To correct you though. This is lower sales and lower inventory and stable prices. The inventory went down because of listings being taken off the market and less coming on rather than a jump in sales.<br /><br />Agent Will's graphs demonstrate this well.Fish10https://www.blogger.com/profile/09770438465068216630noreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-16156431041692011522010-07-06T09:06:40.994-07:002010-07-06T09:06:40.994-07:00I must agree that we wont see price changes at the...I must agree that we wont see price changes at the 2008 level. MOI is not increasing as fast as 2008. This is a combination of higher sales and lower inventory.<br /><br />Still, it will be interesting to see what happens when the media stories of a slow RE market really get out. Right now I think most people still think that selling a house is as easy as list, open house, offers! (1,2,3)<br /><br />I did talk to a family friend trying to sell a place in north Van who pulled it off the market. Interest was there but there werent any offers. She said once it sits on the market for a few months people start to think something is wrong with it. <br /><br />I was tempted to say there was, it's overpriced, but kept my mouth shut.daversnoreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-36534172484097171462010-07-05T20:32:07.893-07:002010-07-05T20:32:07.893-07:00In the US, things stalled for a couple years. Not ...In the US, things stalled for a couple years. Not much happening. Not many sales, but no dramatic price decreases. Then, it seemed like it crashed overnight. I wonder if that will happen here.Anonymousnoreply@blogger.com