Hello Friend

Listings, listings, listings! A lot of listings came onto the market in September, with many more so far this month. Many sellers are eager and motivated to sell their homes.

This presents great opportunity for buyers. There are plenty of options to choose from and buyers have more time to make an informed decision.

For sellers, the key is to be patient in the current market. The right price, having your home in top condition and using an experienced real estate advisor with a global reach will be key to selling your home.

Looking at the newest numbers from REBGV, sales are down by 44% and the overall market has moved into a full Buyer's Market.

• MOI (Months of Inventory) for Sept 2018 was 8.2 (Buyer's Market) vs. Sept 2017 was 3.3 (Seller's Market)

Micro-markets:

• Detached: 12.8 MOI
• Townhouses: 7.1 MOI
• Condos: 5.7 MOI

If you would like more information about market conditions in your neighbourhood, or have any other real estate related questions, please contact me. I would be happy to meet with you to see how I can help you.