Sophie Mardirossian

Cell: 604-862-3317 |

And just like that, we're already five months into the year! Time sure flies, doesn't it?

As usual, here's the latest on how the market is doing within some areas covered by the Real Estate Board of Greater Vancouver (REBGV)!

For the general Metro Vancouver area however, it appears that the downward trend that we have been seeing in the previous months continues to appear. According to the REBGV's monthly report, we are seeing that the “housing market saw fewer home buyers and more home sellers...

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Although Vancouver condo sales continued to drop in March, almost half of those sales were sold above asking price. Vancouver realtor Steve Saretsky says this confirms that bidding wars are still prevalent in the market, and will likely continue for some time.

 

“We have fewer buyers but those fewer buyers are basically just competing over no supply, so you’re still getting multiple offers,” Saretsky tells BuzzBuzzNews.

 

Last month, a total of 506 condos sold in the city,...

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