Market up-date

Posted by Ken Eddy on Friday, June 3rd, 2016 at 10:26am.

In the trenches...

Total residential inventories increased across each district in May. However, detached inventory levels are trending down in the city centre, west and east areas of the city. I am currently working with buyers in all three of those districts and I would say it feels that way while we are searching. There are stagnant properties that have been on and off the market for the last 12 to 18 months but the good new inventory doesn't seem to last too long before selling.The decline in year to date detached sales was caused by slower sales in the North East, North, South and South East areas of the city. Apartment sales continue to be very slow and year to date are down 20% compared to 2015. The type of market conditions being experienced continues to depend on what type of property it is and what price range it is in. As always, if you are curious about what is happening with the market in general, or in your specific neighbourhood, please call or email us anytime. We'd love to chat with you about it.

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