Our discussion last month of a return to a more balanced market led to a realization that one person’s idea of balance can very easily differ from another’s. Just as individual visions of the future, our current position in a cycle and, yes, even one’s hope for the lot of mankind may differ.
That last statement may seem overly dramatic, but it depends, I guess, on one’s level of comfort (no, I don’t mean in the sense of luxury) with their individual current status and belief in their particular future. Balance comes, not only from the belief of a dominant player or team of players (buyers or sellers) but also a rational belief in the correction of cycles. This pendulum-like motion is definitely a necessary and healthy thing.
Enough philosophical musing! Summertime is fast becoming a reality, a time when we traditionally see a lessening in the number of residential sale transactions. My personal belief is that we’ll see a steady level of sales and that, when the “pent-up buyer” returns from their break come September, volumes of sales will start (continue?) to rise. Reasonable …or just another of my delusions?
The ‘up-trend’ mentioned in our headline, which we are sharing with the aggregated numbers for
Vancouver, is of a gradual nature price-wise and, as most market watchers would agree, has a greater stabling influence (likely more sustainable) on a market than does rapid growth.
‘SnapStats’ (what price ranges are selling and which are not) is being very well received. I’m now forwarding the past 12 month trend for not only N and W/Van but ALL available metro neighbourhoods, as many w requested. If any locations are not of interest, please ignore those areas.
So, visit my website to see and “hear” the new developments. I continue my commitment to keep you… www.OnTopOfTheMarket.ca – the “go to” site for N/S R/Estate analysis and jump-off point for FULL market information.