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Tag Archives: Vancouver Real Estate Prices
Vancouver Real Estate Overpriced?
Is Vancouver Real Estate Overpriced or Underpriced?
From time to time I am asked if Vancouver Real Estate is overpriced. This is a very difficult question to answer and here’s why: Continue reading
Posted in: For Buyers, For Sellers
Tags: Comparing Vancouver Real Estate, Opinions on Vancouver Real Estate, Real Estate Price Comparisons, vancouver real estate bubble, Vancouver Real Estate Overpriced, Vancouver Real Estate Prices, Vancouver Real Estate Underpriced, Why are Vancouver Real Estate Prices So High
1 Comment
How a Realtor Calculates List Price – Comparative Market Analysis for Sellers!
What is a Comparative Market Analysis?
It is the process Realtors use to calculate the market value of properties they market.
How do I do a Comparative Market Analysis?
1 ) Visit the property!
The first thing I do when requested to do a Comparative Market Analysis is to physically visit the property. Visiting the property is key! In my opinion, it is impossible to get an accurate idea of market value on a property without seeing the property. Continue reading
Posted in: For Sellers, How To Sell A Vancouver Condo
Tags: are real estate prices falling, Are Vancouver Condos Over Priced, Average Apartment Price in Vancouver, Average Condo Price in Vancouver, Average House Price in Vancouver, bc real estate overpriced, CMA, CMA for Property, CMA for Real Estate, CMA for Sellers, CMA for Vancouver Real Estate, Comparable Sales, comparative market analysis, Comparative Market Analysis and Vancouver Real Estate, Comparative Market Analysis for Real Estate, Comparative Market Analysis in Vancouver, Condo Prices in Yaletown, Current Analysis of the Competitive Market, Days on Market, Expired Listings, hire a new agent, Hiring a new Realtor, house prices after olympics, House Prices in Vancouver, housing prices after winter olympics, How a Realtor Calculates List Price, How a Realtor Calculates List Price - Comparative Market Analysis for Sellers!, How are List Prices Calculated for Real Estate, How are Properties Valued, How are Vancouver House Prices Calculated, How are Vancouver Housing Prices Calculated, How do I find out the list price on my property, How do I find out the Market Value of my Property, How do Realtors Calculate List Price, How Do Realtors Figure Out List Price, How Do Realtors Know What Property is Worth, How do we calculate List Prices, How is Market Value Calculated for Properties, How is Market Value Calculated for Property, How is Market Value of Property Calculated, how is the list price of a property calculated, How List Prices are Calculated, How list prices for real estate is calculated, How to Calculate Condo Prices, How to Calculate House Prices, How to Calculate Housing Prices, How to Calculate Real Estate Prices, Market Analysis on Properties, Market Analysis on Property, MLS, MLS data, MLS system, Property Analysis in Downtown Vancouver, Property Analysis in Vancouver, Property Evaluation, Property Market Analysis, Property Market Analysis in Downtown Vancouver, Property Market Analysis in Vancouver, Real Estate Prices in Vancouver, Vancouver CMA, vancouver condo presale overpriced based on, Vancouver Condo Price Data, Vancouver Condo Prices, Vancouver Home Prices, Vancouver House Price, Vancouver House Price Data, Vancouver House Prices, vancouver housing prices 2010, Vancouver Real Estate is Over Priced, Vancouver Real Estate Price, Vancouver Real Estate Prices, Vancouver Real Estate Specialist, Vancouver Realestate Prices, What are House Prices Based on, What House Prices are Based on, What is a Comparative Market Analysis
2 Comments
When will Vancouver Real Estate Prices Hit Bottom? Beware of Those Telling you its Happening as its Happening!
Hi All,
Pretty much everyday someone asks me when prices in the Vancouver real estate market will hit bottom and everyday I say I don’t know.
I say I don’t know, because I don’t have a crystal ball and can’t see the future and as I licensed Realtor I can be liable if people take a hit relying on my predictions.
There are people out there who are saying they KNOW when the prices will hit bottom and they can tell when prices are bottoming as they are hitting bottom. Don’t trust these people!
What happens if prices stabilise and a bottom is called and then prices fall again? Nobody can accurately predict a market bottom and don’t trust those who say they can.
The market bottom can only accurately ascertained with 100% certainty AFTER it has been hit.
In making your decisions about buying or selling real estate and timing your transactions, do your own research. Read widely and speak to a variety of people with different viewpoints. Don’t rely on those who have simple answers that are too easy.
If something is too good to be true, more than likely it isn’t true.
Please leave a comment, I’d love to hear your thoughts!
Posted in: For Buyers, For Sellers
Tags: 2010 and after., bc, canada, central bank, Downtown Vancouver, Downtown Vancouver Real Estate and Economics, economics, falling real estate prices, how much will the vancouver real estate market fall, is the vancouver real estate market still going to fall, learned predictions for vancouver home prices in 2009, negoatiation tactics., predicting the future, real estate economics canada, real estate market timing, real estate predictions, real estate pricing strategy, vancouver real estate, vancouver real estate bubble, Vancouver real estate predictions, vancouver real estate predictions 2009, Vancouver Real Estate Prices, when will prices in Vancouver stop falling, when will the real estate market hit bottom, when will the Vancouver market hit bottom, will vancouver real estate go down
23 Comments
When Will The Vancouver Real Estate Market Hit Bottom? Price Momentum in Real Estate
Price Momentum in Vancouver Real Estate – Its Falling Now, But When it Goes Up We Won’t Know Until A By Mike Stewart
View in HD Download 480p Version Visit Mike Stewart’s ExposureRoom Videos Page
View in HD Download 480p Version Visit Mike Stewart’s ExposureRoom Videos Page
When will Vancouver Real Estate hit bottom?
That is a question I get asked all the time. Like I have said in comments my post on Why Vancouver Real Estate Prices Go Up and Down, if I knew when the Vancouver Real Estate Market was going to bottom, I would no longer be working…
What we can say for sure is where the market is going over the next little while and this is based on the consensus of expectation.
There is a general consensus in Vancouver among buyers and sellers of real estate that prices will continue to fall and buyers and sellers are acting accordingly.
We will see the bottom of the Vancouver Real Estate market when buyer and seller expectations diverge and the consensus is broken. Buyers will still be thinking prices are coming down and sellers will have some good news to give them hope that if they hold there will be hope going forward of hight future prices. Price will start to rise and a new consensus will form based on rising prices.
I can’t wait!
I’d love to hear your thoughts LEAVE A COMMENT!!