Welcome Real Estate News seekers
It is easy to compare house prices
with the wolfram Alpha search engine
More and more real estate clients are using the
internet to look for real estate information and properties. Realtors and real
estate agents who do not yet have a blog or website of their own will lose out
in the long run. The agents who start early will have an advantage as they will
have more pages indexed and better page rankings over a longer period of time.
read real estate blogging
"...using
your 21-Day
Program was like injecting my house with steroids! Suddenly everyone took
notice and wanted it. 3 weeks later it sold!"
~~
Sidney
Thompson, Grand Rapids, MI
Residential Real Estate
Market Is Not for the Faint of Heart
Home sales in the San Fernando
Valley are indeed up from this time last year, said Todd Jones of Rodeo Realty.
But agents, the ones who’ve stuck around at least, are working three times as
hard for a third of the money to clean up the flood of distressed properties on
the market, he said.
Real estate news websites is
served by leading news providers ...
sitemap
..
last modified 22-12-09.
Slower rebound seen in real estate market
by Mark Nielsen found at princegeorgecitizen.com
Thursday, 27 August 2009
The B.C. Real Estate Association revised downward its 2009 prediction for the
northern B.C. market in its third-quarter forecast released Thursday.
By the end of this year, it's now expected $73 million worth of single-family
homes will have been sold in the region, based on sales of 3,480 units at an
average price of $210,000, down from $88 million, based on 4,400 sales at
$200,000 expected in the BCREA's fall forecast last October.
The BCREA also lowered expectations for all of the province's other Interior
markets while simultaneously revising upward its predictions for the Lower
Mainland and Vancouver Island-Sunshine Coast markets and for the province as a
whole.
"When we look at the provincial aggregate, we've seen a substantial
rebound in home sales and that's being led by markets in the Lower Mainland and
Victoria," BCREA economist Cameron Muir said.
"In the Interior markets and the North, market conditions are improving
but at a more gradual pace, and that makes a lot of sense because in the B.C.
Northern Real Estate Board area, which is very large, a lot of employment in the
area is strongly oriented toward the resource sector and manufacturing base, and
of course, those sectors are still feeling the fallout of the recession."
However, the BCREA is expecting a fairly uniform increase in both sales and
average prices across the province for 2010. It's predicting the average sale
price in northern B.C. will rise to $214,000 and the number of sales to increase
to 3,800, adding up to $81.3 million.
That's still down from $89.7 million achieved over the course of 2008, based on
sales of 4,038 units and an average price of $215,358, but last year's sale
prices were record setting, BCREA Muir noted.
He expects the sales to active listings ratio will rise to the point where
it's a balanced market, as opposed to a buyer's market, over the course of next
year in most Interior markets, "and that bodes well for firming up of home
prices."
Not only are interest rates at a low, but consumer confidence appears to be
improving, Muir added.
The northern B.C. figures are for a region stretching roughly from 100 Mile
House north to the Yukon border with the exception of the Dawson Creek-Chetwynd
area. Third quarter numbers specific to Prince George are usually released in
October.
mnielsen@pgcitizen.ca
real estate development
marketing