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April 2015 Marketwatch Newsletter

by Mako Britz

Abbotsford 33% Absorption Rate ( Sellers market)

Mission 21% Absorption Rate (Fair for Buyers & Sellers)

Langley 44% Absorption Rate ( Sellers market)

Absorption Rates Explained If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers. If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer. If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on. If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

March 2015 Marketwatch newsletter

by Mako Britz

Abbotsford     27% Absorption Rate ( Sellers market)

Mission          19% Absorption Rate (Fair for Buyers & Sellers)

Langley          34% Absorption Rate ( Sellers market)

Cloverdale     30% Absorption Rate ( Sellers market)

Absorption Rates Explained

If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers.

If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer.

If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on.

If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

Feb 2015 Market Update

by Mako Britz

Abbotsford     14% Absorption Rate (Fair for Buyers & Sellers)

Mission          12% Absorption Rate (Fair for Buyers & Sellers)

Langley          24% Absorption Rate (Fair for Buyers & Sellers)

Cloverdale     18% Absorption Rate (Fair for Buyers & Sellers)

Absorption Rates Explained

If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers.

If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer.

If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on.

If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

June Market Update

by Mako Britz

Abbotsford     22% Absorption Rate (Fair for Buyers & Sellers)

Mission          18% Absorption Rate (Fair for Buyers & Sellers)

Langley          32% Absorption Rate (Fair for Buyers & Sellers)

Cloverdale     28% Absorption Rate (Fair for Buyers & Sellers)

Absorption Rates Explained

If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers.

If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer.

If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on.

If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

Mako's Market Update April/2014

by Mako Britz

Abbotsford     22% Absorption Rate (Fair for Buyers & Sellers)

Mission          18% Absorption Rate (Fair for Buyers & Sellers)

Langley          32% Absorption Rate (Fair for Buyers & Sellers)

Cloverdale     28% Absorption Rate (Fair for Buyers & Sellers)

Absorption Rates Explained

If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers.

If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer.

If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on.

If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

Mako' Market Update

by Mako Britz

Abbotsford     22% Absorption Rate (Fair for Buyers & Sellers)

Mission          19% Absorption Rate (Fair for Buyers & Sellers)

Langley          22% Absorption Rate (Fair for Buyers & Sellers)

Cloverdale         21% Absorption Rate (Fair for Buyers & Sellers)

Absorption Rates Explained

If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers.

If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer.

If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on.

If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

Where is the Real Estate Market Today?

by Mako Britz

Abbotsford   12% Absorption Rate (good for Buyers)

Mission          12% Absorption Rate (good for Buyers)

Langley          16% Absorption Rate (good for Buyers)

Absorption Rates Explained

If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers.

If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer.

If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on.

If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

 

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Market Update - December 2013

by Mako Britz

Abbotsford   13% Absorption Rate (good for Buyers)

Mission          10% Absorption Rate (good for Buyers)

Langley          23% Absorption Rate (good for Sellers)

 

Absorption Rates Explained

If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers.

If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer.

If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on.

If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

November 2013 Market Update

by Mako Britz

Abbotsford   16% Absorption Rate (good for Buyers)

Mission          13% Absorption Rate (good for Buyers)

Langley          23% Absorption Rate (good for Sellers)

 

Absorption Rates Explained

If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers.

If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer.

If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on.

If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

Market update July 2012

by Mako Britz

Abbotsford   15% Absorption Rate (good for Buyers)

Mission          13% Absorption Rate (good for Buyers)

Langley         20% Absorption Rate (good for Sellers)

Absorption Rates Explained

If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers.

If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer.

If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on.

If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

Displaying blog entries 1-10 of 10