Note the comments from the author (Andrew Lis) regarding prices reaching a footing. This could be true especially if supply doesn’t increase significantly. I’ve already noticed several multiple offer situations since seller’s realize the market shift & are pricing more realistically. In some instances pricing below market value in hopes of creating the multiple offer to push the sale price beyond the list price. One key difference that has changed from past years is the mandatory buyer rescission period.
Post Your Comment:
Personal Real Estate Corporation
Let's discuss your next home sale or purchase, with no obligation.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.