The market in Fairview is on fire! It is consistently one of the best areas for sellers!
Stats for Oct, 2017
Sales ratio 67%
800k-900k 1.5 million 73%
*Economists declare it is a sellers market at 20% and higher. When the ratio exceeds 100% this means that the buying acitvity out paces the amount of homes being listed.
The Surge in Metro Vancouver New Home Completions Housing affordability is fundamentally linked to the relationship between the housing stock and market demand. Strong economic growth has created rising labour demand and consumer confidence side effects, while net migration and a wave of millennials entering their household-forming years have rounded out a “perfect storm” of demand-side momentum. In turn, the supply of resale homes on the market in Metro Vancouver has plunged to decade lows. This has led to continuing upward pressure on home prices, because elevated consumer demand hasn’t been matched by an equivalent increase in supply.
101-1465 W. 4th Ave.
Vancouver, BC, CA