Buying UP in a DOWN market
The supply of homes for sale in the Vancouver, BC market is clearly in excess of recent times. With a 3% absorbtion rate, the time for moving up is now. (the graph above, although too small to read shows 1,049 homes for sale at the end of September 2008 on the westside of Vancouver, with 23 sales in the previous 30 days - other subareas are shown adjacent) The price sped among properties diminishes at times like these. This means that if you can find a larger property with revenue, it may cover the incramental change in mortgage funds. Certainly VancouverPropertyFinder.com can help locate these properties, and a realtor like Mike Andruff can help you find that seller with the right motivation to make the deal work. Call Mike at 604-644-0056
A pdf of the above gragh is available upon request. Email: email@example.com
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