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November 2012 Greater Vancouver Real Estate E-Newsletter

Posted on November 14, 2012 by Krista Freeborn

What's happening in the current market? Are prices up or down? Are sales up or down? Read my monthly e-newsletter to answer all of these questions and more...and to stay on top of changes in the industry. Enjoy!

November 2012

With rates still at an all time low (you can get a 5 year rate for 2.65% right now), this continues to be the perfect atmosphere for buyers. Although prices are softening in most areas, we saw price increases last month on the westside for both detached houses and condos/townhouses. November and December are typically the slowest months of the year for real estate, giving buyers another incentive to take the plunge before the typically busy spring market arrives. With the increase in sales last month, I'd say buyers are starting to realize now is the time to make their move. Ski season is around the corner, the excitement of Christmas not far behind that, so enjoy these next few weeks, and if I can help you with your real estate needs in any way, don't hesitate to contact me.

New Listing!

I am selling this great house on the east side. It has retained all of the character & charm, but has all the modern renovations where you want them. If you haven't been in the Renfrew area, (south of Hastings and east of Nanaimo) you need to check it out. Wide streets allow the sun to shine in on the houses, giving you space between your neighbours, and an open, airy feel on the street and in the yards. It was the second highest selling East Van neighbourhood in October. And I can see why! Walk just a few blocks to all of the great bakery's, delis, & cafes. This neighbourhood used to be the Italian district, but is now know as the East Village (love the name), and young couples & families are flocking to this next-to-be-discovered neighbourhood. View the listing details. And it comes complete with a white picket fence! Drop in to my open house this weekend and say hello...2467 E Georgia St. 2-4pm.

Market Statistics

The Greater Vancouver housing market saw a slight increase in the number of home sales, a slight reduction in the number of listings, and a slight decrease in home prices (although the westside increased in price) in October compared to the summer months. It seems buyer demand has increased slightly in October. Buyers are still in a great position with crazy low interest rates, more choice, and less time pressure in terms of decision-making. This translates to a calmer atmosphere for buyers. Read More...

Circle Craft Christmas Market & Eastside Culture Crawl

Are you thinking about Christmas yet? I've already seen a Christmas tree in a window display. It seems early, but if you want to get a jump start on the prezzie buying, or just to get in the Christmas spirit, the Circle Craft Christmas Market is a great start. Showcasing BC and Canadian artisans, this market has been wowing visitors since 1973. Pottery, glass blowing, jewelery, clothing designers, and much, much more. Located at the Convention Centre, and only $10 to enter, it sounds like a good way to spend a few hours this weekend. And don't miss the Eastside Culture Crawl this year, Nov 16-18. You can do some Christmas shopping here too. Or buy some art for your own home. Stroll around the Gastown/Strathcona neighbourhoods and visit local artists in their studios. See this neighbourhood like you've never seen it before. It's not to be missed! Eastside Culture Crawl

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