Upward Pressure In The Vancouver Real Estate Market

We noticed there are some very interesting changes in the movement of property to buyers. All the reports, chatter and general opinion from established Realtor groups seems to point to a continued sellers market. Despite the the common theme of “Watch out”, this bubble is going to burst

Whatever the views, advice and opinions all realtors need to look at proactive ways of reaching further afield.

The MLS platform is the most powerful specialist marketing system in the country. Maybe but its reach is dwarfed by the power that can be created through social reach, targeted contact and fast auto response tools.

So are we saying goodbye to the MLS of yesterday or embracing new ways to dovetail and complement the existing marketing tools?

Kazooky sees the future as a cohesive and intertwined approach. By harnessing the massive engagement power of social reach with the MLS marketing platform you are delivering a significant marketing platform without peers. Real estate marketing has changed forever.

From The Real Estate Board of Greater Vancouver

“Fundamental economics are driving today’s market. Home buyer demand is at near record heights and home seller supply is as low as we’ve seen in many years,” Darcy McLeod, REBGV president said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,442 in January 2016. This represents a 6.2 per cent decline compared to the 4,737 units listed in January 2015 and a 119.8 per cent increase compared to December 2015 when 2,021 properties were listed.

“The MLS® is the most powerful real estate marketing system in the country. If you’re thinking of selling, it’s important to talk with your REALTOR® about putting your home on the MLS® system to ensure your property gets maximum exposure,” McLeod said.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 6,635, a 38.6 per cent decline compared to January 2015 (10,811) and a 10.1 per cent increase compared to December 2015 (6,024).

The sales-to-active listings ratio for January 2016 is 38 per cent. This is indicative of a seller’s market.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark, while home prices often experience upward pressure when it reaches the 20 to 22 per cent range in a particular community for a sustained period of time.

Sales To Active Listings Ratio

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