REBGV Releases April Numbers
Well the numbers are out and they continue the trend we’ve been seeing. Listings up and sales down. Prices have continued to slow their growth but have not gone negative. This can only be expected as the number of listings increase.
There is definitely a turn in market sentiment but it is not to the bearish side. It has been, for the past few months, a turn to the demand for quality. Buyers are out there in plenty of numbers are not going to pick up just anything in some sort of frenzied need to buy as they did 30% ago.
No. They will instead be patient and look and then bid in droves for the few really outstanding properties out there.
I have been telling my sellers that now, more than at any time, is not the time to be greedy/patient for the market to catch up to your price. Price it well and it will sell (likely sell very well) Price it wrong and it sits long… ok, enough rhyming. Of course, it is more than pricing that moves a home and gets the best price, but price is a major factor.
One note to the overpriced listers out there: Thank you. Thank you for helping my clients sell there homes for more money than they otherwise might have. Your overpriced listings just make ours more attractive.
Enough about that, let’s get to the stats:
Vancouver, BC 
I can only agree with you on this. Being a realtor is a demanding job. One of the basic principles that I try to pass my clients is “REALITY”. It means that I am trying to tell people that prices sometimes don’t reflect the reality. Sellers want to sell as high as possible, buyers want to save every penny. But people often have to lower their expectations and get “REAL”. The current trend of “Listings up and sales down” makes it particullary difficult for sellers to price right. But I hope that more of them will get “REAL”. It would help a lot.