The news is out about the BCAssessment Values increasing in the Capital Region. With so much media recently discussing how prices are going down, along with the general consensus from the public that prices have gone down, how can it be that BCAssessment raises the Assessed values of properties in our area? Well, I do know that BCAssessment is always looking to keep the assessment close to the current market values. Lately you may have noticed homes which are selling almost always selling for more than their assessed values. This does not happen 100% of the time, but in the case of downtown condos the sale price is typically much higher than their BCAssessment values. The market has been moving at a slow but steady pace for some time now, and I see that continuing for at least the next few months.
VLOG Post on this: http://www.youtube.com/watch?v=zlDcg_FaJbw
http://aaronhallrealestate.com/
Monday, January 10, 2011
Saturday, January 1, 2011
Why Are We Un-Usually Busy This Christmas Season?
This year during the Holidays I have seen a considerable amount of action in my area of the market.
The people I am working with are people who have been thinking about making a move for a long time. These people feel that the selection and prices are at a point where they feel comfortable.
I was just going over this years Market Data with the President of our Brokerage and we both noticed that prices were recorded as being 7% higher than the year before, but we both agreed that we felt current prices were similar to what we were seeing at the beginning of 2010. This shows us how stable our market is.
Some Data we paid close attention to was that the number of sales for 2010 was 18% lower than the number of sales in 2009.
My experience through the year would say the same, the market is slow but steady.
Video Version:
http://www.youtube.com/user/aaronhallrealestate#p/a/u/0/FTqB3tDjRPo
http://aaronhallrealestate.com/
The people I am working with are people who have been thinking about making a move for a long time. These people feel that the selection and prices are at a point where they feel comfortable.
I was just going over this years Market Data with the President of our Brokerage and we both noticed that prices were recorded as being 7% higher than the year before, but we both agreed that we felt current prices were similar to what we were seeing at the beginning of 2010. This shows us how stable our market is.
Some Data we paid close attention to was that the number of sales for 2010 was 18% lower than the number of sales in 2009.
My experience through the year would say the same, the market is slow but steady.
Video Version:
http://www.youtube.com/user/aaronhallrealestate#p/a/u/0/FTqB3tDjRPo http://aaronhallrealestate.com/
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