February is not looking like January-for good & bad. The good is Buyers are coming back & that's reflected in the sale prices & how fast listings are selling. The bad is that there aren't enough listings yet.
What could encourage home owners to sell? Better headlines would be a great start. Business in Vancouver wrote about the changing market this week. No one is ready to call this a trend yet, but it is encouraging to see this much activity.
People are more likely to follow then lead so once word gets out that the market is warming up, I'm hopeful that Sellers will be encouraged to think about listing their homes.
Of course Sellers need something to buy too so more listings would also help.
What areas are most active? Vancouver, North Vancouver, & Richmond all have Buyers actively looking & buying. A lot of the headlines refer to Greater Vancouver so important to know what's hot & what's not.