Should we have some sort of index tracking Realtors making public statements that it’s time to sell?
The market is sluggish, sales are low, inventory is growing.
..And the number of agents saying it’s time to SELL NOW is growing as well.
Agent Keith Roy was in the news recently with his blog post about the sale of his personal property and now Sam Wyatt is saying something similar:
Vancouver’s real estate market is getting and is going to get hit from both ends. So, now that you are thoroughly depressed, here is the bright light: IF YOU SELL NOW, YOU WILL STILL BE SELLING NEAR THE TOP OF THE MARKET. If you plan to sell, you will need to price BELOW the most recent comparable sales prices. If you don’t do this, your listing will stagnate. I am pleased that this methodology has produced 4 sales in the last 30 days for my clients in a market were most homes are not selling. In one case we had a multiple offer with a significant over asking result and in another we negotiated a full asking price sale.
I guess the important part is in all caps.
So can anyone find me a Realtor saying that now is a good time to buy in Vancouver?