Luciano Loi
Macdonald Realty Ltd.
2105 West 38th Avenue, Vancouver, BC
P: 604-263-1911
F: 604-266-3514
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Luciano Loi
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TelephoneOffice Phone:
604-263-1911
TelephoneMobile Phone:
604-992-2802
TelephoneFax:
604-266-3514
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Featured Property

Ask me about this condo
                AT 
#19- 1388 w 6th ave.
The view is spectacular from this north-facing corner suite featuring 1013 sqft of living space. This immaculate home offers 2 bdrm & 2 baths with plenty of insuite storage including
custom storage in the built-in window
benches.Incredible .....More

 



Vancouver Real Estate

Housing Market Balancing Out


Vancouver, BC – May 14, 2009. The British Columbia Real Estate Association (BCREA) reports that April was the third consecutive month of increasing home sales in the province, on a seasonally adjusted basis. Consumer demand was bolstered by lower home prices and record low mortgage interest rates. Housing affordability hit a three-year high at the beginning of the month.
“Downward pressure on home prices has eased considerably,” said Cameron Muir, BCREA Chief Economist. “An increase in consumer demand combined with fewer homes for sale has trended the market near balanced conditions.” The number of homes for sale through the Multiple Listing Service (MLS®) fell to a twelve-month low in April, on a seasonally adjusted basis.
MLS® residential sales dollar volume in BC declined 25 per cent to $3.1 billion in April, compared to the same month last year. Residential unit sales declined 20 per cent to 6,918 units during the same period. The average MLS® residential price in the province was $449,372 in April, down 6 per cent from April 2008. Year-to-date, MLS® residential sales dollar volume was down 41 per cent to $7.8 billion over the same period last year. A total of 1,889 units were sold in the first four months, down 35 per cent from 2008, while the average MLS® price declined 9 per cent to $433,246.

Contact Me today and begin your Vancouver real estate experience. I look forward to serving you.

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