Burnaby Real Estate Market Analysis Reports
April 7th 2011
We watched with envy as Richmond, White Rock, then Burnaby and now Coquitlam all experience a hot market . Meanwhile any city east of the Port Man bridge is barely hanging in there. Abbotsford has the worst sell through in the Valley at 12% last month.
I will determine the current values changes by April 11. Meanwhile check the sell through rates below.
Dow Jones Stock Values 2007 - 2010
I see a close relationship between the Dow Jones stock market health and the market adjustments in the Mountain Village area. It is safe to say that the majority of these owners have large stock portfolios
People really want to know if the market is going up or down in the next quarter, and why not; a mistake could cost them 1,000's of their after tax equity!
Basically the average home prices reported by our Real Estate Board have very little to do with actual home price changes.
In fact, when the average prices go up, it really could simply mean that during the month a few BIG million dollar homes may have been sold. When the average home price goes down it could mean that that month a lot of first time buyers bought the cheapest homes in town. In other words, these averages have absolutely NOTHING to do with "did your house value go up or down?".
Let me show you my extensive analyzing of the LOCAL neighborhood market areas and market projections.
"Realtor and Lifestyle Consultant"
1-888-539-4664 Toll free
Re/Max Little Oak Realty
Abbotsford, Mission BC