Real Estate Information

Here is a little interview that "Point to Homes" had with me at the end of 2015.

Click the link below

http://www.point2homes.com/news/canada-real-estate/market-insights-with-mako-britz-abbotsford-an-emotional-market.html

Abbotsford 37% Absorption Rate ( Sellers market)

Mission 38% Absorption Rate (Sellers market)

Langley 73% Absorption Rate ( Sellers market)

Absorption Rates Explained If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers. If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer. If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on. If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

Abbotsford 33% Absorption Rate ( Sellers market)

Mission 24% Absorption Rate (Fair for Buyers & Sellers)

Langley 51% Absorption Rate ( Sellers market)

Absorption Rates Explained If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers. If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer. If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on. If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

Abbotsford 33% Absorption Rate ( Sellers market)

Mission 21% Absorption Rate (Fair for Buyers & Sellers)

Langley 44% Absorption Rate ( Sellers market)

Absorption Rates Explained If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers. If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer. If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on. If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

Abbotsford     27% Absorption Rate ( Sellers market)

Mission          19% Absorption Rate (Fair for Buyers & Sellers)

Langley          34% Absorption Rate ( Sellers market)

Cloverdale     30% Absorption Rate ( Sellers market)

Absorption Rates Explained

If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers.

If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer.

If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on.

If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

Abbotsford     14% Absorption Rate (Fair for Buyers & Sellers)

Mission          12% Absorption Rate (Fair for Buyers & Sellers)

Langley          24% Absorption Rate (Fair for Buyers & Sellers)

Cloverdale     18% Absorption Rate (Fair for Buyers & Sellers)

Absorption Rates Explained

If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers.

If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer.

If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on.

If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.