May sales figures
If you think the real estate market in Greater Vancouver is busier than ever, you’re right! A recent report released from the Real Estate Board of Greater Vancouver (REBGV) shows that overall residential sales for May 2005 reached an all time high. In fact, thanks to low interest rates and continued high demand for homes, sales in May 2005 were 13.2 per cent higher than sales in May 2004. Sales for detached homes rose to their highest levels since April 2002 while attached properties recorded their highest figures since March 1992. Condo sales for May 2005 fared even better - posting their best numbers ever on record. It’s not surprising condo sales did so well. Just take a look around at the number of new apartment developments around town. These numbers show that people have confidence, not only in the economy, but in investing in real estate. And that’s a good thing.
But enough about work. Considering these fantastic sales figures, us realtors should take the rest of the summer off to even out the numbers. But I don’t think that will happen. Real estate will likely naturally slow over the summer while everyone takes off for vacation and fun in the sun. We don’t have any immediate summer plans, but I’m certain a few weekend getaways will be in store. The most pressing concern at the moment is getting organized for June. With the school year coming to an end, that means we’re hitting high season for year-end concerts, performances and the like. Our daughter is already slated to perform in five numbers for her year-end dance club. She’s also in a Father’s day performance at Willingdon Church as well as her regular school concert. Oh, and I almost forgot, she has her piano exam in in mid June too. The boys are just as busy with hockey, school and piano. So given my already hectic schedule for the month, I wouldn’t mind at all if the real estate market took a little breather…