Recently showed new construction homes priced $125K above resale. Yet some are still getting contracts signed. Surprised builders have held out this long. They’ll need to clear inventory eventually.

Open house traffic has picked up compared to the last 60 days.

Housing sales were coming back in the Fall. I did 6 deals in December. Then the Tariffs stalled activity in February. Many sellers thought it was the election slowing down the market, but buyers were saying it is the Tariff uncertainty holding them back

Rennie says layoffs are due to “structural change” in real estate dailyhive.com/vancouver/renn…

Inventory is the real story. This doesn't disappear overnight.

You’d be surprised how many listings have been on the market for two weeks now and zero showings Talking with lots of agents having this experience

For the past 5 years, to avoid competing offers buyers had to purchase homes: - on a busy road - gross condition - bad layout Today, buyers have a high quality selection of homes that have been sitting for 3+ weeks.

If you are listing in this market, it's pretty much non-negotiable that you: - freshly paint - deep clean - finish the small repair projects - declutter Otherwise, good luck

The most active segment I see right now: 3 bed townhouses and duplexes in Greater Vancouver under $1.2m

Showed a 1,300 sqft townhouse this week that was claiming 1,500 sqft on the listing Always normalize square footage using strata plan / evalue measurements to other comparables in the complex. Seeing huge discrepancies these days.

Whalley in Surrey was the only condo market across the river with a skytrain stop. Now there will be condos built all along the skytrain extension to Langley. Scarcity to abundance. We know what that does to prices.

9 groups today through my entry level West Vancouver listing. Good to have some activity in the market again. $2.4m rancher house

I think we'll see an okay real esate selling market for the next 45 days if you adjusted your price down 3-8% from last year. Summer and Fall though, I'm a bit worried about

If you have an entry level ish house with 4 beds upstairs, raise your price.

Only respond if you are a knowledge worker. How much less are you working this year to get the same things done with the help of chatgpt?

March - "Of the 910 units released in March, only about 8% sold within the month, well below the 27% seen in March 2024 and the five-year average of approximately 41%"