The Lenfesty Report March 2019

(March 29, 2019)

How’s the Market?
After several years in a “Seller’s Market” we are now just entering a new phase, a “Buyer’s Market”.

For those in the industry, the definitions of these terms is quite specific: if the ratio of sales to total-listings-available is above 20%, it’s a Seller’s Market. If that ratio falls below 12%, we are in Buyer’s Market territory.

For all property types, the sales-to-active-listings... read more.

RE/MAX All Points Sales Leaders

(May 09, 2017)

Darlene 3rd in Individual Sales for the month of April 2017!

The Lenfesty Report March 2017

(April 03, 2017)

How’s the Market?

Activity is very strong for apartments and townhouses, especially along the new Evergreen Line corridor through Burquitlam, Port Moody and Coquitlam Centre. As well as transit convenience, this part of the market is influenced by the new first time home buyer tax incentive and relative affordability, especially with rents everywhere continuing to escalate. There are not enough of... read more.

The Lenfesty Report - September 2016

(October 18, 2016)

How’s the Market? Changing …
The sales graph for the month of August confirms we are seeing a shift in the detached house sales in the Greater Vancouver residential real estate market.
The graph shows that the number of sales of detached houses has been trending steadily lower from the most recent peak in March. The portion of the graph in 2016 follows a trend similar to that of previous years, but... read more.

The Lenfesty Report, June 2016

(July 06, 2016)

How’s the Market? STILL Busy!
Wow. Again.
Home sales in May, at 35.3% above the 10year average, set another new record: 4,769 homes were sold (39% detached, 16% attached and 45% apartments).
The total number of listings available in Greater Vancouver at the end of May was 7,726. That’s 37% lower than at the same time last year – but the reasonit’s lower is because demand and sales are so high.
We actu... read more.