Kristina Eng  BA  MA  MCNE  CIPS

Your Residential and Investment Specialist

METRO VANCOUVER BUYERS' MARKET FOR HIGHER END HOMES

 

Higher inventory means more selection and more ability to negotiate vigorously with motivated sellers for homes that may include ocean views, are more luxurious, have more amenities, acreage and are in prestigious neighbourhoods.

 

 

The cut off price point from balanced market to buyer’s market varies by area, but in many areas, for example in South Surrey / White Rock and the eastside of Vancouver the pivot point is properties over $1.75 million.

 

The surge of investor buyers and offshore funded buyers has noticeably slowed reducing demand and putting downward pressure on prices for higher end homes. For buyers with the financing required for this range of real estate, it is a great time to go shopping for your dream property.

 

 http://www.news1130.com/2017/09/27/sales-luxury-detached-homes-drops-vancouver-remax/

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