Pal Saini Real Estate

02/11/2022

Just sold another townhouse to my very happy buyers.

08/10/2021

Drop in listings pushed up Vancouver home prices in July.

Home sales in Greater Vancouver declined on a monthly basis by 11.6% in July, the Real Estate Board of Greater Vancouver (REBGV) reported.

The 3,326 sales last month were still 6.3% higher than the 3,128 transactions in July 2020 and 13.3% over the 10-year average, but activity fell, perhaps expectedly, from highs attained earlier in the pandemic.

“Moderation was the name of the game in July,” said Keith Stewart, an REBGV economist. “Home sales and listings fell in line with typical seasonal patterns as summer got going in earnest in July. On top of moderating market activity, price growth has levelled off in most areas and home types.”

Listings for detached, semis and condos decreased by 26.4% to 4,377 from 5,948 in July of last year, although that could very well owe to mass COVID-19 vaccination allowing Vancouverites to travel or otherwise enjoy their summer. Still, listings last month declined from 5,849 in June and fell 12.3% below the 10-year average for July.

There were 9,850 homes for sale on the MLS at the end of July, decreasing by 18.5% year-over-year and 9.1% month-over-month from 12,083 and 10,839, respectively. Naturally, Vancouver’s housing supply shortage is pushing prices upward, with the benchmark price for all property types reaching $1,175,500 in Metro Vancouver—while that’s a 13.8% year-over-year increase, it was flat from June.

“Low housing supply remains a fundamental factor in Metro Vancouver’s housing market,” said Stewart. "Home sales remain above average and we’re starting to see price increases relent as well. Going forward, the supply of homes for sale will be among the most critical factors to watch. This will determine the next direction for house price trends."

Detached home sales in the region totalled 1,050 in July, down by 6.3% from 1,121 a year earlier, however, the benchmark price increased to $1,801,100 during that time but didn’t change from the month prior.

06/01/2021

Sunny Kelowna for good presale investments. Call us today if you need one @ 604-725-3134 or toll free 1-855-95-HOMES(46637)

05/31/2021

Another busy day at the office writing deals for our clients.

05/30/2021

Investment Presale Properties in Kelowna, BC.

05/29/2021

A day at the office making client contacts

05/09/2021

HAPPY MOTHER'S DAY TO ALL!!
Hello my neighbors, if you, your friends or family members need any help to sell their home or any other real estate property or want to buy a home or business then let me know, I will be more than happy to help. Housing market has a very low inventory right now so if you decide to sell then this is the best time to sell right now. I can help you make a whole lot more money than the market price. This trend will not last for long. Take the advantage now and call me for my help or advice. If you just want to know your home value according to the current market trend then call me also. I will do the market research for you to get you the currect price for your home and it is absolutely FREE for you. Don't be shy to call me any time 24/7 at 604 725 3134 or 604 900 9091. I will be very pleased to help.

03/28/2021