{"id":403,"date":"2016-11-16T15:52:10","date_gmt":"2016-11-16T20:52:10","guid":{"rendered":"http:\/\/www.juliafreeman.ca\/blog\/?p=403"},"modified":"2016-11-16T15:52:10","modified_gmt":"2016-11-16T20:52:10","slug":"buyers-and-sellers-hesitation-results-in-holding-pattern","status":"publish","type":"post","link":"https:\/\/www.juliafreeman.ca\/blog\/2016\/11\/buyers-and-sellers-hesitation-results-in-holding-pattern\/","title":{"rendered":"Buyers&#8217; and Sellers&#8217; Hesitation Results in Holding Pattern"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Reduced home sale and listing activity are changing market dynamics in communities across Metro Vancouver.<\/strong><\/p>\n<p style=\"text-align: justify;\">Residential property sales in the region totalled 2,233 in October 2016, a 38.8 per cent decrease from the 3,646 sales recorded in October 2015 and a 0.9 per cent decrease compared to September 2016 when 2,253 homes sold. \u00a0<strong>Last month\u2019s sales were 15 per cent below the 10-year October sales average.<\/strong><\/p>\n<p><strong>\u201cChanging market conditions compounded by a series of government interventions this year have put home buyers and<\/strong> <strong>sellers in a holding pattern,\u201d<\/strong> Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. <strong>\u201cPotential buyers and sellers are taking a wait-and- see approach to try and better understand what these changes mean for them.\u201d<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>\u201cWhile sales are down across the different property types, it\u2019s the detached market that\u2019s seen the largest reduction in home<\/strong> <strong>buyer demand in recent months,\u201d<\/strong> Morrison said. \u201cIt\u2019s important to work with your local REALTOR\u00ae to help you navigate today\u2019s changing trends.\u201d<\/p>\n<p>Download the complete stats package <strong>here.<\/strong><\/p>\n<p style=\"text-align: right;\">Credit REBGV<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reduced home sale and listing activity are changing market dynamics in communities across Metro Vancouver. Residential property sales in the region totalled 2,233 in October 2016, a 38.8 per cent &hellip; [<a href=\"https:\/\/www.juliafreeman.ca\/blog\/2016\/11\/buyers-and-sellers-hesitation-results-in-holding-pattern\/\">read more<\/a>]<\/p>\n","protected":false},"author":2,"featured_media":405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/posts\/403"}],"collection":[{"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/comments?post=403"}],"version-history":[{"count":5,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/posts\/403\/revisions"}],"predecessor-version":[{"id":409,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/posts\/403\/revisions\/409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/media\/405"}],"wp:attachment":[{"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/media?parent=403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/categories?post=403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/tags?post=403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}