Interesting, isn't it, when the market slows down a touch and everyone takes one step backward.  With all the news exploding out of the US about the housing market, the folks here in Vancouver are certainly more leary of jumping on their latest real estate acquisition.  On the one hand, who can blame them.  On the other, the last few weeks have proven that the market often dips a bit and then recovers rather quickly to trudge along once again. 

For instance,  Kerrie and I had a slow August and yet rebounded to an absolutely crazy mid September to mid October...easily one of our busiest ever.  Our office virtually fared the same.  This week we had enormous sales volume.  Dexter Realty had multiple offers on a house listed at $7 million (1. wow! 2. Where does this money come from?) and an amazing amount of sales in the multi-million price range from the 3's to 7's.  I also noticed that our price reductions for Vancouver dipped a bit from 2 weeks ago and sales increased, though there still seems to be a solid amount of price-reducing going on.

Conclusion?  Same old, same old.  The US market is bringing down rates which have stimulated Vancouver again.  People just can't reach for the sky any more.  Many buyers are not going to bite if the price is too high. 

As for the heavy hitters?  It would appear that quite a few people, who seem to be pretty smart with their savings, are continuing to invest in the Vancouver market in a big way.  Maybe they know something we don't?  Maybe they could throw me a stock tip or two?  Maybe they could let me be the pool boy?

Moral of the story--It's a wild and wacky market.  They don't call it the wild, wild, west for nothin'.  Please go to www.truerealestatestories.com for more humorous stories from our collection.