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Ian Watt Personal Real Estate Corporation - Sotheby's International Realty Canada

Blog by Ian Watt

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May Will Be The Peak for Real Estate Transactions in 2009

Vancouver Condo Real Estate Video Blog #342 - June 17, 2009

May Will Be The Peak for Real Estate Transactions in 2009

Ian Watt video blogs about how May 2009 was a record month for real estate transactions for Vancouver and Ian believes that the remainder of the year will not the be as strong. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs.

Ian Watt: Hi good afternoon. It's Ian Watt in Downtown Vancouver. In May, we had record numbers of transactions in Downtown core lots of sales. The best month we've seen in a long long time. But I could be wrong but I think that May 2009 is going to be a bit of a peak for the next little while as far as  the amount of transactions are concerned. I don't think the prices are gonna escalate too fast. I don't think the prices are  gonna go down at all but I think the number of transactions throughout the summer and the rest of the year will not compare to what May was. I could be off but I think May was the better month and we're gonna see 20% less of transactions for the upcoming months. My name is Ian Watt. You can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!