The sales-to-active-listings ratio percentage is calculated by dividing the number of homes sold in a particular period by the number of active listings on the market at the end of that period and then multiplying the result by 100 to express it as a percentage. Mathematically, it is represented as:

Sales-to-Active-Listings Ratio Percentage=(Number of Homes SoldNumber of Active Listings)×100Sales-to-Active-Listings Ratio Percentage=(Number of Active ListingsNumber of Homes Sold​)×100

Interpretation:

• A ratio percentage greater than 100% indicates that there were more homes sold than there were active listings on the market during the period, suggesting high demand relative to supply. This typically signifies a seller's market, where competition among buyers is fierce, and sellers may have the advantage in negotiations.

• A ratio percentage less than 100% indicates that there were fewer homes sold than there were active listings on the market, indicating lower demand relative to supply. This often signifies a buyer's market, where buyers have more negotiating power and sellers may need to adjust their pricing or marketing strategies to attract buyers.

• A ratio percentage close to 100% suggests a balanced market, where supply and demand are relatively equal. In this scenario, neither buyers nor sellers have a significant advantage, and pricing and selling times tend to be stable.

Importance: The sales-to-active-listings ratio percentage provides valuable insights into market conditions and trends, helping buyers, sellers, and real estate professionals make informed decisions. For sellers, it helps determine pricing strategies, timing for listing their homes, and expectations for the selling process. For buyers, it provides insights into competition levels, negotiating power, and market trends, aiding in the decision-making process.

Limitations: While the sales-to-active-listings ratio percentage is a useful indicator of market dynamics, it is important to consider other factors that may influence real estate activity, such as interest rates, economic conditions, demographic trends, and seasonal fluctuations. Additionally, variations in property types, neighborhoods, and price ranges can impact the interpretation of the ratio, so it's essential to analyze it in conjunction with other market indicators for a comprehensive understanding of market conditions.

In summary, the sales-to-active-listings ratio percentage is a valuable metric for assessing the balance between supply and demand in the real estate market and can provide valuable insights for buyers, sellers, and industry professionals alike.

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To get information on living in White Rock, you can explore several resources:

1. City of White Rock Website: The official website of the City of White Rock provides comprehensive information on services, programs, facilities, and living in the city. You can find details about city departments, community events, local government, and more.

2. White Rock Community Centre: The White Rock Community Centre offers programs, classes, and services for residents of all ages. You can visit their facility, check their website, or contact them directly for information on community resources, recreational activities, and cultural events.

3. Real Estate Agencies and Realtors: Local real estate agencies and realtors specializing in the White Rock area can provide valuable insights into housing options, neighborhoods, schools, and amenities available in the community. They can help you find the right home and provide information on living in White Rock.

4. Community Newspapers and Magazines: Publications such as the White Rock Sun and the Peace Arch News often feature articles, advertisements, and community updates relevant to residents of White Rock. You can pick up copies of these newspapers or visit their websites for local news and information.

5. Local Libraries: The White Rock Library, part of the Fraser Valley Regional Library system, offers resources, programs, and services for residents. You can visit the library in person or explore their website for information on living in White Rock, including local history, events, and resources.

6. Community Associations and Organizations: Joining community associations or organizations in White Rock can connect you with fellow residents and provide access to resources, events, and support networks. Examples include neighborhood associations, cultural groups, and recreational clubs.

By utilizing these resources, you can gather valuable information and insights into living in White Rock, helping you make informed decisions and navigate life in this vibrant seaside community.

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The latest housing assessment figures in British Columbia show residential property markets softening across the province, but analysts say it may not bode well for affordability in the coming year.

The concerns stem largely from the potential drop in interest rates later this year, which may spur homebuying activity while housing supply remains limited, driving up prices.

Contact me for a customized analysis.  I look forward to hearing from you!