Open House. Open House on Sunday, April 8, 2018 2:00PM - 4:00PM WATERFRONT 3 BEDROOMS 3 BATHROOMS PASS THE WORD ALONG TO OTHERS LOOKING FOR A SPECIAL HOME
Open House. Open House on Sunday, March 25, 2018 2:00PM - 4:00PM beautiful waterfront home 3 beds 3 bath, level entry
Open House. Open House on Sunday, March 18, 2018 2:00PM - 4:00PM Ocean front level entry home 4000 sq ft 3 bed 3 baths
Open House. Open House on Sunday, March 4, 2018 1:00PM - 3:00PM Beautiful 2 bd 2 bth layout, nice green outlook great first time buyers or anyone one pet is allowed
The Vancouver Island Real Estate Board (VIREB area reports it has been a sellers’ market for several months now. Although some homeowners continue to be reluctant to put their home on the market fearing they will not find another house to buy.
Properly priced single-family homes between $500,000 and $600,000 rarely last longer than a day or two and generate multiple offers, with many selling above list price.
Real estate is cyclical, and consumers need to take advantage of these market conditions because they won’t last forever. When the market does correct itself – and it always does – it usually happens without warning.
The Vancouver Island Real Estate Board (VIREB) reports that in March 2017,The
inventory of single-family homes declined by 36 per cent from March 2016, with 1,023 active listings available last month compared to 1,598 one year ago. Low inventory continues to frustrate consumers and REALTORS® in the VIREB area. An additional 145 single-family properties came onto the market in March, but the increase was not significant enough to have a noticeable impact on inventory. Sales would no doubt be much higher if there were more properties available.
Open House. Open House on Sunday, November 20, 2016 1:00PM - 3:00PM 2 pets allowed in this retirement 55+ 1350 sq ft rancher,sunroom in bare land strata off Dept Bay Rd
Due to limited inventory in this market, you may be faced with challenges of finding the right home by entering into a multiple offer situation. Multiple offers on accurately priced homes are continuing to be the norm rather than the exception.
This condition has helped to bolster the prices substantially. For example:
Nanaimo the benchmark price of a single family home rose 15.80 % to $413,500.
Parksville - Qualicum area saw its benchmark price rise by 17% to $443,500.
Port Alberni is still the least expensive area to buy a home the benchmark was $209,500, still it is up nine percent from one year ago,
Campbell River area was $304,200, an increase of 10.41 percent over August 2015.
In the Comox Valley, the benchmark price was $380,200, up 12 percent from 2015.
Duncan reported a benchmark price of $333,800, an increase of 11.30 percent compared to August 2015.
If you are looking to purchase on the Island, I can help you find a good home. I have a team of Associate Realtors that I can count on to assist in areas that I may not be too familiar with.
A bit about me, I have lived on the Island in various communities from Victoria, Mill Bay, Duncan, Chemainus, Qualicum, Port Alberni and 30 years now in Nanaimo in my lifetime. I've been a full time realtor for 28 years in Nanaimo, I have sold homes from Victoria to Port Alberni and places in between including some of the Gulf Islands.
Let me be your Real Estate Coach, feel free to use my knowledge and expertise. I love helping buyers to purchase a good home in their price range. I look forward to continuing to help you in your search for the right home.
Call or text me on my cell anytime 250-740-0884 you may also leave a message for me at 1-800-738-8808.