Is it a good time to join the Comox Valley real estate market?
And just like that, summer is winding down. But what a great season it has been in the Comox Valley, both in terms of weather and the real estate market.
Well, the weather may be cooling but the market is just as hot as ever. So if you’re thinking it’s too late to list, think again!
People often have the mistaken impression that unless you list in spring, you’re missing the boat. But that’s not the case, and the numbers bear that out.
It’s still a seller’s market
According to the Vancouver Island Real Estate Board (VIREB), a continuing lack of inventory means houses are selling faster and for more money.
“Consumer demand is high, and buyers are snapping up well-priced properties quickly once they hit the market,” says Don McClintock, 2017 VIREB President-Elect. “Multiple offers are commonplace, which is frustrating for buyers and their agents. In fact, we’re now seeing multiple offers on condominiums and townhouses, which is virtually unprecedented for the VIREB area.”
In fact, the BC Real Estate Association notes that the supply of homes for sale in the province has dropped to its lowest level in over a decade.
These days, when it comes to listing there is no time like the present. It’s a seller’s market, so why not act now?
No matter if you’re buying, selling or both, I can help you get the results that you are looking for. Get information on Comox Valley Real Estate by visiting my website or get in touch through my Facebook page.