Stephen Grant, FRI, CRES, RI (BC)
The good number of buyers from outside the Vancouver Island area appear to be staying on top of the market from a distance via websites and PCS (a customized personal search webpage) and the highly motivated ones are jumping in their cars or buying plane tickets to get here quickly as the Hot New Listings are still selling quickly. If you are thinking of selling or need to sell, Now is a good time so don’t wait until Spring, cash in on the low inventory as you could get a quick sale! And if you are a concerned buyer still searching for that home then don’t relax when a new listing comes on the market you have to call ASAP or you could miss out.
Here’s a quick recap of the incredible market:
The average sale price of a single family home has hit a NEW all time high of $407,174 (up 18% over the past 12 mths)
The average sale price of a patio home reached $354,689
The average sale price of a townhome is up to $199,267
The average sale price of an apartment condo slid slightly to $219,527
The average sale price of a vacant lot is $150,108 but inventory remains at an all time low and the new listings expected to hit the market at higher prices due to the shortage
(Based on MLS statistics provided by The Vancouver Island Real Estate Board to December 30, 2017)
The way you buy or sell properties after March 14, 2018 is changing dramatically due to Government changes imposed by the Superintendent of RE and you could be stripped of your choice of Realtor depending on who you and the other party have as their Real Estate Agent. For more information on how this could impact you , call me today.
A quick call to our experienced team will make the process more streamlined and smooth, Call us to set your buying or selling consultation today, because tomorrow may be too late!
Stephen Grant, along with (son) Devyn Grant are both licensed Realtors, along with unlicensed team members (wife) Diana Grant, Maureen Russell and Shannon Block they make up the Grant Marketing Group at Royal LePage Advance Realty. Call or text Stephen at 250.287.1287 or Devyn at 250.203.7688 or visit www.GrantMarketingGroup.ca for more information.