After several months of slowing sales and increasing supply the new media have made it official.
That Vancouver’s Housing Market is now officially slowing and it’s a “Buyer’s Market”. The media always seem to be somewhat behind what is really happening on the front lines It’s always best to speak with the REALTOR® active in your neighborhood to get a real handle on what’s happening specific to your house market.
September sales activity (on the Westside) continues to remain at levels not seen since the late 1990’s. We now have over 12 month’s housing supply and home prices were down (on average 6% ) in September this year’s verses last year.
This all being said, a correctly priced home that presents well will still attract offers and a sale within 30 days. There’s a lot of supply and choice for buyers right now. It’s critical for sellers to make their home stand out from the crowd. Pricing and Presentation is now more important than ever.
Here’s how the numbers stack up:
Westside Single Family Homes:
Townhomes and Condos:
Is Your Home Market Ready?
If you are thinking of placing your home on the market this Fall, remember, First Impressions are everything. Jill and I would be pleased to drop by, meet with you and suggest what you can do to increase not only the saleability of your home but also its Market value. So many of our suggestions are typically simple changes or repairs well worth the effort.
A poorly staged home with outstanding deficiencies will always sell for less and take longer to sell that the well prepared home.
Don’t sell yourself short. Call us today! We can easily be reached on our mobile at 604-657-7936 or via email at
Andrew@andrewhasman.com.
Andrew Hasman
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