Real Estate Blog

In Port Alberni, the benchmark price of a single-family home in January came in at $328,900 which rose marginally from December and a high 9.65% from January last year. Compare to the board-wide average at only 4%, this is a significant increase for all of Vancouver Island. 

 

In the apartment category, the year-over-year benchmark price rose by two per cent, hitting $345,300 with a three percent drop form the month prior. The benchmark price of a townhouse rose by fiver per cent year over year, climbing to $364,700, and was virtually the same as in December. 

 

Trend wise, inventory is tightening again, which is one of the factors behind weaker sales. REALTORS® are reporting that there is keen interest among buyers. However, reduced

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Across Vancouver Island sales of single-family homes in December increased by 40 per cent from one year ago and were 24 per cent lower than in November. Last month, 237 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 312 in November and 169 one year ago. Apartment sales in December rose by 68 per cent year over year, while the number of townhouses sold dropped by 20 per cent from one year ago. Annual sales of singlefamily homes in 2019 totalled 4,119, a nine per cent drop from 2018’s 4,539 sales. Inventory of single-family homes last month was virtually the same as in December 2018 (937 to 934) but dipped by 19 per cent from November 2019. Active listings of apartments rose by 10 per cent (270 to 298) year

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NANAIMO, BC – Sales of single-family homes in October dropped by 11 per cent from 2018 and were virtually the same as in September. Apartment and townhouse sales dipped by nine per cent and 22 per cent, respectively. Last month, 343 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 345 the previous month and 384 in October 2018.

In the apartment category, 88 units sold last month, while 42 townhouses changed hands. Inventory of single-family homes in October rose by 14 per cent from one year ago (1,173 to 1,333). Active listings of apartments increased by 16 per cent (322 to 373) year over year while townhouse inventory dropped by 21 per cent (167 to 132). The benchmark price of a single-family home board-wide was

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Sales of single-family homes in September were virtually flat year over year but dipped by 16 per cent from August. However, apartment and townhouse sales rose by 15 per cent and 11 per cent year over year, respectively. Last month, 345 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 413 the previous month and 347 in September 2018.

In the apartment category, 85 units sold last month, while 51 townhouses changed hands in September. In the VIREB area, inventory of single-family homes in September rose by 14 per cent from one year ago (1,283 to 1,466). Active listings of apartments increased by 43 per cent (293 to 419) year over year while townhouse inventory dropped by 18 per cent (171 to 140). The September

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With the autumn colours coming into their full vibrancy, our streets, parks, and cityscapes in the Alberni Valley are looking truly beautiful! With the kids back in school and that cosy “fall feeling” upon us, it’s a really special time of year.

Those reasons aside, we provide you with our three expert insights on why you should consider a real estate purchase in Port Alberni this fall:

Sellers are tired - and they’re SERIOUS about making a sale!

Pricing a home properly is THE most important part of selling, and unfortunately, some sellers are over-confident with their pricing during the prime selling season; spring. By pricing their homes more than what the market is looking for, they likely have seen months of little to no action on moving

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Sales of single-family homes in August board-wide dipped by 11 per cent year over year and were nine per cent lower than in July. Last month, 413 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 453 the previous month and 463 in August 2018. Year-over-year sales of apartments and townhouses dropped by 28 per cent and 25 per cent, respectively. REALTORS® are reporting that VIREB’s housing market is adjusting somewhat as buyers adapt to the restrictions imposed by the B-20 stress test and sellers curb the expectations formed during the booming markets of 2016 and 2017 and, to a lesser extent, 2018.

 In the VIREB area, inventory of single-family homes in August rose by 11 per cent from one year ago (1,343 to

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 Is it just us, or are we detecting those first telltale signs of autumn in the air?

Although most of our kids are not back to school yet, we’re gearing up to  prepare for the busy-ness that comes with September - back to routines, schedules, and productive habits. Come September, serious buyers will be feeling the pressure to make their move before the holiday season or bad weather hits - so if you’re thinking of selling, NOW is a great time to put your home on the market. 

We’ve put together some of our tried-and-true tips for making the most of your autumn sale. 

If you want to put your home on the market this fall, here’s what you’ll want to do first!

 

#1. Contact The Dave Koszegi Group

First of all, you’ll want to be sure to get in

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Sales of single-family homes in July board-wide rose by three per cent year over year and were 12 per cent higher than in June.

Last month, 453 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 406 the previous month and 438 in July 2018. Sales of apartments dropped by 14 per cent year over year while townhouse sales increased by 22 per cent.

REALTORS® are reporting that housing sales are steady, even brisk in some areas, but certainly less robust than they were in 2016, 2017, and 2018. Weaker housing demand has contributed to an increase in total active residential listings across the province. In the VIREB area, inventory of single-family homes in July rose by nine per cent from one year ago (1,419 to

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In Uplands II the choice is yours… but hurry - this 63 lot new subdivision is SOLD OUT!

You can still build your forever home on one of the 3 remaining resale lots (no GST) or just move into one of the 6 brand new homes currently under construction.

Here’s why everyone wants to live and build here...

 - bordered on 2 sides by greenbelt and the popular Log Train trail system;

 - beautiful streetscape with paved roads, underground services and children’s play park;

 - generous lot sizes and mountain views!

Exclusively listed by the Dave Koszegi Group – call us to make your dreams come true! 

 250.723.SOLD (7653) or email info@dkg.ca

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Sales of single-family homes in June board-wide dipped by seven per cent year over year and were 11 per cent lower than in May. Last month, 408 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 458 the previous month and 437 in June 2018. Sales of apartments dropped by 29 per cent year over year while townhouse sales were down by 32 per cent from one year ago. The mortgage stress test (Guideline B-20) continues to hurt housing sales throughout British Columbia, including Vancouver Island.

Although the B.C. economy continues to be highly supportive of housing demand, the negative shock to affordability and purchasing power created by the stress test is making it extremely difficult for some buyers, particularly

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