Tagged : Alberni Valley Real Estate

Found 31 blog entries tagged as "Alberni Valley Real Estate".

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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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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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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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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Sales of single-family homes in December dropped by 48 per cent from one year ago and were 44 per cent lower than in November.

Last month, 170 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 304 in November and 328 one year ago. Apartment sales in December were 65 per cent lower than in December 2017, while the number of townhouses sold in December dropped by two per cent from one year ago. Annual sales of single-family homes in 2018 totalled 4,543, a 19 per cent drop from 2017. However, this reduction reflects the market returning to more normal levels after the robust housing markets witnessed in 2016 and 2017.

Inventory of single-family homes last month rose by 23 per cent from one year ago (941 to 761) but

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Via the Vancouver Island Real Estate Board 

Sales of single-family homes in October were 11 per cent higher than in September but dipped by 16 per cent from October 2017. Last month, 385 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 347 in September and 458 one year ago. The number of apartments and townhouses changing hands last month dropped by eight and 21 per cent, respectively.

This year's housing market is behaving as expected, moderating after the record-setting pace set in 2016 and 2017. Government policy-side measures introduced to cool the market, such as the mortgage stress test (Guideline B-20) and higher interest rates, are taking their toll on housing sales throughout the country.

On the

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Fall is just around the corner - the kids are back to school, and we’re squeezing out the last few weeks of quality “dock” time at the lake! With the holidays still far away on the distant horizon, it’s a busy, yet peaceful time for families here in the Alberni Valley.

Because we’ve still got a couple of months until a cold snap hits - and the holiday chaos takes over - now is considered an idea time to buy or sell Real Estate on Vancouver Island.

Thanks to our magnificent autumn weather and overall mild climate, fall is considered an excellent time to properly price and move property. In fact, it’s even known as the ‘second spring’ in Western Canadian Real Estate!

Come September, serious buyers will be feeling the pressure to make their

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For most of us, our Real Estate transactions are some of the biggest investments we will make in our lives. Making informed, timely decisions can be imperative to setting you up for your lifetime of financial success. For this reason, you deserve the help of a professional real estate team you can trust.

Working with the Dave Team means access to a comprehensive selling strategy – from beginning to close. Plus, you can count on our support for the remainder of your Real Estate journey, too!.  Starting with a free home evaluation, working through pricing, marketing and open houses, all the way to signing the final contract, the Dave Team has the combined experience and skills to make listing and selling your home a breeze.

What can you expect

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Buying a home is one of the most rewarding experiences many will experience in our lives- but it also comes with its challenges. In Port Alberni, and on the island in general, we have lots of qualified buyers looking to purchase homes, but we’re stretched for inventory. Last month, the Vancouver Island Real Estate Board (VIREB) reported that inventory of single-family homes on Vancouver Island has declined 36 per cent from March 2016. (Read all of the VIREB March statistics here). In Port Alberni, the price of a benchmark home is $217,800, an increase of 12 per cent from one year ago. In today’s market, you can expect that a well priced home in good condition will have multiple offers and move quickly.

There is no doubt these circumstances can be

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