Tagged : Vancouver Island Real Estate

Found 23 blog entries tagged as "Vancouver Island Real Estate".

 

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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The mortgage stress test, also known as Guideline B-20, is taking a toll on housing sales throughout the province, and Vancouver Island is no exception. Sales of single-family homes in January dropped by 28 per cent from one year ago, albeit they did rise by 23 per cent from December 2018.

Last month, 209 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 170 in December and 290 one year ago. Apartment sales were 20 per cent lower than in January 2018, while 34 townhouses sold last month compared to 33 the previous year. Inventory of single-family homes in January rose by 32 per cent from one year ago (987 compared to 748) and was nearly five per cent higher than in December. Active listings of apartments climbed by 38

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When it comes to taking care of your home, the old adage always seems to ring true; “there’s no better time than the present!”

Early fall is the ideal time to begin preparing your home for fall - before it actually arrives! These early days of autumn are an excellent time to take care of big home repair projects before shorter days (and in many areas, ice and snow) make outdoor work too difficult. We also suggest taking a look at how you can improve the energy efficiency throughout your home, and prevent damage from winter storms with proper tree care.

Here are our tips to get your home’s interior AND exterior in tip-top condition before the colder season, so you can rest easy knowing your home is buttoned-up and ready for winter!

Interior

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With summer just around the corner, it’s finally time to open your recreational property!

There’s no need to overwhelm yourself thinking about the cleaning, chores and making sure that nothing is left at home - we’ve compiled a simple checklist of tasks you need to do, so you can make the most of your opening weekend!

Before you go...

  • Electricity - Make sure your electricity is turned on. Plan to do this a week or two before you plan to open your property.

  • Insurance - Be sure that your property is insured and you know where the documents are. Don’t forget about other things too, like your boat and trailer.

  • Keys - Remember all the keys you’ll need. Track them down and make sure you bring them with you.

  • Toolkit

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Renowned as one of the best times to sell your home, the autumn we experience in the Alberni Valley is second to none - making it the ideal time to put your home on the market. Temperatures have cooled from the summer months, and families are back in routine; ready to tackle things they have been putting off during the summer, like beginning their home search!

Here’s why – and how - you should take the autumn advantage and list your Port Alberni or Sproat Lake home this fall.

Buyers mean business

Traditionally, people who are looking for a home in the fall are motivated, qualified, and ready to commit to a sale for the perfect home. They might be looking due to job relocation or another life change that is forcing them to move. They’ll also

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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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Fall is often overlooked as an ideal time of year to purchase a recreational property, but more and more savvy investors are catching on to the notion that the autumn months provide many advantages to buyers of all types of properties.

The chances of finding your dream summer property are in your favour during the harvest season – and here’s why:

Less Competition: the market won’t be cluttered with many other buyers, as most people will wait until the spring to look for their summer recreational property. 

Take Your Pick: many sellers will decide to squeeze one last season out of their recreational property, putting it up on the market during the fall months.

Motivated Sellers: sellers who put up the For Sale sign in the fall don’t want

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Many people think they live in the best place in the world. But, the truth is…WE DO!

Port Alberni is truly a hidden gem on Vancouver Island. After all, we’re located in the heart of an island on the Pacific Ocean; with an abundance of incredible lifestyle opportunities for an affordable price. Does it get any better than that?

Our booming real estate market is proof that we aren’t alone in our thinking! Flocks of people and families of all ages and backgrounds are coming to Port Alberni. Not only is it an affordable place to live and build a family, but we have a strong sense of community with plenty of amenities, like recreational facilities, local stores and markets, excellent schools, and more. Our community also boasts a deep-sea marina and

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