BC Home Sales to Exceed 100,000 Units for Third Consecutive Year

BCREA 2017 Second Quarter Housing Forecast
 
Vancouver, BC – June 19, 2017. The British Columbia Real Estate Association (BCREA) released its 2017 Second Quarter Housing Forecast today.
 
Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 10 per cent to 101,000 units this year, after reaching a record 112,209 units in 2016. Housing demand gained strength this spring, as some of the effects of federal and provincial policy efforts to tamp it down dissipate. In addition, strong market fundamentals continue to underpin an elevated level of home sales. The ten-year average for MLS residential sales in the province is 84,700 units.
 
“The province is in its fourth year of above-trend economic growth,” said Cameron Muir, BCREA Chief Economist. “Strong employment growth, consumer confidence and an influx of inter-provincial migrants are important drivers of the housing market this year.” In addition, with the millennial generation now entering their household forming years, the condominium market in major urban centres is experiencing pressure on supply.
 
The average MLS® residential price in the province is forecast to decline 1.1 per cent to $683,500 this year, and increase 5.2 per cent to $719,100 in 2018. The decline in the provincial average price is largely due to rising demand for more affordable condominiums and a larger proportion of home sales occurring outside the Metro Vancouver region. The supply of homes for sale is at a 20-year low in the province, with sellers’ market conditions prevalent across most BC regions and home types.
 
Call me if you would like more information on the current market or are thinking about buying or selling! Jane Johnston 250-744-0775

What’s Great About Your Neighbourhood?

When potential buyers view your home, they are just as interested in the surrounding area as they are in the property itself. So, before listing your home on the market, it makes sense to think about your neighbourhood and its key characteristics.
 
Here’s a good way to do that:
 
Imagine a relative from out-of-town coming to visit. She may say that she likes your neighbourhood, and wants to know what you enjoy most about living there.
 
How would you answer?
 
Would you talk about the friendly neighbours? Would you list the community events? Name all the local shopping? Describe the nice restaurants within walking distance? Or tell her about the local playground?
 
There are probably many things about your neighbourhood that make it great. What are the top three? Those are probably characteristics of the area that most buyers will want to know.
 
Your neighbourhood is a key selling feature of your property. I can make sure potential buyers understand its best features.That’s why it’s important to have me by your side, as your REALTOR®. Call today 250-744-0775
 
Article by Ixact Contact

2 Story For Sale in Metchosin, Metchosin

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•  2182 sqft , 2 bath , 4 bdrm 2 story FOR SALE  699000 CAD . Home Suite Home!
MLS® 379211

Home SUITE Home in the heart of Metchosin! Move in and enjoy country living. Extensive updates including a 7 year roof, all new light fixtures, new flooring and new paint throughout. Large living room with a wood fire place and picture windows. The kitchen has loads of cupboards including tons of counter top space with a breakfast bar, plus a formal dining space, great for entertaining. Spacious, bright back deck to enjoy your afternoon sun, which has stairs down to the fully fenced backyard. This home has tons of potential with it’s versatile floor plan, you can either have 2 bedrooms up and a 2 bedroom suite downstairs or 3 bedrooms for yourself and a 1 bedroom suite! The downstairs has a large living room with it’s own fireplace and separate entry, expansive kitchen and laundry area. Lots of extra parking on both sides of the house and room for RV. Just steps to the galloping goose trail and a short stroll to Taylor Beach. Move-in ready!

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The Problem With “Stuff”

The late comedian George Carlin used to have a routine called, “A place for my stuff.” He was referring to the idea that, besides being a place to sleep and eat, the purpose of a home is essentially to store all the stuff you accumulate over the years.
That may or may not be true. But, if you’re like most homeowners, you probably have a lot of stuff in your home… stuff in closets, and stuff in the garage.
That’s just what happens!
The problem, however, comes when you try to sell your home. What may seem to you like a comfortable home office filled with supplies, office equipment, books and papers, may look to a buyer like an uncomfortable, small and cluttered space.
That’s the problem with “stuff”. Too much of it, and it gets in the way of buyers seeing and appreciating the great features of your home.
So, when you’re selling your home, what do you do with all that extra stuff?
One solution is to have a garage or yard sale. (If you call it a “moving sale” you’ll attract more buyers.) This is a great way to get rid of the things you don’t need anymore – and, perhaps, make a few dollars!
Another solution is to give some of the items you don’t need anymore to charity. There are many local organizations that can make good use of second hand clothing, furniture, and toys.
Finally, for all of the things you want to hang on to, but are cluttering up your home, consider renting a locker at a self-storage company.
One thing is for certain. The more spacious and comfortable each room of your home appears to potential buyers, the more likely it is that they’ll see the true value of your property and become interested.
Want more tips for selling your home quickly and for the best price? Call me today 250-744-0775