March Cowichan Valley Market Stats are in!

Cowichan Valley Market Stats for the month of March are in and it remains a strong Seller's Market.

With a historically low inventory of only 80 active listings (opposed to 2020's 127) and rising prices, it remains a fantastic time for Sellers to list their property. With such a low inventory and many buyers still looking to purchase, most homes are selling above asking price with multiple offer scenarios being a commonplace.

VIREB President Ian McKay explains a huge contributor to the issue here in the Cowichan Valley: “The length of time it takes to get a development off the ground is a serious problem on Vancouver Island, which is becoming an increasingly popular destination for buyers of all ages,” says Mackay. “While our area has always attracted retirees, we’re seeing younger buyers more frequently than in the past.”

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We did it!

Huge Congrats to P & J on their purchase of this fantastic home in Duncan!! This was a slug-fest, but we persevered and achieved our goals! Well done and thank you for for patience and determination to not give up in this extremely challenging market!☺

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February 2021 Cowichan Valley Market Stats

Cowichan Valley Market Stats for the month of February are in and it remains a strong Seller's Market.

With a historically low inventory of only 49 active listings (opposed to 2020's 142) it remains a fantastic time for Sellers to list their property, even in these slower winter months. With such a low inventory and many buyers still looking to purchase, most homes are selling above asking price with multiple offer scenarios being a commonplace.

VIREB President Ian McKay explains a huge contributor to the issue here in the Cowichan Valley: “The length of time it takes to get a development off the ground is a serious problem on Vancouver Island, which is becoming an increasingly popular destination for buyers of all ages,” says Mackay. “While our area has always attracted retirees, we’re seeing younger buyers more frequently than in the past.”

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January 2021 Market Stats are in!

Cowichan Valley Market Stats for the month of January are in and it remains a strong Seller's Market.

With many buyers still looking to purchase and an extremely low inventory of only 75 active listings (opposed to last year's 135), there has never been a better time to sell your home. The average sale price has increased over $100,000.00 year-over-year!!

With multiple offer scenarios being a commonplace, most homes are selling above asking price (an average of 3% above asking price).

Call/Text Warren directly @ 250-893-9277 or email me at warren@getwarren.ca and let's get a gameplan together!

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