November Market Update

November Market Update

VIREB Chair explained, "November didn’t hold any surprises, as we get close to Christmas the market usually slows down considerably. There is undoubtedly demand out there, but high interest rates are deterring many buyers from moving forward. Many potential buyers seem to be opting to wait until spring, with the hope that rates will come down. The BCREA anticipates that Vancouver Island Real Estate Board will close the year with around 7,100 sales, the lowest number posted since 2013."

Barnes Price Improvement!

💥Price Improvement!💥
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💲3,887,000.00
📍1179 Barnes Road, Crofton, BC
🛏x3 🛁x4
🌊Oceanfront
🌳4.77 Acres
📏3594 Sq.ft. main home
🔨Built in 2015
🗓Info: getwarren.ca/1179-barnes
📞250-893-9277
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Proudly presenting one of Vancouver Island’s finest oceanfront properties. This architecturally-designed, executive 3-bed, 4-bath home /w triple garage sits on a subdividable 4.8 acres of beautifully landscaped land /w 240ft of waterfront. Take the path to the beach for a swim, sunset walk, or clam-digging, or build your equestrian paradise. The grand foyer entrance transitions to the living room /w fireplace and coffered ceilings. The custom kitchen, maple cabinetry, high-end appliances, and granite throughout the home. The luxurious primary bedroom contains a large chandeliered walk-in closet and porcelain-laid ensuite /w double sinks, stand-up jetted shower, & soaker tub. Upstairs you’ll find 2 executive bedrooms (each /w ensuite and one /w office/gym room & other /w hidden spa), and family room /w sundeck. The workshop is designed to be easily converted into a guest cottage with RV hookup. You simply will not find another property of this elegance on Vancouver Island.
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For more information call/text Warren at (250) 893-9277 or email warren@getwarren.ca

September Market Update

September looked like a relatively typical fall market but was somewhat slower than expected, so higher interest rates could be catching up with us. Potential buyers seem to be holding out for more favourable rates and conditions. The sellers’ market Vancouver Island experienced for the past few years has transitioned to a balanced market although it appears to be moving to one that favours buyers.

Sellers should consider adjusting their expectations if they hope to sell their home in a reasonable amount of time, but with the right game-plan and marketing we can achieve the best results possible.