Welcome to the Homes On The Sunshine Coast Blog
It is another mild December day today but the 5 day weather report this morning had that 'snow' word in it so....
The Real Estate business is busy! We are busy with both buyers and sellers, the timing is good for those who are looking to buy or sell in today's market. The following is an update from the BCREA's (British Columbia Real Estate Association) Chief Economist Cameron Muir:
".... "Improved economic conditions and low mortgage interest rates have contributed to a 46 per cent increase in home sales since July,” said Cameron Muir, BCREA Chief Economist. Employment in BC eclipsed the July 2008 record by 2,600 jobs last month, while the unemployment rate dipped to 6.9 per cent, the lowest recorded since January 2009.
"The inventory of homes for sale has trended lower since last spring, improving market conditions in many areas of the province,” added Muir. Vancouver and Victoria climbed back into balanced market conditions in last month...."
What does this mean to you if you are a buyer? The predictions are that housing prices will gradually increase along with interest rates. If you are looking for a new home or property, your economic interest is likely best protected if you act now rather than wait.
If you are a seller, many serious buyers are watching the market carefully and are looking for the right property. We spoke to a number of buyers this past weekend at our Open Houses and all but one were actively looking for the right property to purchase now.
Sold signs are still going up all over the Sunshine Coast but particularly in Gibsons and Sechelt. If selling is your goal, now is a good time to have your house on the market and available to potential buyers.
Shay and I will take family time in the holidays but our working doors will remain open. We look forward to talking with you about your Real Estate goals and helping you to realize them. Give us a call for an appointment during the holidays.
Barbie and Shay
Shay 604 989.9888
Barbie 604 741.1239
Reaching YOUR Goals is OUR Mission