New West Condos – Buyers Are Back!

ATTN: NEW WEST CONDO OWNERS – BUYERS ARE BACK!

The market is heating up!! 

Inventory is low, buyer demand is up, and multiple offers are back!  Currently we are seeing good opportunities to upsize to a larger condo, townhouse or house.  Condos in the lower price points are very active, while houses and higher price points are lagging behind as there is less demand, for now.  If you’re considering an upgrade, this is a great time because the gap in prices has narrowed.

Last year we experienced a down year for our local real estate.  Last March (2019) was historically slow as the headlines read ‘Vancouver home sales hit 33 year low!’.  However, as the year progressed, buyer activity increased. July was the turning point where sales started outperforming the previous year (2018) and we finished the year off very strong with home sales in December up 88% compared to December 2018. 

We expect a busy year ahead, particularly for condos and townhouses where the more affordable price points have a higher demand. It’s early in the year, but so far we have experienced more multiple offers and quicker sales. 

If you are thinking of making a move this year, we would love the opportunity to meet with you, answer all of your questions, share our thoughts and help you make an informed decision.

Contact us today for your free home evaluation!