Despite a number of government-led factors designed to cool demand, 2017 was another active year in most Metro Vancouver markets. I can personally attest to this, having had an incredibly active year myself. Just this past month - four multiple offer situations!
I wouldn't suggest listing your home this late in the year. If you're thinking of selling, however, it wouldn't hurt to be first out of the gate in early 2018. By the third week of January we’ll begin to see stirrings of activity again after the holiday lull. Listing your home in early February can attract those eager, serious buyers who are keen to buy – because they’re eager to get into a home, and/or want a jump start on other buyers entering the spring market. I already have a couple of listings queued up for February.
The flip side of listing and selling your home early is that you’ll be buying your next home in a marketplace with more choices coming on the market every day as we move into spring. With a sale already booked on your current home, you can act decisively when the perfect next home appears. With your exact sale proceeds known, and financing sorted based on your net proceeds, you'll be in a strong position to make a compelling offer.
2017 was another year of change and uncertainty in the Canadian real estate market. More changes are on the way for 2018, as various levels of government continue their attempts to influence the market. It's difficult for anyone to accurately predict the true longer-term effects of these measures. Suffice to say, I'll be here to help you successfully navigate our changing real estate landscape.
Thinking of selling or buying in 2018? Email or call me at 604-328-9006 any time to discuss the right strategies for your situation. Get the experience that comes with 16+ years – and 600 homes sold! – working for you.
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To my faithful e-news readership; my clients; my friends and family; my colleagues: A heartfelt thank you for your continued support this past year. All the best to you and yours, and may 2018 bring you much happiness, good health, peace and joy.