Summer has arrived with a vengeance, offering up some super hot weather for us to enjoy. If you wonder how I can say ‘enjoy’, remember last winter?
Our local real estate market is offering much the same attitude. We are still low on inventory of properties for sale, and there are quiet a few buyers in the market looking for just the right house. Right now, I am sure the perfect home for me would have a pool in the backyard.
The economy is steady, offering comfort to those who have been sitting on the fence and encouraging them to make a decision to invest in a home. The Bank of Canada hasn’t increase the lending rate, and for a change the media has been reporting promising information. Instead of predictions of doom and gloom and bubble bursting, the media has headlines such as
“Bank of Canada sees housing market on ‘sustainable path’’
“Canadian housing market rebounds as prices rise”
“All’s fine on the Canadian homefront”
With these indicators from our traditional nay sayers, there is no wonder that the real estate market is enjoying a buoyant summer.
If you are considering putting your house on the market, now is a great time to take action. The average days on market for a home are down from last month, and the average sale price is up. And, there are motivated buyers in the market.
If you are looking to buy a home, interest rates are still at very affordable, historically low levels. A word of advice to home buyers – if you are viewing homes and see one you really like, MAKE AN OFFER. Well priced homes sell quickly, which does not always give buyers the opportunity to ‘go home and think about it’. If your REALTOR® is suggesting you need to make an offer, they are not trying to push you for their sake, they are trying to ensure you get the home you want without waiting to be one of many competing offers, and possibly missing out.
If you are planning to buy or sell, as always, one of our Coldwell Banker Pinnacle sales professionals would be a great choice. Our Ultimate Service ® Guarantee offers you piece of mind when you are buying or selling what is often your most costly asset. We will provide you with service to fit YOUR needs, and if we fail, you can fire us. No one else offers that piece of mind.
In addition to Ultimate Service® our sales professionals are some of the best trained ones in the business, and they always put your needs first.
Call one today, and experience the difference working with a Coldwell Banker Pinnacle representative makes.