You’ve heard it once, you’ve heard it a million times… there are many advantages to making a move in the spring; which is easily considered the busiest time of year to buy or sell a home!
As the weather warms up here in the Fraser Valley, more and more of our friends, family, and clients are asking us…
“Is now a good time to buy or sell?”
If you’ve been following the media headlines here in the Fraser Valley, you may be aware that our Spring market was off to a slow start this year; we experienced a 26.6 per cent decline over March 2018 – representing the weakest March since 2013 – but the “spring” in sales from February to March indicates a positive spring market ahead.
The benchmark price of a detached home in the valley sat at $963,100 in March, down 4.2 per cent over March 2018 but up 0.4 per cent from February.
For condos, the benchmark price sat at $418,000, down 5.1 per cent from March 2018 but up two per cent from February.
So what does all of this mean for buyers and sellers?
We thought we’d give you the same “intel” here that we’re sharing with our clients (and yep, everyone who asks us in the grocery store – seriously, it’s why we’re always forgetting what we were sent in for, right Tony?)
It’s an ideal time to be a buyer in the Fraser Valley – you’ve got plenty of inventory to choose from, which means you’ll be less likely to go into a bidding war situation, and you may even have some flexibility on your closing terms and conditions.
If you’re selling, the onus is on you and your Real Estate team to present your home to the market in its BEST condition; priced properly and with a strategic marketing plan in place. It will need to stand out from the others – ask us today about our traditional/digital marketing plans we offer as part of our listing package!
Whether you’re buying, selling, or both, your professional team of experienced Real Estate professionals will assist you in getting maximum dollar for your investment.
When you buy or sell with the Pontaletta Group, you benefit from the combined experience of our entire team – the right fit is out there for everyone, and we can help you find yours.
We are proud members of the Fraser Valley community, and we know these neighbourhoods in and out.
So please, give us a call today! 📲 604.533.3491