Deep Cove is paradise and its market has been very hot for
quite some time but for anyone working in this industry, it has been clear for
a while that the real estate frenzy has subsided in most
neighbourhoods...although we are still getting multiple offers on the lower end
properties in the hot neighbourhoods. Even on properties which just a few
months ago would have sold in an instant, buyers are taking their time deciding
whether to buy or not. You will have noticed more for sale signs in the
Cove recently. But all is not lost yet-on one of our recent sales on Cove
Cliff, the house had been on the market for months and then suddenly we had two
offers on it!
Now more than ever it is critical to price sharply-some
overpriced listings aren't getting a single call.
Greater Vancouver sales volume has dropped by 31
I am currently trying to sell a view house in the Okanagan-and of course the
front page of the Sun today talks about how the hardest hit areas are the
Kootenays and the Okanagan.....and apparently these were the hottest markets in
the province last year....hmmmm...guess I should have sold it last year!