Paul Tedrick Real Estate - Market Update

June 2024 Real Estate Update

Posted on Jun 06, 2024

May 2024 in the Cowichan Valley

Statistics for Single Family Dwellings:

May, the Cowichan Valley saw the sale of 83 single-family homes, a slight decrease from 85 sales in May of the previous year, but a notable increase from the 62 homes sold in April. The market listed 144 single-family homes, a marginal decline of about 2% from the 147 homes liste...

May 2024 Real Estate Update

Posted on May 05, 2024

Welcome to my update on the 2024 spring real estate market. This season has witnessed a surge in activity compared to the previous year, marked by an uptick in sales alongside stable interest rates. However, the increased inventory has provided homebuyers with many buying options, resulting in a more deliberate approach to their home search. Proper...

April Real Estate Update

Posted on Apr 05, 2024

Hello everyone! As we step into the spring real estate market, it's worth noting that we're currently experiencing conditions slightly in favour of home sellers. This is primarily due to the fact that there is less than six months of inventory actively available for sale. According to BCREA's benchmark measures when inventory levels fall below this...

March 2024 Real Estate Update

Posted on Mar 07, 2024

The March real estate market is underway with a strong start and inventory continues to increase, a seasonal norm for this time of year. We are still in a balanced market at most price points, with the average days to sell last month at 55 days. Home buyer apprehension surrounding interest rates has found some stability with the recent decision by...

February 2024 Real Estate Update

Posted on Feb 05, 2024

As February begins, we enter an important period in the real estate market, a time of significant activity in the market. February is the precursor to the bustling spring months of March through June. Already, I've witnessed a notable uptick in both listing and showing activity, a trend projected to persist in the foreseeable future.

If you're conte...

January 2024 Real Estate Update

Posted on Jan 05, 2024

Happy New Year to you! Despite the uncertainties and high interest rates experienced in 2023, it's noteworthy that these factors did not significantly hinder annual sales. Throughout the province, sales remained relatively stable during this period, albeit slightly down for our Cowichan Valley. Many individuals are eagerly anticipating the upcoming...

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