Paul Tedrick Real Estate - Market Update

August 2024 Real Estate Update

Posted on Aug 07, 2024

Hello, and Happy August!

While August traditionally brings a slowdown in real estate as many take their summer holidays, I'm still noticing plenty of market activity. There are many new listings, offering prospective buyers a wider range of options.

For Landlords: It's important to note that the government will be amending regulations later this mont...

July 2024 Real Estate Update

Posted on Jul 05, 2024

I hope this finds you all well and enjoying the summer! There is a lot happening in real estate right now. Depending on the price point of a specific home, we are fluctuating between a balanced market and a buyer’s market. While British Columbia is in a balanced market, with just over 7 months of home inventory for sale in June, the Cowichan Valley...

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...

View Older Posts View Newer Posts