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REAL ESTATE UPDATE: Tight Market Conditions Prevail Around the Province

Vancouver, BC – July 14, 2016 The British Columbia Real Estate Association (BCREA) reports that a record 12,906 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June, up 14.3 per cent from the same month last year. Total sales dollar volume was $8.97 billion in June, up 25.7 per cent compared to the previous year. The average MLS® residential price in the province was up 10 per cent year-over-year, to $694,925.​ “Robust housing demand in the Lower Mainland, Vancouver Island and the Okanagan drove sales growth in June,” said Brendon Ogmundson, BCREA Economist. “At the same time, the inventory of homes for sale continues to slide lower, creating very tight market

How to Prepare Your Home for Sale Tip No. 7

Make Minor Repairs Don't give buyers any reason to remember your home in a negative way Patch holes in walls Replace cracked floor or counter tiles Fix leaky faucets Fix doors that don't close properly and kitchen drawers that jam Consider painting your walls neutral colours, especially if you have grown accustomed to purple or pink walls Replace burned out light bulbs If you have considered replacing a worn bedspread, do so now!

 

​JOHN KNOX - REALTOR®/OWNER, President  | Fair Realty | Nelson, BC | (p) 250.777.2500 | (e) john@johnknox.ca

© 2010 - 2018 by John Knox Personal Real Estate Corporation  | Photo of Nelson courtesy of Dave Loewen