Real Estate Qualicum Beach Parksville & Area to Nanoose Bay Newsletter October 2013

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Real Estate Qualicum Beach Parksville & Area to Nanoose Bay

  • Photograph of Tom Whitfield
  • Parksville Qualicum Beach REALTOR®
  • Published: Oct 1st, 2013 at 6:25 pm

REAL ESTATE NEWSLETTER OCTOBER 2013
NANOOSE BAY TO QUALICUM BEACH & AREA
VANCOUVER ISLAND, BC
Greetings,

We’ve seen a healthy amount of demand in the market place this year and currently have a more balanced inventory, therefore a stronger market than last year. Single family sales in September showed a 27% increase over the previous year. Year-to-date sales activity has grown by 10% over last year. People should not confuse stronger sales activity with rising prices. Home prices have been quite stable and consistent for much of this year. For instance, the average single family sale price on a year-to-date basis is about $375,000, the same as last year. It is interesting to see a significant increase of 28% in year-to-date sales of building lots. This may in part be due to BC having dropped the 12% HST, as of June 1, 2013, and going back to the 5% GST. This tax change impacts new home construction. Overall sales are up for patio and apartment style condos but down for townhomes. So all-in-all we’ve experienced increased sales activity in 2013 while prices have remained steady.

WHY USE RE/MAX:
• RE/MAX agents have earned No. 1 market share in Canada every year since 1987, and every year in the U.S. since 1997.
• RE/MAX agents nationally, sell more than No. 2 Royal LePage or No. 3 Century 21 or No. 4 Coldwell Banker (according to unbiased, independent third party research).
• RE/MAX agents locally, are more productive than No.2 Royal LePage or No. 3 Coast Realty (according to unbiased, independent third party research).

Helpful changes to Tom's Website have been made in order to make navigating easier.

Visitors can now sort listings by community and by property type. This helps streamline search queries. When looking at a particular set of property photos, users can go from “photos” to the list of properties in your chosen community by clicking “Back to (Community) Listings” in the upper left corner (above the price). We have also loaded many new photos under the “Community” tabs and in the “Photo Gallery”. Enjoy!

The following article offers an interesting perspective concerning demographic trends and so-called “trickle-up economics”.

Trickle-Up Economics
Smead Capital Management, August 22, 2013

“Major Magazines have a history of putting a topic on their cover at the end of a long-term trend. For example, “The Death of Equities” was a Business Week cover in late 199, near the end of a miserable stretch in the US stock market. Time’s recent cover story, “The Childfree Life”, got us wondering about the economics of childbearing in the US? Does Time’s cover mark the end of a trend?”

See more of article at AdvisorAnalyst Views

Central Vancouver Island Market Statistics:
See Market Trends
See Monthly Sales

What’s New on the Web:
I have recently added many new photos to the website. Check out the area photos under the Communities tab. You may also enjoy the Local Photos Slideshow under the Photos/Video tab. Enjoy! Many of these were taken by the award-winning photographer, Linda Matteson-Reynolds. Thanks again Linda!

Remember, if you don’t see the listing you want on the website, please let me know and I will find it for you. Also, if you are coming out to house-hunt, please let me know ahead of time and I will schedule time to show you suitable properties. And a hearty THANK YOU to all my past clients. Remember, I am never too busy for the referral of your friends and family.

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