Happy New Year everyone! With a new year, brings new excitement in the Real Estate Market. Things always slow considerably in December and early January, so there’s always a big uptick in the market near the end of this month. However, there were still a few real estate sales during the holidays – typically from the really eager Buyers and Sellers. Overall, the Vancouver Real Estate Market was busier than last year, and it ended on a strong note in Kitsilano, and we expect this activity to continue through the New Year. Things typically take a little while to pick up, but by February, the market should be in full swing. The Sales to Active ratio including every market in Kitsilano is a strong 36%, which is the highest it’s been since 2011. Prices have remained fairly steady over the same time period.
Though you can expect a fairly slow month in every market, take a look at our market updates for more specific information, along with the most expensive and least expensive sales last month!
I always say, Kitsilano has an allure that will keep people interested, and that rings true again this year. We have a number of Buyers eager to find their ideal home in the neighbourhood, we’re just waiting for good properties to hit the market.
Automatic MLS Search – Don’t Miss a Good Listing!
One thing I want to point every one to is our “Automatic MLS” service that every Buyer will love! This tool will keep a list of properties that match your criteria (price, bedrooms, size, neighbourhood, construction, rental restrictions, etc) that you can access anytime, making your home search so much easier – you no longer have to search across the internet for your next home, as these properties will be emailed to you. You’ll also be able to see how long they’ve been on the market and what they sold for – two pieces of information every buyer wants – so you can keep tabs on the market. The best part is the LiveKitsilano Team is only an email or phone call away for more information. Take a look at our page for a screenshot and more information, along with your chance to Sign Up: Automatic MLS.
As always, contact the LiveKitsilano team if you have any questions. Real Estate is a big decision, so contact us to ensure you’re prepared to find the right home, for the right price. We’ll ensure you reach your real estate goals in 2015!