Quick Tips

1.       Good Photos Make A Big Difference*

Properties listed using photos taken with digital single lens reflex (DSLR) cameras sell faster and for more money than those taken with amateur point & shoot cameras:

  • Sellers in the $400,000 to almost $500,000 range earned an average of $11,200 more with DSLR camera photos.
  • In the $400,000 range, DSLR photographed properties sold, on average, 21 days faster than point & shoot ones.

2.       What do the January real estate statistics tell us?**

  • It is still a Buyer’s Market
  • The market is showing early signs of shifting to a more balanced market with the number of active listings reducing and the number of sales increasing.

3.       What are we finding?

  • This time of year, when there is less competition, (fewer listings) is proving rewarding for sellers. In January, we sold 75% our listings above full price.
  • This is a great market for those considering moving up to a larger home or a better area. Interest rates are still low (& forecast to rise), selection is good (& is getting better each month now) and prices are down (so you may sell for less but buy for less also)
  • This is also a good market for investors looking for a well-located buy in good condition while low mortgage rates are allowing better returns. Some properties are providing positive cash flow with the added potential of capital appreciation.

*Study by Redfin

**Victoria Real Estate Board MLS statistics