Paul Tedrick Real Estate

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...

February 2024 Real Estate Update

Posted on Feb 05, 2024

As February begins, we enter an important period in the real estate market, a time of significant activity in the market. February is the precursor to the bustling spring months of March through June. Already, I've witnessed a notable uptick in both listing and showing activity, a trend projected to persist in the foreseeable future.

If you're conte...

January 2024 Real Estate Update

Posted on Jan 05, 2024

Happy New Year to you! Despite the uncertainties and high interest rates experienced in 2023, it's noteworthy that these factors did not significantly hinder annual sales. Throughout the province, sales remained relatively stable during this period, albeit slightly down for our Cowichan Valley. Many individuals are eagerly anticipating the upcoming...

December 2023 Real Estate Update

Posted on Dec 05, 2023

I trust this message reaches you in good health as we approach the Christmas season. November sales have demonstrated a commendable performance, aligning closely with, and even slightly surpassing, the figures from the previous year. For a more in-depth analysis, please continue reading to explore detailed statistics on Cowichan Valley sales, updat...

November 2023 Real Estate Update

Posted on Nov 05, 2023

Greetings!

As autumn progresses swiftly, the momentum in real estate sales has decelerated. October in Cowichan Valley and the broader province has witnessed a slowdown influenced by various factors. The customary dip in the fall market, coupled with the impact of elevated interest rates, has resulted in a reduced pool of both home buyers and seller...