Paul Tedrick Real Estate - Market Update

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...

October 2023 Real Estate Update

Posted on Oct 05, 2023

I trust this message finds you well and that you enjoyed a splendid Thanksgiving. Following are the sales statistics for the Cowichan Valley for the month of September. As of today, October 10th, I've noticed a rise in market activity, a typical occurrence for this time of year. Typically, the market gains momentum a few weeks after Labour Day.

I'm...

September 2023 Real Estate Update

Posted on Aug 07, 2023

Hello, and dare I say, welcome to the beginning of Fall. August lived up to expectations of being a slow month in general but I see signs of the marketing beginning to gain a little steam! Typically the market quiets down in August as families travel on holiday and prepare to return to school. The real estate market tends to pick up after Labour da...

July 2023 Real Estate Update

Posted on Jul 05, 2023

Good day, and happy summer to you!! June has been a pretty active month for real estate, as it traditionally is. The past two weeks has seen some slowing in the market as the spring real estate cycle has shifted into the slower summer market. With a lot of homes on the market creating more choice for buyers, sharply priced homes are selling.

There...

June 2023 Real Estate Update

Posted on Jun 05, 2023

We are certainly having an active spring market here in Cowichan Valley and Victoria. The market is not as active as the past few years, thou properly priced homes are selling. I’ve been involved in a handful of multiple offers in the past few weeks, and while not the norm, competing bids can occur on desirable homes. Generally, buyers have more ho...

April 2023 Real Estate Update

Posted on Apr 05, 2023

The current spring market is slowly picking up as expected in Cowichan Valley and Victoria. Canada wide, headlines indicate, “Canada’s largest bank is expecting a slow start to the spring housing market as higher interest rates keep many buyers out, despite a drop in prices states Neil McLaughlin, head of personal and commercial banking at Royal Ba...

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