Homebuyers need to have all their ducks in a row when they are on the hunt for a home these days.
That’s because, according to Nanaimo realtor, Kaye Broens of a shortage of listings.
Broens says buyers need to be ready to move quickly if they see a home they like…..
Broens says demand continues to outpace supply and well priced properties are being snapped up almost as soon as they hit the market, many times for over the list price….
Broens says the market is such that sellers are reluctant to sell their homes because of concerns they won’t be able to buy another one.
House prices are still rising and there have been increases in every zone.
The May 2017 benchmark price for a single family home in Duncan is up 15 per cent to 366,200 dollars when compared to May 2016.
The May 2017 benchmark price for a single family home is up 21 per cent year over year to 473,400 dollars. The benchmark price for a single family home in Parksville/Qualicum is up 18 per cent year over year to 491,500.