Elevation of Home Prices in Whitehorse, Yukon

Chris Meger (RE/MAX Action Realty) — Mon, 20 Jun 2011 21:27:24 -0700

As a professional in the field of Real Estate Marketing, I get asked almost daily… “How high can housing prices go in Whitehorse?” The reality is that there is no one simple way to answer this question. In fact several elements of the marketplace need to be examined prior to conclusions or predictions being made. Next time you’re out with your buddies or sipping on some wine with the girls and the topic of Whitehorse real estate comes up, keep this in mind… The simple straightforward law of supply and demand can be held largely responsible for the current state of housing prices in Whitehorse and the Yukon. One who lives in Whitehorse or anywhere in the Yukon for that matter knows all too well the direction pricing has gone in the last 10 or so years. Elevated demand, low interest rates and a strong economic outlook compounded with global factors influencing investor decisions to hedge on gold; we continue to see adjustments upwards in our housing market. The current trend of elevated pricing on homes in Whitehorse and throughout the Yukon compounded with a profound shortage of lots available to build on within the City of Whitehorse, and you have the multifaceted recipe for where the current market is situated today - all time highs! Although measures and strategies are in place to alleviate the shortage of lots within the City of Whitehorse, we are still months to years away from seeing the immediate impact on housing prices in the Yukon, if any at all! Interest rates are to remain stable into early fall and and our immediate shortage of housing will remain relatively unchanged leading into the new year. Growth projections are steady and demand is high. What does all of this stuff really mean...? In understanding what factors influence housing prices, and looking at historical data in similar regions one can better prepare themselves to make sound, prudent decisions that will help you in meeting your overall objectives. As a real estate professional I help to make sense of some of the issues most important to the purchase or sale of real estate in the Yukon - without unfounded opinion or bias in either direction. After-all, real estate is one of the most significant investments one can make in any market. For more information on market data specific to your neighborhood, please contact me today! Chris Meger Real Estate Agent RE/MAX Action Realty www.chrismeger.ca

Elements of FEAR in a Real Estate transaction...

Chris Meger (RE/MAX Action Realty) — Sun, 15 May 2011 17:05:46 -0700

Individuals selecting their Real Estate Agent want to feel confident in that they have chosen a real estate professional who is knowledgeable, and hard working, with a commitment to understanding their buying and selling needs and giving 100% towards satisfying those requirements. An individual who reads between the lines and can get the most out of their clients, in an effort to give as much back to them as possible.

Often hidden deep down in a client or customer, there may be a precieved fear of elements to a transaction which could include the listing or purchase and sale contract, fear of making the wrong decision, fear of owning two homes, fear of rejection or maybe a fear that you've chosen the wrong REALTOR®.

As a fear is discovered, I as a REALTOR® help to identify and lay out a strategy to effectively overcome such concerns. Once fears and concerns have been addressed and overcome, clients and customers alike will be left with a strong desire and motivation to accomplish their goals. This vital process is often overlooked in a high pressure sales environment leaving room for fears to overshadow the excitement and happiness of buying or selling your next home.

Chris Meger

REALTOR®

RE/MAX Action Realty

Whitehorse, Yukon Canada

Chris Meger's Blog

Elevation of Home Prices in Whitehorse, Yukon

Elements of FEAR in a Real Estate transaction...