Ah, September.
Change is in the air. Did you notice it?
Other than the obvious rain we had yesterday, there are signs
that the summer is ended and real estate in Victoria is about to get
going. It happens every year, (except perhaps last year, but
for the last time, last August was ridiculously exceptional and
comparing it to anything, let alone this year, is a sucker's
game!), July and August slow down as people find better things
to do than think about a new home. A few Realtors jump off
bridges because they think it's the end of the world, marginal Realtors
go get "jobs" and the basement dwelling naysayers have a go at their
dire predictions. And then September, beautiful September
arrives. And those of us left, those professionals who
understand the ebb and flow of the market, start working overtime again.
My phone starting ringing at 9 this morning. People logged
back into their search sites that had been dormant for a few weeks,
emails started coming in and any thought I had of sneaking out for a
round of golf disappeared as my schedule for the week started to fill
out. You see, times are good here, Victoria is a beautiful
vibrant city, we have a wonderful climate and terrrific people.
If you're a buyer in the Victoria real estate market, you
should be happy as can be. Interest rates remain low and
inventory options are good. For the moment.
Because you, Mr. & Mrs. Buyer, are not the only ones who are
coming out of a wonderful summer and starting to think about real
estate. Thoughts naturally turn to house and home as we get
ready to send out kids off to school. More time appears in
the day and there is more time for thought and planning. We
see it every year, we know that the first few weeks of the month will
be busy as excess inventory levels get trimmed, either through sales or
seller reconsiderations. All through September we expect our
buyers to come back and our sellers to reconnect with proper pricing
levels for their homes. If you're looking to buy then get a
move on, try to get ahead of the crowd, stop waiting until everyone
else is buying. You have the opportunity to get great deals
in Victoria and the greater Victoria area, it looks like interest rates
will be holding and right now you have choice, and more importantly
time to make the right choice for you. That choice may
include not buying at this time, but let me tell you, you better get
going while the going's good!
In the meantime, cancel my tee time, I gotta go to work!
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RE/MAX West Realty Inc., Brokerage (Toronto) - Toronto, ON
LL.B., Broker
David,
Yes, today was busy in TO as well. I didn't cancel my tee time for tomorrow, just set in back 30 minutes.
Brian
Sep 01, 2010 02:19 PM
One Percent Realty Vancouver Island - Victoria, BC
I feel a little jealous, though of course my next round will have a lovely view of the ocean ;)
Sep 01, 2010 04:07 PM
One Percent Realty Vancouver Island - Victoria, BC
Hi Basement - thanks for the comments. You're right about where we are at so far this month - My clients and I are doing a lot of looking right now - but not pulling the trigger on anything. What I find most interesting is the pricing movement, granted small sample size and all. I do think that there are deals out there that will be good deals 1 year, 5 years and 10 years from now. I also think there are a whole lotta dogs in the market that make no sense on any time horizon. My job is to evaluate the specific deal and interpret it in the current market with an eye to the future. It's just as naive to say "there are no good deals" as it is to say "it doesn't matter what you buy you'll do well." I do know that I'm busier this month than last, we shall see how the fall shakes out.
Sep 13, 2010 09:47 AM
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