See video here
Recently, I met a home seller in a nice area of Victoria. Her home was similar to one property down the street in configuration, size and age. It was not similar in condition: hers was dated, worn, smelly (wet dog!) and presented itself poorly.
She was not able to understand the difference in homes and consequently expected the same amount for her home as the other (which has not yet sold so may actually also be overpriced- this is another story altogether!).
Luckily for me, I had 2 $20 bills in my wallet of similar different condition and showed her how 2 items of identical value can have completely different reactions in the marketplace based on condition. She understood fully after the demonstration!
View Tony's weekly video here
| | MTD | January |
| | 2012 | 2011 |
| Net Unconditional Sales: | 240 | 339 |
| New Listings: | 717 | 1,187 |
| Active Listings: | 3,456 | 3,283 |
I was surprised to see these stats, considering the snow surprise the region encountered last week. As you are likely aware, our little town shuts down at the slightest sign of white flakes with schools closed and businesses on hiatus.
That being said, remember that sales take 7-14 days to be confirmed so many of the week's sales will have originated just before the snow. As a result, we may see a softer coming week however the market is not dead! Even during the week of snow, our phones were busy with people wanting to buy or sell Real Estate.
Stay tuned for next week's stats!
Tony
tony@tonyjoe.ca
http://www.tonyjoe.ca/
Monday, January 16, 2012 8:00am
| | MTD | January |
| | 2012 | 2011 |
| Net Unconditional Sales: | 154 | 339 |
| New Listings: | 497 | 1,187 |
| Active Listings: | 3,428 | 3,283 |
There's lots of activity out there, even though the numbers may not give that impression. Looks like we will (again!) exceed last year's sale figures but the dusting of snow we've had has definitely caused a few rescheduled appointments or delays in activity.
We are fielding many calls from owners who put off listing their home for sale in 2011, being ready to go now. As a result, the inventory for January will again be high- many options for those looking to buy!
Perfect family townhouse just around the corner from UVIC, schools and close to shopping and amenities. Quality built in 2004 and well kept. Call us for more info at 250-370-7788 or info@tonyjoe.ca. A sound investment with rental ability as well!
Media link here
