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Real Estate Update
In 2020 we were reminded that the most significant economic risks are the ones that “no one is talking about” because if no one is talking about it, no one is prepared!
THIS YEAR, WE ARE CLOSELY MONITORING TRENDS IN SUPPLY AND DEMAND, INTEREST RATES, UNEMPLOYMENT, AND IMMIGRATION, KNOWING THAT ALL THESE FACTORS WILL AID IN FORECASTING WHAT THE COMING MONTHS AND YEAR WILL BRING.
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2426 Andover Rd. listed for $7,988,800
It is becoming increasingly difficult to predict market behaviour, but one thing we know is that 2021 is already starting to shape itself very differently. With the combination of buyers who have been biding their time and new buyers from other parts of Canada, inventory levels remain low, resulting in a competitive buyers’ market and many multiple offer situations. Here is a snapshot of the current Fairwinds and Nanoose Bay area real estate market.
Current
Active listings.....8 | Highest listing price..$7,988,800
Past three months
Homes sold.......11 | Highest sale price....... $1,599,900
Past six months
Homes sold.... 33 | Highest sale price.......$4,150,000
Statistics supplied by Derek Gillette Personal Real Estate Corporation. Derek Gillette is a Realtor® with Gillette and Associates at eXp Realty and provides real estate services in the central Vancouver Island region. Current listings and values are accurate as of the date of publication.
