According to an economist interviewed by the Globe and Mail, the Provincial real estate market is recovering well. The housing market in Fort St. John BC is one exception to Provincial stats, it has not experienced a slow down and the future is very bright. However, things are certainly getting better for the general market of British Columbia:
British Columbia’s real estate market is enjoying a jump in sales after last year’s slump, with average prices getting a lift from the increased housing demand.
There were 6,498 sales on the Multiple Listing Service (MLS) last month across the province, up 43.2 per cent from September of 2012, the B.C. Real Estate Association said Tuesday. The average price in September for B.C. resale properties reached $537,458, or an 8.8-per-cent gain from the same month last year.
Interest rates may temporarily influence the Provincial Real Estate market in general but in Fort St. John there is a housing shortage and the local market will continue to buck trends. The Fort. St. John MLS stats have proven this time and time again over the past 10 years. You may hear that housing sales growth is expected to slow in the months ahead as interest rates edge upward.
Sellers have to be more intelligent about the way they sell their homes in a unique market like Fort St. John. Some sellers feel that because it is a “Sellers market” they can ask any price and someone will buy it. This is not true, according to Scott Sauer from RE/MAX Action Realty, “The market always has options and overpriced property just does not sell, Buyers are motivated, not stupid”. The best way to get the highest dollar for their sale is to talk to Sauer and have him list it on the MLS in Fort St. John at the right price with his proven marketing system.
(Article Excerpt and Image From B.C. housing market makes big recovery from 2012 slump, The Globe and Mail, October 15, 2013)
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