Strong Sales Lead to a Sturdy Market for Sellers

Posted by Dave Koszegi on Friday, October 30th, 2015 at 1:34pm.

Port Alberni and Sproat Lake are some of Vancouver Island’s gems – a small town that offers residents everything from outdoor adventure, boating and fishing, to restaurants, nightlife and shopping. Homeowners know that it provides everything they need, and here at the Dave Team, we are seeing that the Port Alberni and Sproat Lake Real Estate market is thriving with more and more out-of-town buyers. 
 
2015 has been busy. In October, we handled three times more volume than in October 2014. This is evident by the number of sold signs around Port Alberni and on the lake.  Just like the area, we’re growing and working with more buyers, helping them find and buy their dream home. And hey, who wouldn’t want to live here?
 
The MLS benchmark price for a single-family home in Port Alberni rose 1.81% since fall 2014. The market saw a change of 70% in unit sales from September 2014 to September 2015 – the highest on the Island. 
 
Fall 2015 is proving to be the ideal time to list your home. With less competition (i.e. other listings on the market), your home stands out and doesn’t stay on the market long. Autumn buyers are typically qualified (to be buying in the chillier months, you have to be serious!) and motivated to buy before the holiday season. If they’re looking now, they have to move; resulting in a speedier process for everyone involved.
 
It’s clear; real estate in Port Alberni and Sproat Lake is on the rise! 
9866 Stirling Arm Cres, Port Alberni  (see full listing info here)
 
Wondering how much your Port Alberni home is worth? Call the Dave Team today to learn more about buying or selling in our local market: (250) 723-7653 

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