May 9, 2009

Spring in Victoria is here - flowers and blossoms are in full bloom and the weather is warm and sunny.  What a perfect part of the world to live in!

And what's happening in Real Estate?  April saw a significant increase in sales with a total of 747 properties sold, which is only slightly lower than last year.  And of course last year was a boom year so direct year over year comparisons are not 100% valid.  May has started of strong and all indications are that it will continue that way.  There have been a number of multiple offer situations on well-priced properties.

And that's the secret - properties must be well-priced in order to sell.  There are still a lot of properties out there for sale, which makes it very competitive and price is, of course, a significant factor. 

But it shouldn't be the only factor.  For anyone buying a home price plays a role but more important, is it the right house for you at this point in your life -- does it fit your personal and family needs now and for the forseeable future?  That is the most important consideration. 

Carol Crabb
    

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