Vancouver Island Real Estate News from Charlotte Kersting August 2019   
  Real Estate News




Charlotte Kersting
Sales Representative

314 Island Hwy
Parksville, BC
250-729-6377
www.DaleRumming.ca


 
It’s important to create a thorough plan prior to moving day for both you and your pet’s sake. This month’s article shares a few strategies that will help keep your pets at ease during this stressful time.

There are also a few great ideas to help transition your family back into the school routine as well as a delicious, healthy frozen treat that’s perfect for these hot summer days!

Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general. It'd be great to hear from you!

Charlotte

In this issue...
Vancouver Island Real Estate Market Update 
Vancouver Island home sales are holding steady.

Sales of single-family homes in July board-wide rose by three per cent year over year and were 12 per cent higher than in June.

Last month, 453 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 406 the previous month and 438 in July 2018. Sales of apartments dropped by 14 per cent year over year while townhouse sales increased by 22 per cent.

REALTORS® are reporting that housing sales are steady, even brisk in some areas, but certainly less robust than they were in 2016, 2017, and 2018. Weaker housing demand has contributed to an increase in total active residential listings across the province.

In the VIREB area, inventory of single-family homes in July rose by nine per cent from one year ago (1,419 to 1,552). Active listings of apartments climbed by 30 per cent (292 to 381) year over year but townhouse inventory decreased by 10 per cent (217 to 195).

Prices in the VIREB area are still rising, but they are softening compared to the price increases posted during our long-running sellers’ market. The benchmark price of a single-family home was $513,700 in July, a three per cent increase from one year ago and slightly lower than in June.

In the apartment category, the year-over-year benchmark price rose by five per cent, climbing to $302,600, but was slightly lower than in June. The benchmark price of a townhouse rose by two per cent, hitting $410,600 last month, the same price as in June.

Regionally, the benchmark price of a single-family home in the Campbell River area last month was $434,300, an increase of six per cent over July 2018. In the Comox Valley, the benchmark price reached $516,200, up by two per from one year ago. Duncan reported a benchmark price of $472,000, an increase of two per cent from July 2018.

Nanaimo’s benchmark price rose by three per cent to $556,400 while the Parksville-Qualicum area saw its benchmark price increase by two per cent to $588,500. The cost of a benchmark single-family home in Port Alberni reached $322,500 in July, an 11 per cent increase from one year ago.

Although month-over-month price fluctuations are less useful for anticipating trends, it is interesting to note that several zones did experience small price reductions on single-family homes from June, including Campbell River, Comox Valley, Nanaimo, and Parksville-Qualicum.

Trend-wise, VIREB’s housing market has transitioned from one favouring sellers to one that is balanced. Kevin Reid, 2019 President-Elect, reports that sellers now recognize that the market has shifted and are pricing their homes accordingly. However, he notes that the release of home assessments has caused some confusion among homeowners, who are not always aware the assessed value reflects trends that are several months behind the current market value, which is frequently lower.

“Whether you’re a buyer or seller, a REALTOR® can help you cut through the fog of confusion around home prices,” says Reid. “We have access to tools and market analytics that allow us to determine an optimal selling price for your home and help you find a house that fits your needs and budget.”

Make Your Move, For Pet's Sake 
Pets feel the stress of moving just like any other family member.

When you move, it’s important that your pets feel relaxed and content. Here are a few tips to help ensure your move goes smoothly:

  1. List It - Create a detailed checklist to help avoid any last-minute stress that your pets may pick up on.


  2. Vet the Vet - If you’re moving out of town, ask your vet for a referral and make sure to update your pet’s tags and microchips with your new contact details.


  3. Old Habits - Stick to their usual routine as much as possible before, during and after the move to help keep their anxiety at bay.


  4. Keep Calm - Have someone look after your pets on moving day but if that’s not possible, set them up in a quiet room to help keep them calm.


  5. Doggie Bag - Prepare a well-marked and easily accessible overnight bag with everything you need to help keep your pets happy and relaxed.

  6. Changing Room - Cats especially don’t like change so once you’re in your new home, set up a room with all their familiar essentials so they can slowly get used to their new surroundings.

Once you’re all moved in, give your pets lots of extra TLC to help calm their frayed nerves! Also, don’t forget to pet-proof your new home and do a quick sweep to make sure there aren’t any poisonous pest control traps left lying around by the previous owners.

Back to School Survival Tips 
Those “back to school” days are right around the corner!

Adjusting to “back to school” mode can be a breeze if you prepare in advance and set up a regular routine. Here are a few tips that will help make the transition a little easier:

  1. Back to Bedtimes - Your little night owls will benefit from having bedtimes rolled back a few weeks before school starts.


  2. Post It - Designate a central “information station” where schedules are posted and school notes can be processed.


  3. Chore Change - Responsibilities may need to be adjusted depending on the types of chores and the new morning routine.


  4. Preplan - Get in the habit of doing as much as you can the night before. The morning routine will be much smoother if you lay out clothes and make lunches in advance.


  5. Child Support - Returning to school is an emotional adjustment for children so help them stay positive and ensure you’re around to help put them at ease.

Back to school doesn’t have to be about forgotten lunches, unlabelled belongings and lost permission slips. With a little organization and planning, you'll be able to enjoy the rest of the summer knowing that September will be smooth sailing.

Frozen Grape Treats 
Frozen grapes make a refreshing snack that curb candy cravings!

Frozen grapes are a natural healthy food choice that contain potassium, pectin and vitamin C. The best part is they’re a cinch to prepare! Here's all you need to do:

  • pull the grapes from their stems
  • wash and pat dry with a paper towel
  • place on a cookie sheet and freeze

Frozen grapes are like mini popsicles without the artificial ingredients! You can even use them as ice cubes in your summer drinks to help fancy things up without watering them down. Enjoy!



PS Are you sick of scouring the web looking for homes? Tired of playing telephone tag with agents only to hear the home's already sold? Let me introduce you to my Private Client Server - complete with a password for you alone! Sit back, relax and let me do the work for you! Whenever a home matching your criteria hits the market, it'll be automatically flagged and emailed to you so you'll never have to worry about missing your dream home.


 

Properties are best discovered through conversation and more importantly, physically visiting the properties. Both can be arranged by contacting me directly.   

Not meant to solicit clients already under contract.