🏡 Tsawwassen Detached Market Update - October 2023 🍂
As the leaves fall and we embrace the cozy vibes of Autumn, it's time for your monthly Tsawwassen Detached Market Update! 📈🍁
📊 Market Balance:
October Tsawwassen Detached Housing has witnessed a balanced market with a sales ratio of 12%, sitting at the lower end of the range of 12-20%. This balance is a promising sign for buyers.
🏠 Inventory & Sales:
The inventory has shown a modest increase, with listings rising from 91 in September to 99 in October. On the flip side, sales have experienced a 54% decline, dropping from 26 sales in September to 12 sales for October. While the market remains active, this shift may offer opportunities for buyers.
💰 Pricing Trends:
On average, homes are selling at just 1% below the list price, making it a favourable situation for sellers. However, if you're looking to sell or buy in the price band of $1.5 - $1.75 million, it's worth noting that this range is a seller's market with a sales ratio of 31%, indicating higher demand.
👥 Buyer's and Seller's Highlights:
* 🛒 Buyers found their best deals in the $2.25 to $2.5 million range in Cliff Drive and Central Tsawwassen, making it a prime spot for those seeking value.
* 💼 Sellers, on the other hand, were in luck in Pebble Hill, where they enjoyed the upper hand in the market.
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The Tsawwassen Detached housing market continues to be dynamic and adaptable, catering to various preferences and budgets. Whether you're buying, selling, or just staying informed, it's crucial to consider these trends as we move through the autumn season.
Stay tuned for next month's update, and if you have any questions or need expert guidance, don't hesitate to reach out. Your trusted real estate advisor is here to assist! 🏡💼🍂
👉Buying a home: www.colleenalm....
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19 ноя 2023
