The Victoria, British Columbia real estate market is one of the hottest in the country. It continues, even in 2017, to break records in home value growth. Many homeowners here are wondering if they should place their property on the market, and if they stand to see a profit on the sale of their home. There are several key factors that can make selling now beneficial to you as a property owner.

View from a Victoria Home Backyard

View from a Victoria Home Backyard | Image Provided by VREB

Limited Inventory Means Better Pricing for Sellers

One of the key reasons why Victoria homeowners could benefit from listing now is simply because there are so few homes currently listed. As a result of this, we are seeing home values climb across the region. With that in mind, there is certainly no shortage of buyers here. In a situation like this, with limited inventory but ample buyers, your home is sure to quickly get attention. New construction remains somewhat limited as well, even though it is improving. With many buyers, few homes, and limited options, there is no wonder that now is the perfect time to sell your home, or so you may think.

There are a few things to keep in mind if you are considering selling your Victoria home:

• Always work with a local agent that knows the market well. This person will work hand-in-hand with you to ensure you always the right information to price and market your home.

• That’s key – pricing your home properly. It’s not likely you’ll see your home’s value skyrocket with dozens of offers. However, you may see a significant number of offers if you price your home properly here.

• Expect to be able to sell quickly, but remember that this is a competitive market. Your home still needs to offer the amenities, condition, and features that homebuyers are looking for in properties.

Victoria real estate continues to offer a wide range of advantages for today’s homebuyer. Yet, to do well and to see the best selling prices possible, homeowners really need to work with a local real estate agent that knows the market well and is able to help to make your home highly desirable for a fast purchase. Contact Kerry Davies today to discuss your Victoria real estate goals.