Feb 6 Newsletter FINAL by Denise Brown
Image courtesy of Justa Juskova
Sea to Sky Real Estate Market Update
to November 2020
The Real Estate Board of Greater Vancouver REBGV brings us an update on the dramatic increase in strata insurance, and the changes made by the BC Legislature.
BC Strata insurers to end ‘best terms pricing’
When news of skyrocketing insurance premiums for strata developments emerged at the beginning of the year the province tasked the BC Financial Services Authority (BCFSA) to investigate in search of solutions. The BCFSA is the agency responsible for regulating the private insurance sector in the province.
In June, BCFSA issued an interim report, which found that a practice known as ‘best terms pricing’ had contributed to premiums increasing an average of 50 per cent in Metro Vancouver. A subsequent report found that 94 per cent of sample…
2 bed, 1 bath, 904 sf
#23 Suncrest 3120 Panorama Ridge
Invest & rent to Whistler locals
or purchase for personal use
3D MATTERPORT TOUR: https://rem.ax/23SB
Offered at $705,000 Visit the 23 - 3102 Panorama Ridge Property Website for photographs and more details HERE
It's a Sellers Market
Simple supply and demand.
Little supply. BIG demand.
Active listings continue to go down
The number of sales keeps going up
The average and median sales prices keep going up
List prices are being corrected to match buyers perceived market value
What does this mean for buyers?
I have said for many, many years, the right time to buy is when you see your perfect property. Now, no property is absolutely perfect. It could be in the right location. Has the number of bedrooms & bathrooms you need to fit your family. All the amenities you want.
But maybe it needs new paint. New furniture. The kitchen and bathroom are outdated. You are wondering if you are going to pay too much.
Relax .... take a step…
26 New listings in the past 14 days. Click here 15 Price changes. Click here
74 Sold properties. Click hereThere are 250 active listings in Whistler. Click here (down almost 27 since my last report)
Search photographs and more details on active listings
on my website Whistler-RealEstate.ca
Have a great week!
Denise Brown PREC
Links are below.
34 New listings. Click here
7 Price changes.Click here
34 Sold properties.Click here
277 active listings.Click here. (down almost 110 in the past month)
Search photographs and more details on active listings on my website Whistler-RealEstate.ca
Visit my blog HERE
Would you like a custom, auto email with a Whistler search right to your inbox as listings come on?