Blog by Patricia Houlihan - Personal Real Estate Corporation

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The New Reality: What is your home worth now?

The New Reality:  What is your home worth now?

The market has picked up quite a bit this Spring when compared to last year and earlier this year.
Recently, we have seen a lot of properties, even in higher price points, going to multiple offers.  We have also
seen properties going to multiple offers after they have sat on the market for a while with no activity.  This occurs when 
sellers "try out" a price initially and then lower the price to what the "new reality" supports.  Buyers are hesitant to make
offers until they see serious prices from sellers.  Even in a slow market, the Lower Mainland is a place where low ball offers
don't seem to be part of our real estate culture!
If you are wondering what you home is worth in this market, I would be happy to provide you with a complimentary home 
evaluation. I am also happy to discuss my favourite topic, real estate, any time!

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