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BC Waterfront Blog

There are a lot of "how-to" articles online that regurgitate the same advice about real estate related topics such as getting a good mortgage or prepping your home for the market. While those things are obviously very important, in this blog we try to write articles that are enlightening and valuable for visitors to our site. Rather than write about the same-old, same-old, we endeavour to create interesting and compelling articles specifically for people interested in (BC) waterfront real estate.

B.C. Recreational Market Heating Up for Summer

The beginning of March marked a noticeable increase in inquiries to our sellers and traffic on the site, signalling a continued demand for B.C. waterfront property in 2008. Despite higher prices and a fewer sales of waterfront province wide in 2007 than 2006, traffic on the site has almost doubled since last year and shows no signs of slowing. The stats listed below show unique visitors to our site last January, February and March as well as this year's numbers:

January 2007 - 5, 862

February 2007 - 6, 601

March 2007 - 7, 405

January 2008 - 9,861

February 2008 - 9,323 (leap yr)

March 2008 Forecast currently 12. 000-13, 000

Furthermore, email inquiries have picked up and sellers are reporting increased interest from serious buyers in the last few weeks.

Despite the real estate slowdown in Alberta, we are still seeing 23% of our Canadian visitors originating there, over 50% of who are from Calgary. This is exactly the same statistic as last year during the same time period, so there is obviously still pent up demand for B.C. waterfront in Alberta. In addition to these numbers, the percent of US (yes, US!) and UK visitors has increased slightly year over year.

Although I am no psychic, I expect the market to be more balanced this year than in past years, with buyers in the million plus price range taking more time to choose their property. The sense I get is that there are a lot of buyers out there with anywhere from $300, 000 up to about $$650, 000 or 700, 000 to spend on a second home that they will retire to and when the right properties come available in this price range they are snapped up quickly.

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Market Insights - Waterfront Real Estate

Featured Waterfront Realtor

Dave Koszegi Group
RE/MAX of Nanaimo - Dave Koszegi Group

Dave Koszegi is SOLD on Sproat Lake and the Alberni Valley DAVE. For waterfront properties on Sproat Lake, it's the only name you need to know. One of Canada's top-ranked RE/MAX Realtors, Dave was (...)


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