As the summer fades into the dreary days of autumn and our thoughts turn to work, school and winter festivities, now could be the best time to look back at those waterfront properties you had your eye on over the summer.
If you want to get a jump on other buyers and have your property ready to go for next summer, the time to start shopping is now. At Waterfront West , we had predicted an upswing in site visitors in early Spring last year; however, we were suprised that the jump in visitors to our site began on as early as December 29th . From December to January, our unique daily visitors almost doubled, with no additional advertising on our part. Many recreational buyers want to have their property purchased and useable for the summer season so they start shopping early, very early.
From our experience and talk with industry insiders, the "slow season" (if there is one!) in the B.C. recreational real estate market is October-December. Last year, we noticed a number of price reductions on properties that had been on the market during the high season and not sold. This year, although to a lesser extent, we have noticed the same trend. As many real estate investers know, the best time to buy is when the pressure is off the market so the next couple of months may present some good buying opportunities!
In the coming weeks, we will be featuring some properties on this blog that have been reduced in price and that our subscribing real estate agents believe represent exceptional value in the waterfront market, so please stay tuned!