Westside House Market Report March 2025
Preparing for the Spring Market?
Inside The Westside
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Why this Spring is an Ideal Time to Sell:
1. Seasonal Trend
Over the past two years, a clear pattern has emerged: the first 6 to 9 months of the year have seen price appreciation and higher numbers of houses sold, followed by a decline in both prices and transaction volumes during the latter part of the year (see Westside House Price Index below).
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This trend appears to be repeating in 2025 and offers a strategic opportunity for homeowners to sell early in the year, maximizing their returns and avoiding the market slowdown.
2. Low Inventory Levels
While demand is rising, the number of available homes remains relatively low. This imbalance favors sellers, as limited options push buyers to act quickly and submit competitive offers. Well-priced homes in desirable neighborhoods are expected to attract multiple offers.
3. Favorable Mortgage Conditions
Lower interest rates and the prospect of future cuts are encouraging more buyers to enter the market. This creates a larger pool of serious buyers ready to make offers.
4. Seasonal Appeal
Spring is the best time to showcase a home’s full potential. Gardens are in bloom, natural light is abundant and properties tend to show better compared to the colder, darker months. Buyers are often more emotionally connected to homes that look their best, leading to quicker sales and potentially higher sale prices.
Conclusion
If you've been thinking about selling, Spring 2025 presents an excellent window of opportunity.
Let me show you how my Marketing Plan backed by proven systems and 28-years of experience can be quickly implemented to maximize the value of your home. From curb
appeal tips to pricing strategies, I’m here to help you make the most of the spring market. Call me today for a free home evaluation and personalized advice.
Thank you,
Don't forget to make your BC Speculation and Vacancy Tax declaration by March 31, 2025. Failure to do so will result in your property being deemed taxable and subject to a Speculation and Vacancy Tax in 2025 of:
•2% of the property's assessed value for foreign owners and untaxed worldwide earners.
•0.5% of the property's assessed value for Canadian citizens or permanent residents of Canada who are not untaxed worldwide earners.
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