ROB IRVING - SALT SPRING ISLAND REALTOR
  • Home
  • Listings
  • Services
    • Buying
    • Selling
  • ABOUT
    • Meet Rob
    • About Salt Spring
    • Helpful Links
  • Blog
  • Contact

ROB IRVING

REAL ESTATE UPDATE FOR SALT SPRING ISLAND - JUNE 2019

6/16/2019

1 Comment

 

HOW'S THE "MARKET" ON SALT SPRING ISLAND?

Picture
I often get asked, "What is the Real Estate Market doing?" and I struggle with an explanation that can be made in a minute or two....but I will try.

Real Estate on Salt Spring is seasonal, given lots of people move here for the warm, dry weather and the nearby oceans and beaches so Spring till about Thanksgiving is our busy time.  That said, our sales were slow to start due to a Christmas storm and then a heavy snowfall...Salt Springers have to admit, even though we have the mildest climate in Canada, sometimes it does snow!   Those 2 events seemed to cause Sellers and Buyers to put their plans on hold for an extra month or two.

After a slow start, the Market got very busy and that was exacerbated by a shortage of listings, especially in the high-demand part of the Market, under approximately $600,000.  Nice homes under that price were greatly in demand and we sometimes had multiple offers...usually rare on Salt Spring.

The mid-range pricing (about $600,000 to $900,000) was fairly busy as there was low inventory but now seems to be into a "balanced market".

Above $900,000 seems to be a "Buyer's Market" with a fair amount of inventory.

However, we have motivated off-island Buyers, often with lots of money, having sold their expensive Vancouver or Victoria homes, so if they find the "perfect house" they will often move very quickly to purchase.  The "perfect house" is often one that shows very well, including beautiful gardens, recent new paint and "staging" where appropriate.

Lastly, given we are a small market, our sales can fluctuate a fair bit and in some weeks sales are slow and in others, quite busy.  

Check my Blog again in a few weeks for an update...things can change fairly quickly on Salt Spring.

1 Comment

    Archives

    December 2021
    May 2021
    January 2021
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    February 2020
    January 2020
    September 2019
    June 2019
    February 2019

We have purchased two properties with homes through Rob Irving within the last five years.  He has proven to be both professional and knowledgeable in the island's real estate market.  He has worked diligently in protecting our interests by following up with Island authorities on code, zoning, water and sewage questions. I highly recommend Rob Irving to others considering either buying or selling 
real estate.
Hugh Preddy

I don't like house-hunting but Rob made it much easier in a variety of ways.  I liked how he would not just ask you to walk through each house freely, but would offer his own opinion on the pros and cons of each property we visited, based on what he learned about our needs and wants.  Even though we took a very long time (~18 months) to find the house that suited us, not once did he show any signs of becoming impatient. It gave us great pleasure to send one or two more clients his way.  
Reuben Kaufman
Picture
Contact
© Robert Irving 2022
  • Home
  • Listings
  • Services
    • Buying
    • Selling
  • ABOUT
    • Meet Rob
    • About Salt Spring
    • Helpful Links
  • Blog
  • Contact