Vancouver Real Estate Winter Deals Jessi Johnson Interviews Me!
GettingDeals this Winter on Vancouver Real Estate:
Yes! Time of year matters! I recently had the pleasure of being interviewed by Jessi Johnson, a Vancouver mortgage broker on buying Vancouver Real Estate in the Winter and whether or not you can get a better deal at that time of year.
Buyers Deterred by Weather, Busy and Distracted with Holidays
The winter, particularly the holiday season, tends to be a quiet time in the Vancouver Real Estate market. Buyers are less likely to want to venture out in the cold stormy weather and they are busy and distracted with family and holiday celebrations. Less active Buyers means less demand for real estate. A motivated buyer can use this to their advantage.
Motivated Sellers in Winter, particularly the Holidays
The best time to sell Real Estate in Vancouver is in the Spring: not too hot, lots of sunny days and no vacations). The second best time is Autumn: Everyone’s back from vacation, lots of sunny days, and no vacations. The third best time is Summer: Lots of sunny days, but the heat means buyers go to the beach, plus people are on vacation. Last place comes Winter (See the reasons above).
Homeowners hoping to sell their properties over the winter, particularly if they are marketing their property over the Holidays tend to be highly motivated. Motivated Sellers with less Buyer activity means that motivated Buyers often get better deals in winter (particularly the Holidays!) than they would at other times of year.
Looking for properties in Vancouver? Check out my post on how to efficiently search for properties in Vancouver.
I strongly encourage questions and comments!