Ever wonder where all the buyers came from in 2015?

 

I'm sure you've heard it said that people from overseas are buying up all our property.

 

Well, not according to the statistics compiled from data through the Victoria Real Estate Board survey. Each time a sale occurs through MLS, the board surveys to check the origin of the buyer.

 

Most buyers, slightly over 70% came from right here in Greater Victoria....pretty consistent with the previous year. In fact, over 87% of purchases were made by BC residents and another 10.73% from the rest of the country.

 

Only 2% or 164 of the 8085 sales in 2015 were by buyers from outside Canada.

 

You may have also heard on the news and it is confirmed that most of our out of town buyers came from the lower mainland and accounted for 600 transactions last year, almost double the previous year's 307 purchases.

 

Alberta accounted for the largest portion of purchases originating from outside the province followed by Ontario/Quebec buyers. This is consistent percentaghe wise with the previous year althought the literal numbers have gotten bigger. Who knows what will happen in 2016.

 

You can check the detailed chart here.

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If you have pets, you probably adore them. They're part of the family! But when you're preparing your home for sale, you need to think about how you're going to deal with the "pet issue".
Some potential buyers who view your property may love pets as much as you do. However, others may be turned off by the tell-tale signs of pet ownership – such as kitty litter, dander, and smells.
So be sure to make a plan for how you’re going to deal with your pets.
It's a good idea to keep pets out of the house during viewings. Even if your dog or cat is friendly, some buyers will be uncomfortable around them. So, you'll need to decide where your pets will go when buyers view your property. Consider a local kennel or "pet day camp".
"Can't I just take my dog out for a walk?" you might be asking. You could,; however, you may not always be available to do that during a viewing. So have alternate plans available.
You should also consider how you will deal with pet dander and everyday pet odours. You're probably used to them. Unfortunately, some buyers will be turned off or even be allergic. So, in addition to cleaning your home before a viewing -- especially in those areas where pets spend time like a favourite cushion or scratching post – consider using specialty air sprays available on the market that will neutralize pet odours.
Finally, it's a good idea to advise buyers that they're viewing a home with pets. That way, they'll be more forgiving if they catch a whiff of cat dander.
Need more tips on preparing your home for sale? Call me today…

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