Still a great time to list your house
Are we starting to face a Buyers Market in Cranbrook? I hear this question all of the time lately. I don't like the term "Buyers Market" because I like to think that the market is always a positive place for the Buyer or Seller. There definately has been a shift recently and all it takes is driving down any of local streets and noticing a lot more for sale signs and less sold signs going up on them. We have more listings and less sales in comparison to the last few years. This is obvious. But don't let the alarms start sounding if you're looking at listing your house in Cranbrook.
While supply has risen and demand has fallen, our house prices have not seen a dramatic drop in price. We have still maintained healthy sale prices and when homes are priced correctly, they are still moving fast.
Now, more than ever, it is very important to get your list price done right. Ask your Realtor for a precise CMA on your home (They are free) and really look at the comparables carefully before deciding to try for that extra $10,000. Ask your Realtor to take you through a few homes that have been on the market a while so that you can see what isn't working. The first week that your house is listed it should see more people through than any other week. Make sure that it is priced right from day one.
Jerry Boutin
Blue Sky Realty
http://www.cranbrookforsale.com