Believe it or not, there is a best time of year to buy a condo in Vancouver. With downtown Vancouver real estate listings being a hot ticket item, one might think that any time is the right time. But when it comes to a solid real estate investment in Vancouver, understanding the best times to buy is important.
Best Time of the Year to Buy a Condo in Vancouver
The best time of the year to buy a condo in Vancouver just so happens to also be ‘the most wonderful time of year’. That’s right – Christmas!
Over the month of December, Downtown Vancouver real estate listings tend to offer slight discounts of up to 10% leading up to Christmas, which is definitely unheard of at any other time of the year. The reason for this is simple – motivated sellers are simply looking to cash out before the holidays.
Although historically Vancouver condos sell quickly, and even sell sight-unseen, negotiating your real estate investment in Vancouver is at prime during December when buyers are busy with other things outside of real estate.
So, What About Selling a Condo During Christmas?
Sellers should also be aware of what it means to sell your Vancouver condo during Christmas. Testing the waters with a higher than average selling price will likely have your place on the market for longer than your neighbour. So if you are looking to sell your downtown Vancouver real estate listings quickly in December, remember that this is a low buying time – so list your home at a fair buying price if you are hoping to sell within the month.
Make a List, Check it Twice
If you are looking the highest selling price out of your real estate investment in Vancouver, here are a few helpful tips…
Stage Your Home for the Season
It’s true, I have written about staging your home before, but it is worth another mention. Especially at it relates to the Christmas season. Although you normally would want to de-personalize your home so that potential buyers can see the buying potential, over the Christmas holidays it is actually to your benefit to make your space festive. While still keeping it tasteful and modern, a Christmas tree and some white lights helps to put everyone in the buying mood – and that goes for Vancouver condo sales too.
Leave out the Milk & Cookies
It’s not only Santa’s favourite treat, but also a popular choice among most of us I’d say! So when your home is going to be shown, leave out some local treats and festive drinks in order to welcome your potential buyers. Nothing helps the buying mood like a full belly.
Whether buying or selling a condo in Vancouver, I am here to help you make a wise investment, or sell for the most profit within a time frame that works for you!