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janetabbott.com

October 2018 Issue
778-936-0000
Janet Abbott Experienced Real Estate Advice
October Newsletter

Hello Friend

Welcome to my newsletter. Here you will find the latest real estate news and stats for your area. If you would like more information about market conditions in your neighbourhood, or have any other real estate related questions, please contact me. I would be happy to meet with you to see how I can help you out.

Janet Abbott Experienced Real Estate Advice
  Janet Abbott Experienced Real Estate Advice
   Sutton Group West Coast Realty
   778-936-0000
  janetabbott.com
 

Long-Running Sellers’ Market Moving Towards Balanced Conditions

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Sales of single-family homes in September dropped by 32 per cent from one year ago and 25 per cent from August 2018.
Last month, 348 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 467 in August and 511 one year ago. The number of apartments and townhouses changing hands last month dropped by 26 per cent and 41 per cent year over year, respectively.
Inventory of single-family homes in September rose slightly, up four per cent from last year. Active listings of apartments dipped by six per cent year over year while townhouse inventory posted a modest increase, up by three per cent over September 2017.
“We attribute the weaker sales throughout British Columbia to a decrease in demand rather than oversupply,” says Cameron Muir, Chief Economist, British Columbia Real Estate Association (BCREA). “The mortgage stress test and higher interest rates are taking their toll on housing sales throughout the country.”

Click here for full report.

Halloween Trick-Or-Treating Tips

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It’s that time of the year again! With Halloween fast approaching, it’s only a matter of days before ghostly ghouls litter the streets in search of tricks and treats. For kids, it’s an exciting chance to dress up as their favorite creature or character and indulge in an overload of sweets — and as parents, you are along for the ride! Make sure your children have a spooktacular Halloween night with these helpful trick-or-treating tips!

Plan a Route Beforehand:

While the prospect of receiving scores of candy can make for an energetic start, it is easy for your children’s energy levels to peter out from continuous walking. Try planning your trick-or-treating route beforehand to ensure that when finished with the night’s haul, you are back at your doorstep.

Pack Nutritious Food As A Snack:

With stacks of candy within their grasp, it’s all too tempting for kids to dig into their stash and end up with a massive stomach ache. Pack hearty snacks like granola bars or fruit to act as a counterbalance to an overindulgence of sugary sweets.

Check And Prepare For The Weather:

Now that we are deep into autumn, a night spent walking through the neighborhood might be chillier than a spooky costume was intended for. Protect your kids from falling prey to flu-season by checking the weather forecast beforehand and bringing along a jacket or other weather-dependent items on your journey. Their costumes will still be scary from the warmth of an insulated jacket!

Hope everyone has a wonderfully spooky Halloween!

Local Events

The BIG Shop of Horrors Haunted House
Duncan, BC
October 28th, 2018
Weavers & More Show and Sale
Cowichan Bay, BC
October 26 - October 28, 2018
Arbutus Ridge Art Club Show and Sale
Cobble Hill, BC
November 3 - November 4, 2018

This is not intended to solicit properties currently listed for sale or individuals currently under contract with a brokerage.


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