Vancouver Island Real Estate 2020 Forecast

Realtor and Associate Broker Lorne Gait has just prepared for you

this Vancouver Island Real Estate 2020 Forecast  for the central Vancouver Island area.  Lorne is a professional working in the mid Vancouver Island area,  He is based out of the Royal LePage Nanaimo Realty office in Ladysmith, BC.

Vancouver Island Real Estate Board Statistics analysis

The Vancouver Island Real Estate Board also has its own Vancouver Island market Update to the end of November. This analysis looks back at the 2019 market and speaks to the coming trends.  Check it out: VIREB ANALYSIS.

Summary Thoughts

For the most part, the Vancouver Island Real Estate market is fair for Buyers and for Sellers.  In some areas and in higher price ranges, the market is moving to be a Buyer’s market where the Buyer has more say about what she/he will accept for the purchasing of homes. 

For homes with moderate prices, the market is in a state of balance.  If Seller prices reasonably, she/he will sell to Buyers who want to Buy.  Neither Buyer, nor Seller has a huge advantage.

If you want to talk in more detail about the things that might cause our Vancouver Island 2020 Real Estate Market to go up or down, let’s get together and talk.  Our cell to call to text is 250-618-0680.

If you are selling, we can help you get the best possible price in this market.  If you are Buying, we can help you find a deal for the home of your choosing.

Lets Get IN TOUCH

 

Here are the stats for Nanaimo – 11-Nov 19 Nanaimo Graphstats

And here are the stats for Cowichan – 11-Nov 19 Cowichan Valley Graphstats

Finally, here is a link to the VIREB Stats:  VIREB STATISTICS