The Sunshine Coast, BC, HPI (Home Price Index) is a key indicator of the current state of the real estate market. A variety of factors including interest rates, economic uncertainty and inflation, influence housing prices. Although the Sunshine Coast has seen significant growth in the housing market over the past decade, in early 2022, the Sunshine Coast's benchmark HPI had been rising steadily and reached a peak in May at $1,045,400. At this time, The Bank of Canada introduced the first of eight interest rate increases that would quickly impact home prices and sales across all home types and areas on the Sunshine Coast. The current HPI (House Price Index) for single-family detached homes on the Sunshine Coast is $877,500, which equals a 16.1% decrease from May 2022. With this in mind, it is important to stay up to date on 2023 levels so you can make informed decisions regarding the best time to enter or exit the market.
Top 3 Tips To Follow Before Selling Your Home
A property that shows well has a greater chance of selling faster and for more money! Who doesn't like that?
83% of real estate agents said staging made it easier for buyers to visualize the property as a future home.
2. Clean and clean again - it is incredible how fast cobwebs grow in the corners of the ceiling or how quickly dust collects on baseboards and window ledges. A clean home not only looks good, but it smells good and bad odours instantly turn buyers off. If you need help, let me know, and I can have one of my trusted cleaners give you a hand to prepare each room.
3. Paint - a freshly painted home makes a significant impact and is one of the least expensive things you can do to freshen up the place. Focus on the entrance, main living area, and kitchen first. Next, move to the bathrooms and bedrooms. Painting is one of the least expensive ways to refresh your home.
Bonus Tip! Spruce up the front yard! Did you know that buyers start making decisions before they even get inside? Yes, it's true! People are so judgy, and I am sure you have heard the saying 'your first impression is your only impression' - well, it is true, folks! Make the driveway, parking area and little garden beds as fresh and tidy as possible.
Want to know more? Send me a message, and I will send you a copy of my Seller's Guide.