Is It The Right Time to Sell in Mount Pleasant?

If timing the market were easy, you’d have seen a wave of retirees after March 2022. Everyone would have bought in Maple Ridge in 2019 or even the fall of 2020, held till March 2022 and cashed out with 40% profits. But no, there are too many unknown factors. So instead, as a Realtor I advise my clients on how to decide when it’s the best time for them personally to sell based on their current situation and future goals. 

We are in what has been coined a ‘luke warm Spring Market’. We are seeing enough buyer activity that a well marketed and well priced home in Mt Pleasant will get offers. The median Days on Market in March was low at only 10 days. So, in general it is a good time to list but less talk more specifically...

Looking to sell your property without buying right away?  While timing the market is always risky as we can’t say what’s around the corner... I still believe there will be a better market to list when the BoC finally makes their first rate cute of 2024. Prepare but hold.

But if, like most sellers, you’re selling your primary residence to upsize and buy another home, then we need to consider your experience on the buy side as well when discussing your sale strategy.

Less competition on the buy side, especially when upsizing, will save you stress and money. Not getting as high of an offer as you would have on your listing will be made up for by avoiding less competition in your purchase. Ultimately net positive.

Either way, if you are going to sell this Spring, be very cautious of the low list price strategy to drive multiple offers. We are seeing that tactic fail often right now. It may work for some but it is not the 2021/22 Spring Housing Market.

If selling is in your future, let’s sit down now and create a selling strategy.

Call/text: 604-401-9199
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