Knowing and understanding current market conditions is important when purchasing or selling a home because real estate trends within a neighbourhood, city, or region affect property value. It is key that the data being analyzed is complete, current, and reliable so that the information can be applied appropriately during decision making processes. It takes careful examination of the details and the source to ensure that the statistics cited are not presented in a misleading way to articulate only one side of an idea or perspective.
Inventory and immigration can have a direct affect on supply and demand. Location, demographics, amenities, and new construction influence desirability. Broader economic trends should also be considered in the analysis, as national forces have a ripple effect throughout local markets. Inflation, interest rates, tax policies, and unemployment are just some of the players that determine the economic base of a subject property.
Market analysis is the most valuable asset available in assessing real estate. As a Real Estate Professional, I have a thorough understanding of the market fundamentals that impact value. Knowing what information matters is critical in navigating transactions. I can assist a buyer in making a thoughtful offer justified by evidence to avoid overpaying for a property. In regards to a seller, my expertise can assist in making the best decisions possible and avoid leaving money on the table.
MARKET INSIGHT AND STATISTICS