Golf is just the adult version of an Easter Egg Hunt
“Golf is just the adult version of an Easter Egg Hunt.” ~Author Unknown
Did you know that Faberge eggs are the most expensive jeweled eggs in the world? In 2002, the Faberge “1913 Winter Egg” sold at auction for 9.6 million dollars!
In 2004, Viktor Vekselberg bought what is called the Rose Bud Faberge Egg as part of the Forbes Collection; this collection included other imperial eggs, as well as the Rose Bud Egg. Victor bought the entire collection for over $100 million.
Well…many of us will celebrate the Easter festivities this weekend, and I thought that I would provide you with a current overview of Nanaimo’s real estate market and a few interesting facts about Easter. Did you know that an average US household will spend $131 on Easter each year, totaling $14.7 billion! After Halloween, Easter is the biggest candy consuming holiday with 120 million pounds of candy purchased. For many of us, the news always seems to have some interesting (and weird) stories that come from Florida and Easter is no exception. In 2012, Florida overturned a 45-year-old law preventing the dyeing of animals so as to allow people in Florida the legal right to dye baby chicks at Easter. The dye is either injected into the incubating egg or sprayed on the hatchling (like the photo above). I must confess that when I first read about this, I honestly thought it was a joke as I had never even heard of this practice before.
Easter is often the time that we see a surge in real estate transactions with more buyers putting their homes on the market, and buyers coming out of their winter hibernation and actively putting offers on properties. This year, we have seen an earlier Spring market in the Nanaimo area that seems to have started at the same time as the pandemic, which has resulted in a more active real estate market than I have seems before. In fact, our market is definitely a seller’s market with multiple offers becoming increasingly common and subject to the sale of a buyer’s home nonexistent with offers often far exceeding the asking prices.
Over the last year we have seen average single-family home prices go from $580,305 to $749,259 up 29.11%. Condo sales are up 9.29% over the same period, Townhomes are up 12.88% and land / lot sales ate up a staggering 67.20% all over the same period. Adding to this frustration for Buyers is the fact that single family home sales are happening so quickly that often there are many Buyers bidding for the same home which means that with only one Buyer being successful in having their offer accepted, the rest are forced to continue their search for the elusive purchase of the family home. Low inventory and low interest rates have only added to this dynamics.
With Easter only a few hops away, it may be a good time to consider selling your home. Thinking about selling your home this Spring? Email our McCullough Team today at email@example.com or contact us at RE/MAX of Nanaimo at 250-751-1223 for a FREE Maximum Home Audit of your property, which will not only provide you with a current value of your home, but an in-depth review of factors that may affect the value of your home. We will provide staging and updating tips that will specifically help your home sell FASTER and for MORE MONEY!
Hope you all have an awesome Easter weekend and if you know someone looking to sell or buy, I always appreciate your referrals and will look after them with the utmost care and attention.
Brian McCullough, RE/MAX of Nanaimo
#1-5140 Metral Drive
Nanaimo, BC V9T 2K8
Office: (250) -751 – 1223