Port Alberni Real Estate Blog

With winter nearly behind us, there is plenty to do in Port Alberni in February. Check out the information below provided by Port Alberni’s Community Website. And visit the link below for more information. Get out there and have fun!

Thing to do in Port Alberni in February 2018

Date night at the Alberni Aquarium

When: Saturday February 10th 7:00 to 9:00pm

Where: Alberni Aquarium, Unit 7, 5440 Argyle St, Port Alberni

What is it: Are you looking for that one of a kind date night? Come on down for special entertainment, snacks, refreshments, activities and so much more! What a great way to treat that special someone?

 

Games Night

Where: Alberni Aquarium, Unit 7, 5440 Argyle St, Port Alberni

When: Saturday February 24th, 7:00pm to 9:00pm

What is it: Fun for all ages

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When you are buying or selling a home, it is usually safe to assume that the "real property" being sold includes the land and all firmly attached structures. But what exactly is included in the definition of "firmly attached structures". Are the washer and dryer included? Dishwasher? What about your heirloom chandelier?

What Chattels Are Included in a Home Sale

This grey area revolves around the difference between "chattels" and "fixtures". Chattels are moveable items of property which are neither land, nor permanently attached to land or a building, either directly or vicariously through attachment to real property. A fixture is a chattel which has become real property by having been affixed to it.

Clear as mud?? Maybe some clear cut example would help. Some examples of chattels

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Happy New Year! It has become a tradition that I spend New Year's morning pouring over the statistics for the Port Alberni, Sproat Lake, and Great Alberni Valley real estate market. Let us know if you have any questions or comments. 

Port Alberni Market Update Graph 2017

Market Wide Summary 

Overall sales in the greater Alberni Valley were up significantly for 2017 when compared to the previous year. In fact, the number of single family homes sold in the Alberni Valley (Port Alberni, Sproat Lake, Cherry Creek, and Beaver Creek) was 3 units shy of the all time record set in 2004. The average sale price for single family homes in the Alberni Valley was the highest in history, breaking the record set last year.  At Sproat Lake, the number of homes sold was on par with the

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The real estate market in Port Alberni started the year out strong, and seems to be ending the year the same way.  Our team has been busy throughout December both listing and selling properties.

Without any further ado, let's take a look at the single family (non-waterfront) home sales for the Greater Alberni.

 

November 2017

November 2016

Homes Listed

27

33

Homes Sold

32

28

Median Sale Price

$254,900

$237,500

Average Sale Price

$287,468

$251,841

Average Days on market

41

42

As you can see there were more homes sold in November 2017 than the year prior. The

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Last month we reported an observation that the real estate market in Port Alberni had slowed. At the time we wondered if it was a momentary pause or the beginning of something more significant. Shortly after we released that market update, things started to pick back up. We’re happy to say it was a pause!

Port Alberni Real Estate Update - October 2017

To back up this statement we’ve run all of the single family homes sales statistics for the greater Alberni Valley (excluding all waterfront properties) for the month of September. This is what we found:

  September 2017 September 2016
New Listings  41  40
Sales  39  42
Average List Price  $265,292  $234,687
Average Sale Price  $256,844  $226,119
Median Sale Price
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The best articles are usually the result of a need. While sitting down with a client today it was brought to my attention that there is a real need in the Port Alberni real estate industry for more information about specific neighbourhoods. After all, people are not just buying a house; they’re buying into a neighbourhood too.

Of course, our team were pioneers in making it possible for the public to browse real estate by neighbourhood. Today, because of this request from a client we are going to begin expanding on that, by providing more textured information about each Alberni Valley neighbourhood.

South Alberni

We have to start somewhere, so we’ll start with South Alberni. Why? Because it’s my neighbourhood, and my family LOVES living here! 

South Alberni

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Without a doubt, one of the most common questions I'm asked as a Realtor is, "What is the best time of year to sell?"  Common wisdom clearly says that Spring is the best time to list your property for sale.  My honest, professional, opinion is that the fall is the best time of year to sell.  Let's examine why. 

Best Time if Year to Sell Real Estate

It really starts with a simple concept: If you want to do well in the real estate market (or any market) do the exact opposite of what the masses are doing. Frankly, if the masses had it right, we'd be a country full of millionaires. When everyone is rushing to sell, you should be thinking about buying, and vice versa.   

Now let's apply this concept to the Port Alberni real estate market. For our purposes, let's assume that the seasons

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China Creek Campground is one of the most stunning places in the Alberni Valley, a place that even some locals are only vaguely aware of. Personally I was first introduced to China Creek as a scuba diver. There is an amazing underwater wall along the shoreline, which is a place to see Giant Pacific Octopus, Wolf Eels, Sea lions to name just a few. Even more amazing is that there is also one of the world's only shore accessible artificial reefs (shipwreck) right here in Port Alberni.

China Creek Campground

In recent years the Port Alberni Port Authority has done an amazing job of promoting this jewel of the Alberni Valley.  To see what I mean, check out the link to their website below. This spring, our team was approached by the Port Alberni Port Authority to see if we

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For the first time in a number of years there is a little uncertainty in the real estate market. In Port Alberni the market paused at the end of August. This pause is expected by real estate professionals, as everyone (Real Estate Agents included) are out enjoying the last throes of summer and getting ready for autumn. This year, however, the slowdown was coupled with news about housing markets slowing down across the country and another round of interest rate increases by the Bank of Canada.

Port Alberni Real Estate Market Update Sept 2017

With all this change in the national real estate market, it seemed like an ideal time to look at the actual numbers for the Port Alberni real estate market. To get a good feeling, we’ve decided to look back at all single family homes sales (excluding

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How times have changed. When I began my real estate career in 2003, print materials were critical to selling homes. At that time we had one computer in our office that every real estate agent shared. At that time telephones tended to be of the flip of variety, if they weren’t attached directly to a wall. Today, the Internet is king in real estate marketing, and newspapers advertising is a distant memory.  

Virtual Real Estate Viewings

As a real estate marketer this is important information, because I need to set out a marketing plan for our team that allows for maximum exposure for our clients. In the Vancouver Island Real Estate Board’s most recent Buyer Survey, it is reported that 75% of people that bought last year on Vancouver Island, were first introduced to the property

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