Market Evaluations

 

 

Leave This To Us

Many of our clients let us manage the subcontractor negotiations so they can focus on other areas of the building experience such as bank financing, design, and features. During an extensive market evaluation, Ridgewest Homes will seek the following information:

  • Local Monthly Sales Volume and Velocity

  • Inventory Levels

  • Statistics on Affordability

  • Confidence Indexes

  • Various Economic Indicators

A proper custom home market evaluation is grounded in the current local economics of Langley, BC and surrounding areas.

This economic snapshot is then used as a comparison when establishing building budgets. We will establish a comparable ceiling home price as well as a floor value that meets your specific building criteria. As a luxury multi-million dollar homeowner you want your prospective custom building project to provide long-term resale value and be placed in the proper residential surroundings. Market values fluctuate over time but with proper market understanding, many future surprises can be mitigated.