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Since Im actually a New Years baby, I always find the start of the year especially exciting… this year was no exception as I ( like most other people ) was happy to see the end of 2008.
Lessons learned last year include- waiting till others are fearful to get greedy, and being fearful when others are greedy. (ps. people are now fearful) That idea courtesy of bazillionaire Warren Buffet. Also, its always a good idea to spend less than you make and do something wise with the difference, and most importantly- when the going gets tough, well you know the rest.
As I see it, there was lots of opportunity to be a great realtor in times past, when the market was moving forward of its own volition. Much like 1995-98, years I quite enjoyed working in - the market has shifted and we are now experiencing a Buyers market, a whole different situation than just 12 months ago!
The greatest thing I love about my job is that, because of ever fluctuating market conditions, it never stays the same. Adapting to meet the demands of a shifting marketplace is what good realtors do. And so the New Year Begins.
What to expect in 2009? Well, thanks to a few calming influences like the US political scene, continuing LOW interest rates and an abundance of BARGAINS, as well as just plain reason, I anticipate a leveling off of the price decreases by late Spring 2009, and a greater sense of stability in the market. The average house will continue to take longer to sell than it did last year, but if it is priced accordingly to market conditions, it should sell within a reasonable timeframe. Presentation is also more important than ever! With fewer buyers, and ever increasing expectations due in part to HGTV -the importance of the first impression when your up against so much competition is more important than ever! The best part about this equation is that if you are buying up in this market, your likely going to get a tremendous value on your purchase.
My favourite market picks FOR ALL MLS listings are the following,
MLS#9205172 2 bdrm house w/ bsmt on a 60 x120 lot with newer roof and kitchen, walk to downtown Westbank for 299,000. Great area of potential future redevelopement.
MLS 9206814 3 bdrm w/ oak hardwood, coved clgs original glass hardware on the original doors. Vintage curved cabinets, full basement for future suite, RU6 zoned one block to downtown Kelowna. $309,000
9207913 Brand NEW listing, 4 bdrm .22 acre lot Old Glenmore w/ salt water pool! $409,000
To see these, use my link to mls.ca 9 ( now realtor.ca) and plug in the numbers.
These arent my listings, but feel free to peruse those as well, as all of them also represent great value.
There really are deals across the board - in recreational and condo segments as well, please call me anytime to get on an instant update system that I personally screen to send you only the best new listings that meet your exact criteria.
Happy New YEAR!

This entry was posted on Thursday, January 22nd, 2009 at 6:10 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.