suzied.ca

The first few months of the year have started with a tremedously slow market. Only 55 single family homes sold in the month of January, while the first half of February seemed a bit brisker, but still quiet. As the weeks have passed, I have noticed more and more activity in the market place- more buyers calling to start looking for bargains, and more realtors calling to show my listings. I am anxious to see the February statistics once they are released later this week. The deals are rampant, the discounts are deep and the time to buy couldn’t be better! Interest rates are at record low levels, making financing a more affordable purchase more exciting than in recent history. There are some fabulous homes out there, some even around the $300,000 mark and reductions in the $600 + market have made buying up an exciting proposition! I expect the Spring to gradually increase in activity levels, and selection to remain reasonable. The rental market is saturated, so the emphasis for investors must be on pricing their rental product at hightly competitive prices to attract and maintain good tenants. The snow is almost gone, and the first signs of Spring are amoung us in the Okanagan, ENJOY!

This entry was posted on Monday, March 2nd, 2009 at 6:48 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.