Strengthening market in the Gulf Islands? Slowly improving?

By
Real Estate Broker/Owner with Sea to Sky Premier Properties (Salt Spring)


Ganges Harbour

It seems that price points in entry level residential offerings are slowly solidifying. Inventory is consistently, though slowly, clearing out.

At the beginning of the year, the seller was dropping to meet the buyer's offer point, in spite of earlier reductions. Now, in that entry level residential category, sellers are getting closer to their list price. It's about inventory, and, as it slowly clears out, we see price stability growing.

The next "best buy"/"buyer in control" property segment? The upper tier priced residential is finally finding action, and its the turn of this category to see buyer aggressive offers succeed. Perhaps by year's end/early 2013, we will see strengthening conditions in this property segment, too.

That leaves undeveloped land options and commercial/business opportunities to turn the corner into better days...perhaps by summer/fall season, 2013?

Hard assets are re-emerging as the good investments they always are.

More info? Call me!

How may I help you to buy your special Salt Spring Island property?

liread33@gmail.com

 

 

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Ambassador
789,191
Charlie Ragonesi
AllMountainRealty.com - Big Canoe, GA
Homes - Big Canoe, Jasper, North Georgia Pros

Great snap shot on your market and I enjoyed speaking with you the other day.

Sep 19, 2012 12:24 PM #1
Rainmaker
1,125,610
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Good to hear from you, Charlie!

 

 

Sep 19, 2012 01:49 PM #2
Rainmaker
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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
CRB, CRS, CIPS, GRI, SRES, TRC, e-PRO

Li

The real estate market for Gulf Islands is moving in the right direction.

Good luck and success.

Lou Ludwig

Sep 19, 2012 03:23 PM #3
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Li Read

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