We now have the first quarter of 2018 under our belt for the Okanagan Shuswap housing market. The market is following right along with our predictions made in December of 2017. We are seeing a very moderate softening of the market. The inventory is starting rise and sales are beginning to slow. However the keywords here are “but not much” and prices are continuing to rise even though that rate of increase is starting to slow as well. The market is going to continue to soften slightly in 2018 but we really won’t notice much. At the end of 2018 we will see an overall increase in prices but not as dramatic as 2016 or 2017. There will be less multiple offers and a little more price reducing as sellers are forced to be more competitive against the increased inventory. All in all the market will be more balanced which is good for both buyers and sellers.
The Conscious Investor
Here is what you can expect:
• An Investment Property Watch sent monthly. Hand selected properties with Pro Forma analysis.
• Monthly market updates with an Investor's Corner designed to make you a better Real Estate Investor.
• A Real Estate Investment Network including JV partners, Investors, Lenders & other Real Estate professionals.