The Real Estate Market in the Okanagan Shuswap continues with its unusual direction for 2017. This direction is that the supply is so low and the demand is so high, that Realtors are having a tough time finding a home for their buyers to buy. Therefore, although prices are rising sales are actually down. When we compare the average sales in all 3 zones of the Okanagan Shuswap for January to August of 2017 to the same months of 2016, sales are down 15%. The silver lining in this dilemma is that the inventory of buyers will have to be eaten up before the market will change to the negative. As more inventory comes on the market, sales will increase before the market turns down. We are likely in a rising market for the next year or so.
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.