Monthly Opinion Piece – August 2018

Rom’s Opinion

Here’s an opinion of a Broker in the Okanagan that I can very much agree with, so here it is:

I was talking to a Realtor the other day and he said, “the market is sure tanking isn’t it?” There is an old joke in our business that Realtors are the last people to know what is going on in the Real Estate market. I admit it’s not a very funny joke. I asked him why he thought that and he said that everyone knows that. I asked him what he thought was going on with prices. He said he thought they were way down. I told him that Year to Date residential sold prices are up about 9.5 % compared to same period last year. …Then I told him our year to date sales are still above the 10 year average. He called me an optimist. Things that make you go Huh! As I mentioned last month the market in the Okanagan and the Shuswap is softening but we needed to slow down a bit. I guess if people keep saying the bubble is bursting eventually it will be correct. Even a broken clock is correct twice a day. Have an amazing month.

 

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  • 6 KELOWNA REAL ESTATE GRAPHS

 

About the Author Rom Houtstra

Rom Houtstra is a licensed and experienced Kelowna Real Estate Agent for almost 12 years with Century 21, the largest Real Estate Company in the world with over 8000 offices in 44 countries. He is committed to providing top service when it comes to selling or buying Residential or Commercial real estate and Businesses. Ask him about his comprehensive Marketing Plan and Listing Presentation. If you are looking for properties in Kelowna, West Kelowna, Vernon, or in other areas of the Okanagan Valley contact Rom.

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