This is the summation of my monthly newsletter for anyone that missed it.
The North Okanagan Real Estate market is up 25% in sales activity compared to the first 2 quarters of last year. Home prices in the Vernon area have halted their downward spiral and, while not rising as of yet, are expected to do so in the next year or two. Once the number of houses listed begins to decline we can expect an increase in housing prices. This current, gradual recovery of the Real Estate market is exactly what our economy needs as opposed to a market boom where it then busts just as hard when the bubble inevitably bursts.
Now is a good time to purchase a home in the Vernon, Armstrong or Kelowna areas while the market is still low but all signs point to a recovery.