Here we are at the beginning of 2010. What will kelowna real estate look like this year? Continued low interest rates, sale prices up, and inventory at a sustainable level could spell a very healthy and balanced real estate market.
I'm hearing from my fellow realtors that there are more and more buyers coming in again from other areas... particularly the lower mainland and Alberta. Also, the number of investors has remained steady, encouraged by low vacancy rates and better prices. First time buyers, who came back to the table in 2009, will continue to enter the market with the possibility of interest rates going up this year. Move up buyers are also busy upgrading their homes. The Olympics will shine a spotlight on our region as well. All in all... Kelowna is an amazing place to live and it's real estate should continue to thrive and prosper in the coming months.
Talk to you soon...
Paige
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