Real Estate Market Third Quarter 2010

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Nanoose Bay to Qualicum Beach & Area

  • Photograph of Tom Whitfield
  • Parksville Qualicum Beach REALTOR®
  • Published: Sep 1st, 2010 at 3:06 pm

Consumer confidence continues to be shaky, largely due to the continuing slow growth in the U.S. Media reporting suggests home prices are to drop in large centers such as Vancouver and Toronto. This is not directly applicable to our smaller local market. Industry analysts predict a shortage in supply of new homes, as builders have shied away for the time being. Here though, prices came down and have stayed down since mid 2009. Many potential buyers still seem to be taking a wait-and-see approach but for those who can move forward, it is a buyer’s market with affordability, interest rates and selection all in your favour. We are seeing flexibility in offers being accepted as sellers and buyers decide to move forward with the next chapter in their lives.

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