Real Estate Market Continuing To Evolve

Taking at look at the Nanaimo Real Estate Marketplace, this summer has been a fairly quiet time in terms of business. As a result we are hoping for a busy fall selling season - which is traditionally the case. Realtors today are counseling their Sellers to be more realistic when it comes to establishing the list price of their homes. Our market has undergone a major shift during the past year or so - with an increase in the housing inventory and a reduction in the number of actual sales. The mortgage meltdown in the States, added to a generally slower American economy, coupled with a softer Real Estate market in Eastern Canada have all had an effect on our local market. The impact may not be a severe as elsewhere in North America, but we have not escaped entirely unscathed. The prospects for the rest of the year and early into 2009 are generally viewed to be positive, with gradual real estate sales growth and a marginal increase in economic activity expected for our region. If you wouldd like to learn more I’m always happy to provide a market update at any time, so give me a call if you are curious about the state of our current Real Estate marketplace. Finally, as always, I can not say enough about the importance of repeat or referral business. The core of my business is you, past clients who have referred me to their family, friends or co-workers. The trust you’ve shown by passing my name onto those you care about is a real vote of confidence in me - one that I don’t take lightly. I want to thank you for your support and look forward to working with you again in the future. For now have yourself a great Autumn!