With pressure being put on housing prices to rise, the building option may start to look attractive again soon. Most of the homes that are being built on Salt Spring right now are on parcels that have been owned for some time in anticipation of retirement. Unemployment is low in the community with most able-bodied workers fully employed. Prices were stable and there was an adequate inventory for the demand. This year, so far, has been a rocky ride.
Demand is strong, inventory is low and there have been multiple offer situations on new listings.
It is very important for buyers to find a realtor that they get to know well and trust. Research must be done quickly and accurately to expedite the purchase process to avoid disappointment. It pays to deal with a professional with a long history on Salt Spring. The process of researching and selling properties becomes more challenging as time goes by with issues like water, permit status, sewage, property boundaries etc. getting to be more complicated but very important. With my background in accounting, finance and statistics, detailed analysis of market trends comes easily to me.