In a transition time, there is "everything" occurring.   

Difficult to sort out the trend, then, when there's a whirling cloud that spits rain, sometimes, and other times parts to let in some rays of sunshine.    

I read in media reports on real estate, in my larger region, that it's the best it's been in several years, that sales are flying and multiple offers are the "norm".    Then, it turns out that all the activity is in the first time buyer category, or investor buyers, looking for good rentals.    There's a price ceiling, then.   

I also learn, by digging a little deeper, that secondary home/discretionary markets haven't experienced the city/primary residence dynamics.   One can put a second home on hold, in a worrying market moment.   

As usual, the media isn't quite "right" in its reporting.   This could be a result of the reporters not being realtors, and so they don't think to differentiate the layers of the business.    Busy?   Great!    Let's go to press!   

The difficulty with this broad sweep is that it makes sellers in the higher end wonder why they aren't finding themselves rushed off their feet with viewings!    It also makes it difficult for the realtor to explain the changed circumstances since August 2008, and why price reductions need to be in their minds, as they assess the marketing of their unique luxury category properties.  

In rural markets, the same dilemma...the realtor has to explain why the city busyness isn't transferring to the retirement/recreational markets, with the same briskness.

Transition times see everything, remember, and eventually it evens out to a broader and more consistent rhythm.

Good that there is an uptick, no matter where it's seen.   Many buyers remain nervous about acting, and so that more euphoric media reporting might be the thing that propels action, from all those "should I wait?  should I act now?" fence-sitters. 

I see them there, rocking back and forth on that pointy picket fence of indecision!

If anyone mentions the inflation word, will they topple?

 
This post has been included in British Columbia Information
Post is included in group: Vacation and Second homes
Post is included in group: Posts to Localism
Post is included in group: Outside Blogs
Post is included in group: Luxury Home Marketing
Post is included in group: Local Expert

3 Comments on Transition times...a little of this/a little of that...

NOV
13
329,360 Points Outside Blog

Li

We're in a market were digging a little deeper leads to success.

Good luck and success.

Lou Ludwig

8:56pm • #1
209,555 Points 2 Featured Posts Outside Blog

Hi Li...First time Buyers are leading the Charge and stats..upper priced  properties in the West must be priced well and have the Wow effect, to entice fussy Buyers

9:05pm • #2
NOV
14
234,366 Points Outside Blog

Appreciated the comments!    You're right, Fred...it's the starter buyers, or those passive income investor seekers that are driving the marketplace.   The luxury properties may have to see serious price reductions, before they will experience the same activity.

2:18pm • #3

Leave a response…



(optional)
What does the graphic say?
 
Rainmaker_large

Li Read

Salt Spring Island, BC

More about me…

Sea to Sky Premier Properties (Salt Spring)

Address: # 4 - 105 Rainbow Road, Salt Spring Island, BC, V8K 2V5

Office Phone: (250) 537-8763

Cell Phone: (250) 537-7647

Email Me

real estate, b.c. real estate, salt spring island real estate, Canadian real estate, luxury real estate, waterfront specialist, private islands specialist, estate style properties, secondary home marketplace, active rain, Li at Sea to Sky Premier Properties, Mayne Island, Galiano Island, Pender Islands, Saturna Island, Salt Spring Island, southern Vancouver Island.


Links

Archives

RSS 2.0 Feed for this blog

Find BC real estate agents and Salt Spring Island real estate on ActiveRain.