Setter and Associates

Yep you read that right.  The first 3 months of the market were pretty much none existent.  The following 3 months showed us there was light at the end of the tunnel, and it turned out not to be a train. The first 2 months of the 3rd quarter have proven we are on our way back to a more fair and active market.   
 
The interest rates are still at an all time low.  However, in order to keep inflation at bay they will have to rise. Prices have adjusted and buyers have gotten off the fence.   The buyers who had enough sense to get pre-approved, at a lower rate,  are now out there looking for the all time good buy.  There's still time to take advantage of the low rates.  This may not be your last chance.

Not all areas in the market are experiencing the activity others are.  The Bowser/Deep Bay area is still relatively slow compared to number of sales in town. I believe the market will eventually ripple out to the outlying communities.  Especially with the lower end of the market in town beginning to disappear.

We are still hearing good news from the Lower Mainland & Victoria markets. Which is great.  They've been experiencing better activity overall for a bit longer than we have. For the truth about today's market click here.

The average price in the area has not moved for the past 3 months.  I expect we'll see prices continue to flat line for another couple of months. The last time the market did this was during the first 8 months of 2001.  With the current activity prices will eventually start to go up.  Not rocketing up.  Just steady eddy.  There are still some exceptional buy's out there.  But not for long.  So if you or anyone else you know is wanting to expand their portfolio now may be a good time.

We're as busy as ever.  The team as a whole is doing great and we want you to know we're here to serve you in any way we can. If you have a question you would like answered personally, give us a shout.  The best part, it doesn't matter which one of  the team you happen to get on the phone, we're partners in this business and together we are all here to help.

Lastly, our Client Appreciation Day was an absolute blast.  The weather couldn't have been better and everyone that came out for a great day on the beach had an excellent time.  Same time, same place next year.  Hope to see you all there.