According to the latest stats the price of a residential home in the Kootenay's was 4.4% lower in October 2008 then in October 2007. The average price for October 2008 was $282,606 compared to $295,672 in the year previous.
During the same period the number of listings increased by 57.7%. This has resulted in a decrease in the number of sales to the number of listings. Represented as the sales to listing ratio we have had a drop from 16.2% in 2007 to 7.2% in 2008.
There are some excellent opportunities to purchase right now. If you have been thinking about investing in Real Estate but reluctant to jump in now may be the right time.
Showing posts with label October 2008 Kootenay Real Estate Stats. Show all posts
Showing posts with label October 2008 Kootenay Real Estate Stats. Show all posts
Sunday, November 16, 2008
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