Kelowna Real Estate Blog – Paige Guernsey

What to make of the current media reporting

Posted by paige on October 7, 2010 | No Comments

Media reporting about what’s going on in the Kelowna real estate market is all over the board these days.  You get the infamous Garth Turner spouting the dire consequences of owning real estate, particularly in the Okanagan (guess he doesn’t own any, poor guy).  You see articles from various real estate companies keeping a positive take on what’s really going on out there and amazing front page articles like this SOLD FOR $10,000,000 and of course you get bloggers (like me) who… well, don’t always have a clue about anything.

It’s tough to look at all the pieces and make sense of it.   September stats are out 2010 to date Stats and they’re down and they’re scary. BUT… when you consider the big picture buying and selling real estate is more often than not the most successful investment you’ll make. Inventory is up… making selection great for buyers, interst rates are low and sellers need to be very careful when choosing a price with their realtor.  Take the plunge!

Talk to you soon…

Paige