I had lunch today with our Dad, Bruce Stone, who sold Real Estate in Kelowna from 1978 through to 1999 (now he's in the factoring business as well as giving his daughters advice). We were discussing the number of offers we have had on our listings lately and that several of our sellers have not accepted the offers. Dad said that tends to be the first indicator of a market that is improving. It may be that sellers are thinking (and I would agree) that things have hit bottom and that Spring should see an increase in activity (and perhaps an upward trend on prices?)
Of course only time will tell, but it's always good to hear the opinion of someone with such experience.
If we can help you with any real estate needs or questions, please give us a call or email.
Tamara Stone
www.stonesisters.com
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