Gulf Islands real estata stats for 15 Feb 08

Gulf Island real estate statistics presented by Scott Simmons Salt Spring and Southern Gulf Island agent for One Percent Realty Vancouver Island

Salt Spring Island real estate - total Salt Spring island mls listings 249 According to Canada Post web site there are about 2100 homes on Salt Spring.

• 3 Price changes (asking prices are going one way) 560k range, 639k down from 649k see the video from the home owner http://www.escapetosaltspring.com/Salt_Spring_Island/British_Columbia/Homes/238942/Salt_Spring/Agent/Listing_1436746.html ,1.6 mil range
• 1 new sale 350k range (cottage)
• 1 closed sale 330k range (fixer upper)
• 1 off the market waterfront lot long harbour 1.2 mil listing. He thought he would take it off and just keep it there has been little to no action on this listing. It is just the sign of the times with the high end in free fall. If the sellers do not need to sell why give it away. Like my own waterfront house I will not sell my house in this market. I will wait until the next big stock market boom makes lots of new rich and then sell. Sell when everyone is buying not when everyone is selling. This is a great time to be a buyer when there are tons of listing and desperate sellers. Watch the days on the market and the price history. Remember it could be a re listing so get a Realtor to check on the history.

Note to readers technical glitch with Mayne and Galiano stats. Some properties are listed on one or both the Vancouver real estate board and Victoria real estate board. Total listing numbers may be wrong.

Mayne Island real estate  - total Mayne Island mls listings 32

Galiano Island real estate  - total Galiano Island mls listings 43

Pender Island real estate  - total Pender island mls listings 104

Saturna Island real estate - total Saturna Island mls listings 10

Realtors can not advertise other agents listing so that is why I give ranges only if you would like to know the exact prices or addresses sent me and email  scottonepercent-statblog@yahoo.com or log on and view all the prices with my new PCS market watch system . Updates faster than the mls

Statistical information may not be precise, does not include private sales or exclusive listings.

I was just over visiting a small town on Vancouver Island and can not believe how low price the real estate is and it will not be low for long. The thing is it will change very fast when something big will happen soon and once it does it is to late to invest. Call or email for info. I'm planning on making personal investments in the area and want to do so before the herd so will not be putting the name of the town out on this blog. Houses are in the 250k range.

Cheers
Scott