The real estate market shows its tone by mid-February, in our secondary home marketplace. It seems that the first six weeks of a New
Year continue the tenor of November and December of the previous year.
A resurgence in sales, a thin inventory, a stabilizing of prices….these are continuing signs of a market uptick. An increase in tax assessments that reflect strong sales in the previous year…such assessments are mailed out to property owners in early January…is another marker.
It is wise to allow January and early February to unfold. The secondary home markets see their busiest moments between mid-March and end of October. Best, perhaps, to let the first weeks bring forward the clues to the rest of the year.
So, attend conferences that offer arrows of information about the future. Pay attention. Be aware of shifts and changes.
It’s the fallow field moment: the roots are busy, but nothing yet shows above ground.
Salt Spring and the Gulf Islands remain extraordinary places to visit, to enjoy, to choose as special places to live. They are “seasonless” experiences.