cheaprealty net

This graph says it all, comparing last May (HOT) with this year (not). Looking at the graph, sales volumes were much higher in the lower price ranges a year ago. This year, houses are not listing and selling in those same price ranges, maybe because specuvestors think their houses are worth much more after owning for a whole year - time enough for a profitable flip, right? Looking at the price brackets where sales were a year ago, is it any wonder the Okanagan real estate market is in a tailspin now? All the affordable properties are gone. Or have been delusionally listed way too high. Bring them back down for the second half of 2008 into 2009, and maybe the market could revive a bit.

One of the neat things about running your own web-site is the opportunity to exam your site logs and see where visitors arrive from. For the most part, I watch the logs to block various web-sites from linking or otherwise polluting this web-site with spam. Sometimes when checking the logs other interesting stuff appears.

Anyway, today my site started getting a lot of hits from the forums at Castanet, which is billed as the Okanagan's Discussion Forum. Checking the links, I found a very interesting discussion about "Popping Kelowna's Housing Bubble: The Canadian Credit Crunch". The topic has now reached 2396 posts and 160 pages since December 2007. The link is here.