A few days of spring-like weather has turned thoughts to real estate as local realtors notice the annual uptick in interest in Similkameen real estate markets.
Tuesday McDonald of Royal Lepage Realty Keremeos said recently, “A few things are moving. With spring here, everyone is hopeful that real estate markets are going to be robust.”
However, McDonald adds, “Real estate prices are still dropping - bargains are selling well, though.
The commercial and agricultural sectors are stable, but McDonald is encouraged by recent local high profile sales of businesses like the former Pasta Trading Post and, more recently, the Elks Motel.
“Even though prices haven’t picked up recently, we are seeing increasing activity,” McDonald observed, “that’s a good sign, in my view.”
McDonald also sees signs of real estate investment in the South Similkameen, noting a number of new expensive residences currently under construction.
“Driving around, I’m seeing quite a bit of activity,” she said, noting recent construction in the Copper Road subdivision on River Road.