Quote:
Originally Posted by Tron_fdc
Yeah, I saw a listing in the Okanagan that read "Insult me with any offer. Bring it on!!"
Of course, when I contacted the realtor she said I had to be in the $300 range (it was listed for $330). That's not insulting......insulting to me was coming in at $200, so I didn't bother.
The same development has furnished 2 b/r plus loft, 2 bath, double garage, semi lakefront (a block back) going for $350. I heard it was supposed to hit $500-600k this year (that's what was speculated 3 years ago) and people are desperate to move their investments.
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There is going to be a huge over supply of Okanagan Lakefront type condo's here in the near future. Osoyoos where I live had a lot of places pre-sell like 80% of the development last year at high prices...and haven't sold a unit since. My boss has a townhouse he's trying to see and there haven't been any in that development sell since January. With the US dollar still low and the US housing market where it is, many investors have taken their money there...literally leaving no one left to invest here. I know right now the last thing I'd buy in Osoyoos....is a condo of any type. Saturated market thats about to get really cut throat.