13% Price Increase Expected For Squamish Real Estate
All areas around Vancouver have regained the high prices we saw in the summer of 2008... except for Squamish. This means that Squamish is the only area that remains 13% down. Squamish is a small town of about 17,000 residents and typically responds more slowly to real estate market forces than larger areas. this delay allows us excellent foresight into the probability of the Squamish real estate market when compared to the surrounding markets. All other areas have regained their prices which suggests that Squamish will also regain its property values. We could expect to see Squamish property values grow by 13% or more in the next few years making Squamish an interesting investment.
Morgan Rice
Squamish Real Estate REALTOR (R)
604-849-2668
http://www.morganrice.com
mrice@macrealty.com
