Economy Is Showing Some Positive Signs

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Hello again, fellow Creekers.

It seems more often we hear and focus on the negative things than positive, so I thought this week it would be nice to remind ourselves to try and look at the positive and focus on that.

I had the pleasure of speaking with Susan Keown at ERA Young Realty and Investment this week.

Susan shared some positive real estate market statistics that I would like to pass along. The number of properties selling in Rim Country is increasing. From 2008 to 2009 there was only a 2 percent increase in homes sold, but 2010 had a 17-percent increase over 2009 and now, 2011 shows a 16-percent increase over 2010 sales. The inventory has also been decreasing, which is a good sign. In 2008, the number of active inventory was 16.5 months and in 2011 it was only 7.5 months. The average days on the market for residential sales have held steady at approximately 6 months and the percent of active residential foreclosures and short sales decreased in 2011, going to 16.8 percent from 18.1 percent in 2010. These are all positive signs for the real estate market in Rim Country.

We have also seen some positive signs in the lodging industry recently. This winter we’ve had more visitors than last year and we are expecting more visitors this summer than in 2011. It’s been a beautiful spring so far and quite a few guests have told the staff at the Christopher Creek Lodge how much they enjoy the peace, quiet and serenity of Christopher Creek. The attraction to the peace and quiet of Rim Country is another positive sign for the real estate market and local businesses in the area.

As always, I do need your help with content and stories.

Anyone wanting to submit information from the Christopher Creek area for inclusion in our weekly article, please email me at: info@christophercreek lodge.com. Any submitted pictures must be full-size (typically around 1MB per picture). The cutoff time for inclusion in Friday’s article is close of business on Monday.

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