(Newswire.net — May 5, 2014) Invermere, BC — After 6 years of riding the bottom of an economic cycle, Ken Becker real estate agent with Rockies West Realty feels that the local real estate market has turned, and will continue on a positive trend.
Ken brings up the Following points.
- Recent sales stats are showing a positive recovery in that the Invermere area has had it’s best year since 2007. “MLS®”
- Total inventory levels have declined since the peak in 2011 at 1000-1100 listings to about 800-900 currently, however pricing has somewhat remained flat. Our supply has declined from 48 months to 32 months.
- The recovery/bottoming of the U.S housing market, and our 90 cent dollar, are contributing factors of Canadians looking at the Columbia Valley for their discretionary income Real Estate investments. Instead of looking South of the border as in recent years.
- The Bank of Canada has announced the interest rates will remain low for the foreseeable future.
- The neighboring Alberta economy looks to remain the strongest in North America with Calgary apparently having the highest percentage of millionaires per capita in the country.
“With our combination of nice mild climate, warm mountain lakes, golf course selection, natural hot springs, ski hills, and centrality to other communities. Kimberly/Cranbrook/Fernie to the south, Golden to the north, and Calgary being a short drive (2.5 hours) for a 2 day weekend getaway. I believe Invermere and the Columbia Valley will remain the top weekend / 2nd home retreat for the majority of Alberta residents, and all other’s within close proximity of this recreational wonderland.” Says Ken.
Ken Becker was born and raised in Invermere and actually grew up in the Real Estate business. His father was the Columbia valley’s first full time licensed Realtor. Three generations of the Becker family have bought and sold Real Estate in the Valley over 50 years.
Recently Ken was awarded the Royal LePage® “Award of Excellence”
Ken Becker can be reached by phone at 1-888-497-6889 or 250-342-1161
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