Newsletter June 20, 2009
Issue 5
May 20, 2009
Have You Been By The Site?
Debra Waluk
Have you been by the site? We’re four stories up on Chapel and just about ready for windows and doors. On Skinner we’re near to pouring the last of the concrete, and within a short time you’ll see the entire building take shape. We’re making great progress thanks to a terrific team of architects, engineers and consultants, but most of all our Project Manager Frank Doucette whose son William lives in Nanaimo and our Senior Site Supervisor Louis Perron. These two gentlemen have brought with them a combined 54 years of construction experience in BC and Alberta. You’ll probably get a chance to meet them in the completion stages of Studio NA later this year. Speaking of completion we’re getting our show suite ready on Chapel and hope to have it open in July. It will give owners and buyers alike an opportunity to see the quality of our unique designs and finishes, as well as the ingenuity and creativity of local interior designers and merchants. Check up on us next month for an update on our show suite and our progress in getting your new home ready to move into.
Timing is Everything – Now Buying
Gerry Halstrom
June was an interesting time on our family farm. The trick was to get the hay in the barn before the rain hit. So far this June, things are looking pretty good – And I’m not just talking about the farm. We’ve had hot weather (good for the crops) and some pretty hot Real Estate markets (good for everyone). Since reporting last month on returning markets across the Pacific Northwest we’re continuing to see more good statistics. Prices are no longer going down, and in some of the more energetic markets – starting to go up! Why? The news is improving and buyers are finding they can pick up very desirable Real Estate at fair prices and take advantage of some superb interest rates. In Nanaimo active home listings in May were almost the same as a year ago [631 in 2009 vs. 597 in 2008]. The big inventory buildup is coming down quickly. And there were fewer new listings [216 in 2009 vs. 260 in 2008].
So what does this mean? Inventory is going down. Good listings are being picked up at a swift pace and while the “dogs” will not sell (poor condition & over priced), as the summer turns into fall I feel we will see added upward price pressure on the good inventory. So what’s this have to do with farming? Studio NA will be finished in December and we’re now selling again in a good market. Looks like we’ll get the hay into the barn.
