Real Estate Market Crazy

To the editor:

I can't believe the real estate market in the past few months - interest rates are down? Now is the time to buy? Well, good luck finding a place! I have been looking for a condo since November, but they are being snatched up as fast as they are on the market! Twice now in the past month I have gone to look at a place (within a day of the listing coming on the market) and have lost out to someone else. The lastest was a condo listed for $125,900.00. I was the first one to view it and immediately put in my offer of $125,000.00. Later that day my agent called to say that someone had offered higher than the asking price and beat us out. I can't believe how crazy it is out there! Places are selling fast and people are out bidding people and paying more than asking prices. It happened with my friends neighbours as well. They were asking $245,000 for their house and got $247,000!! Prices in houses in Kelowna have gone way up, and places are continuing to sell by the minute! Anyone who says prices are outragous down at the coast, take a look around because the way things are going, we're soon not far behind!

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