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Bowen Island/Gulf Islands - help please?
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03-03-2014, 09:31 PM,
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RE: Gulf Islands - help please?
I moved to Bowen in 2012 from the prairies. Dodged a bullet this winter! Anyway we rented for the first year and bought this spring.
I tracked the market very carefully from 2011 through the purchase of our house. There are still some houses on the market from 2011. Obviously relisted many times to refresh the DOM and at up to 30% less asking price. Depending on what you want there may or may not be anything available that you might be interested in. Much of the house stock are cottages that have been renovated and added onto. Most would be fairly major projects. Prices are on the way down and although market activity has picked up recently the sales prices are much less than the asking prices. In our case, the house was on the market almost a year and we were the first offer. They were ready to negotiate. The upcoming BC Ferries cuts may push some people off the island and that could lead to an increase to the supply side in the summer. It has been a great place to live, but I wouldn't want to commit to a daily commute off island. Regards, Navier |
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