A month ago the Real Estate Market was pretty quiet on Salt Spring but lately it has surged and now there are lots of Buyers and more and more Sellers putting their homes on the Market. Right now homes under about $700,000 are seeing a lot of activity and sometimes multiple offers. Homes above $700,000 are in a more "balanced" market but with a fair amount of interest from Buyers, especially those from Vancouver and Victoria who wish to have a bit of land and some peace and quiet. My peace and quiet comes with a quiet evening around my fire pit.
If you are thinking of Selling, my advice is to list now as the Market is pretty active. Looking to Buy? If you find the right house and price...be prepared to move quickly with an Offer. It's good to have a Realtor who knows Salt Spring...there are so many different areas and some quirks about the land and zoning. I've been here 15 years...I've got most of the area and quirks figured out! :-)