Season’s Greetings to you! At this time of year we like to pause in our busy schedules to send a heart-felt ‘thank you!’ to the amazing people we meet and have the privilege to work with every day.

2016 was a lively year for the Okanagan and Shuswap real estate markets. Sales activity during November and December remained well above the same time-frame last year, but we are feeling a steady return to more ‘normal’ levels. As always, the market is fluid, but most experts forecast the market will continue to normalize into the New Year. 2016 was unpredictable, a little stability sounds good!

If you would like to read a quick summary of the federal and provincial government policies changing the industry check out our November 9, 2016 blog ‘Our Unbalanced Fall Real Estate Market’.

Our office is still busy with Buyers. We think it will be steady right through Christmas. Our RE/MAX office on Silver Star is open and the snow is falling. Simply gorgeous! Even if you don’t ski, Silver Star has so much to offer and it’s a great way to get into the festive Season. Tube Town is great fun for all ages! Or, simply bundle up, take a walk through Village and have a hot bevy at the newly remodeled Red Antler. Just be sure to pop by our office to say hello.

North Okanagan Real Estate Market Statistics (Vernon, Coldstream, Armstrong, Enderby & Lumby)

Stats for November 2016 Compared to November 2015

• Overall sales up 7% to 172 units from 160.
• Single Family home sales down 4% to 73 units.
• New listings, 211 units, up 5%.
• Active listings 1,299, down 23%.
• Single Family homes listed, increased 37% to 92 units.
• Average days to sell 130, up 7% from 122 days.

Shuswap Real Estate Market (Salmon Arm, Shuswap & Sicamous)

Stats for November 2016 Compared to November 2015

• Overall sales up 3% to 77 units.
• Single Family home sales decreased 18% to 27 units.
• New listings, 116 units, up 40%!
• Active listings 999, down 14%.
• Single Family homes listed, increased 59% to 43 units!
• Average days to sell 159, up 10% from 176 days.

Source: Okanagan Mainline Real Estate Board Statistics:

North Okanagan: North Okanagan Monthly Statistics, November 2016

Shuswap: Shuswap / Revelstoke Monthly Statistics, November 2016