Market Update

Okanagan/Shuswap Real Estate Market Statistics, December 2017

Okanagan/Shuswap Real Estate Market Statistics, December 2017

December was an interesting end to 2017!  Despite cold weather, there was some significant activity, especially in higher end properties.  It was exciting to see our first sale over $1 million on Silver Star Mountain since 2008! On the other hand, it was a typical holiday month with most Sellers and Buyers just too …

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Who Purchased Real Estate in November?

Who Purchased Real Estate in November?

Did you know 21.1% of Buyers purchasing real estate in the Okanagan/Shuswap region during the month of November were from Lower Mainland/Vancouver Island? While only 8.5% of Buyers were from Alberta. NOVEMBER BUYERS SURVEY Home/Property Type: 21.3% by Relocating and moving to similar property type (down from 21.5% in October) 18.9% by First Time Buyers (up from …

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Okanagan/Shuswap Real Estate Market Statistics – November 2017

Okanagan/Shuswap Real Estate Market Statistics – November 2017

Just a few more weeks until Christmas and we are excited!! We wish you and your family the very best of the holiday season! In 2017 the world witnessed almost every natural disaster Mother Nature could dream up. Despite all this, BC is heading towards 2018 with a strengthening economy, lower unemployment and near …

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Who Purchased Real Estate in October?

Who Purchased Real Estate in October?

Did you know “Empty Nesters/Retired” Buyers make up 18-20% of real estate market in the Okanagan/Shuswap? However, more than 50% of the Buyers are two parent or single parent families with children. OCTOBER SURVEY SUMMARY Property Type: 21.5% by Relocating and moving to similar property type (up from 17.6% in September) 18.2% buying Revenue/Investment Property …

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Okanagan/Shuswap Real Estate Stats – October 2017

Okanagan/Shuswap Real Estate Stats – October 2017

Here are the October real estate stats! Hot news from the Okanagan Mainline Real Estate Board (OMREB)   North Okanagan Real Estate Statistics (Vernon, Coldstream, Armstrong, Lumby & Enderby) Stats for October 2017 vs October 2016 Overall sales down 7% to 225 units. Single Family home sales down 18% to 106 units from 129. …

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Okanagan/Shuswap Real Estate Statistics – September 2017

Okanagan/Shuswap Real Estate Statistics – September 2017

October brought both cooler temperatures and a gradually cooling real estate market. Overall, in the Okanagan/Shuswap region sales were down 16% from the same time last year. The change hasn’t been dramatic, but we are seeing fewer sales and longer days on market.  Inventory is still much lower than usual and new listings are …

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Okanagan/Shuswap Real Estate Statistics – September 2017

Okanagan/Shuswap Real Estate Statistics – September 2017

A summer of floods, fires and smoke is suddenly over and the blue skies are back!  Autumn brings a quiet calm as everyone falls back into work and school routines and the real estate market also seems to be on a bit of a break! Despite a slower, non-typical September, we continue to see …

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Okanagan/Shuswap Real Estate Statistics – July/August 2017

Okanagan/Shuswap Real Estate Statistics – July/August 2017

Typical of most summers, the real estate market moderated slightly in July, down 6% from June and down 2% from July last year. Prices in our region continued to reflect strong demand for the available supply. The average home price in July reached $504,712, down slightly (1%) from June, but up 6% from July …

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Okanagan/Shuswap Real Estate Statistics – May/June 2017

Okanagan/Shuswap Real Estate Statistics – May/June 2017

Spring is normally busy for the real estate market with sales increasing in May over April. This year was no different, with sales 38% higher than April – but 6% lower than May 2016. Real estate listing inventory shortage may be easing slightly, but rising prices, short turn-arounds of home sales and the ratio …

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Where are the real estate buyers coming from?

Where are the real estate buyers coming from?

It’s a hot topic of conversation amongst sellers and the team at Priscilla & Company, ‘Where are the buyers actually coming from?’.  Spring is normally busy for the real estate market Generally, real estate sales in the Okanagan and Shuswap increase in May as compared to April. This year was no different, with sales …

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