Market Update

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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Okanagan/Shuswap Real Estate Market – April/May2017

Okanagan/Shuswap Real Estate Market – April/May2017

May was a fast, wet month. Our local lakes continue to rise and we sympathize with everyone feeling ‘flood fatigue’. May also reminded us, it’s the kind and resilient people who make the North Okanagan and Shuswap an amazing place to call home. Gratitude Disasters bring an abundance of unnamed heroes – the selfless …

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Okanagan/Shuswap Real Estate Market – March/April 2017

Okanagan/Shuswap Real Estate Market – March/April 2017

Overall, sales volume reflects that we’re in the midst of a spring market in the Okanagan/Shuswap. However, we don’t have enough inventory to support typical real estate sales for a busy spring market. Real estate sales in March 2017 were up about 60% over February but are roughly on par with this time in …

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Okanagan/Shuswap Real Estate Statistics – February/March 2017

Okanagan/Shuswap Real Estate Statistics – February/March 2017

Spring has been painfully slow to arrive in the Okanagan/Shuswap this year and so has the usually brisk spring real estate market. But we are seeing an increase in activity in the last few weeks so there is light ahead! Overall, real estate sales are 10% lower than the same time last year. Despite …

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Okanagan/Shuswap Real Estate Statistics – Dec/Jan. 2017

Okanagan/Shuswap Real Estate Statistics – Dec/Jan. 2017

Slow and steady, the North Okanagan and Shuswap real estate market cooled in December and January, returning to more ‘normal’ conditions. Listing activity is still weak and this lack of new inventory is keeping sale prices up. The phones were quiet over the holiday season, but many including our team were fighting that terrible …

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Okanagan & Shuswap Real Estate Statistics – Nov/Dec. 2016

Okanagan & Shuswap Real Estate Statistics – Nov/Dec. 2016

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 …

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Okanagan & Shuswap Real Estate Statistics – Oct/Nov 2016

Okanagan & Shuswap Real Estate Statistics – Oct/Nov 2016

2016 is winding down and the experts are starting to forecast what 2017 will look like for B.C.’s real estate market. Over the past month real estate sales slowed. A number of factors suggest we could be heading for a gradual downturn. BCREA suggests less robust economic conditions combined with government policy constraints will …

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Our Unbalanced Fall Real Estate Market

Our Unbalanced Fall Real Estate Market

After a wild summer the fall real estate market felt almost sluggish in the Okanagan/Shuswap, but compared to October last year sales in the North Okanagan were still higher. Our Shuswap region saw a slight decrease. These past 12 months have been a roller coaster ride with major changes to the Canadian financial and …

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