February 2019 Real Estate Market Stats
Posts tagged with: real estate statistics
February 2019 Real Estate Market Stats
February 2019 Real Estate Market Stats March is here and the sun is shining! Hopefully, Spring is on its way. In Real Estate, February was another month where the market continued to correct. Sales volume, average price and days on market for single family homes in the North Okanagan residential market seem to have leveled [&hellip
Read MoreBC Speculation Tax Will Go Ahead
BC Speculation Tax Is Going Ahead The news every vacation property owner in British Columbia didn’t want to hear was just announced by the BC Government. Last week they, and the BC Green party, reached an agreement to institute the unpopular tax. This announcement comes, despite push back from local governments and mayors. While there [&hellip
Read MoreWho 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 15.5%) [&hellip
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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 38% [&hellip
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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 property [&hellip
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Okanagan/Shuswap Housing Market – May/June 2016
Breaking real estate records in the Okanagan-Shuswap! From Peachland to Revelstoke, we’re seeing rising prices and short turn-around times between listing and selling. Hard to believe a year ago the North Okanagan-Shuswap real estate market was slow. Nothing has been straight forward this past month. Multiple offer scenarios, complex negotiations, and tight timelines have become [&hellip
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Okanagan Real Estate Market – November 2015
Wildly diverse Okanagan and Shuswap real estate markets Oil prices received a beating this year, but BC is experiencing a strong economy and housing demand in most (not all) BC communities has been strong. Rock bottom mortgage interest rates and vigorous population growth are providing a strong foundation and boosting confidence. Year-to-date, Okanagan Mainline Real [&hellip
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Winter 2015/2016 at Silver Star Mountain Resort
New for Winter 2015/2016 at Silver Star Mountain Resort! Did you hear about the new and exciting changes at Silver Star Mountain Resort? Here’s a summary. Check out the full details at www.skisilverstar.com 130+ acres of new terrain on the mountain including 90+ acres of new intermediate level terrain and 20+ acres of expert-level tree skiing. A [&hellip
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What Canadians Sacrifice To Afford Recreational Property
Canadians prefer vacation cottages to destination holidays Here’s some news, reports are showing renewed interest in recreational property by Canadians! Not only is the low Canadian dollar attractive to foreign buyers, but Canadians of all ages and from all regions are enthusiastic about spending time at the cottage, cabin or ski chalet. In the Recreational Property [&hellip
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Okanagan Real Estate Market – October 2015
Fall 2015 – A Disappointing Real Estate Market We are well into the fall market. Kelowna is having a record year. While we are still busy to the north in Vernon, the actual sales activity in the Okanagan-Shuswap is best described as ‘disappointing’. You might not know it from the news reports, but the North [&hellip
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