I HAVE WITNESSED A CHRISTMAS SURGE…….I GUESS “LAST MINUTE” SHOPPING EVEN HOLDS TRUE WHEN PURCHASING REAL ESTATE!………….In total, 13 homes were sold in the past seven days. This almost doubled the output from the week prior where we sold 7 homes. Total value of these 13 transactions was just over $6.3 million dollars compared to $2.3 million the week prior. The highest priced sale was a single-family home in the Wiltse neighbourhood which sold for more than $900k. The difference between listing price and sales price was 96% for the week. We have been hovering between 96% and 97% of asking price for the past two months. Most “Sellers” are being very realistic with their offering price, and we are firmly locked into a balanced market at this time. RIGHT NOW is a GREAT time to buy that new HOME……..IF YOU HAVE ALL OF YOUR CHRISTMAS SHOPPING COMPLETED!
Here’s the breakdown of property “type” for this past week (December 16th to December 22nd)
- 2 Condos
- 2 Townhomes
- 3 Mobile Home
- 6 Single Family Homes
Remember…If you’re thinking of Buying or Selling the South Okanagan, please give me a call at 250-329-5138 to see how YOU fit into today’s real estate market!