HAPPY NEW YEAR! WELL, IT WAS SOMEWHAT EXPECTED THAT WE WOULD HAVE OUR SECOND QUIET WEEK (IN A ROW) OVER THE HOLIDAY SEASON!……..AND IT WAS! In total, just 7 homes were sold in the past week. That’s the exact same number of homes sold as the week prior. Total value of these 7 home sales was just over $2.9 million dollars compared to $3 million the week prior. The highest priced sale was a Single Family home in the Wiltse neighbourhood which sold for more than $650k. The difference between listing price and sales price was 97% for the week. Most homeowners (Seller’s) are being very realistic with their offering price, and we are firmly locked into a balanced market at this time. If you have been following this weekly post, then you would know that RIGHT NOW is a GREAT time to buy that new HOME!

Here’s the breakdown of property “type” for this past week (December 30th to January 5th)

  • 1 Building Lot
  • 1 Half-Duplex
  • 1 Condo
  • 2 Townhomes
  • 2 Single Family

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!