BOOM! COULD WE BE SEEING THE START OF THE MARKET MOVING BACK TOWARDS SELLERS? If the second full week of February is any indication, then the scales might be tipping that way! In total, we sold 25 homes in the past seven days, which is TEN more sales (15) vs. the output of homes sold the week prior. THE TOTAL VALUE of these 25 purchases was just over $13 million dollars, which is more than DOUBLE compared to $6 million in sales the week before. The highest priced purchase was a Single Family home on the North side of the city which sold for more than $2.5 million dollars. The difference between listing price and sales price was 98% for the week. If you have been following this weekly post, then you know that there may not be a better time to buy your new home than RIGHT NOW!
Here’s the breakdown of sales by property “type” for this past week (February 10th to February 16th)
- 1 Half-Duplex
- 1 Building Lot
- 2 Mobile Homes
- 4 Townhomes
- 6 Condos
- 11 Single Family
Remember…If you’re thinking of Buying or Selling the South Okanagan, please give me a call at 250-328-5138 to see how YOU fit into today’s real estate market!