THE HOLIDAY SEASON IS OFFICIALLY UPON US…….And home sales have seen a small decline compared to the prior week. In total, 15 homes were sold in the past seven days. That’s 3 less homes (18) sold vs. the prior week. Total value of these 15 transactions was just over $6.8 million dollars. The highest priced sale was an acreage in Naramata which sold for more than $800k. The difference between listing price and sales price was 97%. We have been hovering between 96% and 97% of asking price for the past two months. Many home 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!
Here’s the breakdown of property “type” for this past week (November 25th to December 1st)
- 1 Mobile Home
- 2 Acreages
- 3 Townhomes
- 3 Condos
- 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!