JUST WHEN I THINK THE MARKET IS SLOWING DOWN…..BANG! ANOTHER SOLID WEEK! In total, 25 homes changed ownership this past week compared to the 20 homes that had sold the week prior. Total retail value of these 25 transactions was just over $10.6 million dollars, compared to $11.5 million the prior week, all in all, I would say it was another very consistent week! The highest priced transaction was a Townhome on the South side of the city which sold for more than $720,000 dollars. The difference between listing price and sales price continues to stay very consistent at 97%. Seller’s have “Dialed In” their asking price, and we are easily locked into a balanced market at this point in time. However, now is the perfect time for Buyer’s to be purchasing their new property!

Here’s the breakdown of sales for this past week (September 9th to September 15th)

  • 1 Half-Duplex
  • 1 Lot
  • 1 Mobile Home
  • 4 Townhomes
  • 9 Condos
  • 9 Single Family Homes

Remember…If you’re thinking of Buying or Selling in the South Okanagan, please give me a call at    250-329-5138 to see how YOU fit into today’s real estate market!