IT WAS A QUIET WEEK OF SALES…..where only 11 homes were sold in the past seven days. Total retail value of these 11 transactions was just over $5.8 million dollars. The highest priced sale was a Single Family home in the Uplands/Redlands neighbourhood which sold for more than $1.3 million dollars. The difference between listing price and sales price was 96%, which has now been the case in five of the past six weeks. Before this time, we had been firmly locked into a minimum sales price of 97% of a seller’s asking price. Homeowners are being very realistic with their offering price, and we are firmly locked into a balanced market at this time. I still believe that RIGHT NOW is the PERFECT time to buy that new HOME!
Here’s the Property “Type” breakdown for this past week (November 11th to November 17th)
- 1 Mobile Home
- 2 Half-Duplex
- 2 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!