Shuswap/Okanagan Housing Market Very Strong

The market continues to do it's march up the recovery leg of the cycle. It is uncanny how similar the market is when we put graph over graph from previous years. The Central Okanagan is now into a seller's market while the North Okanagan is statistically in a balanced market and the Shuswap is still in a buyer's market. The Shuswap showed a strong month in September with a 30% jump in absorption and 65 sales. The Shuswap has not seen that many monthly sales since April of 2007. Overall the Okanagan Shuswap housing market shows no sign of changing directions and the market drivers (Outside forces) are continuing to push our local Real Estate activity and prices. The USA continues to recover with a 4.3% rise in residential prices and there is a 9% increase in the percentage of Alberta buyers in the Okanagan Shuswap over the last 2 years. All in all a great time to buy.....

Information available, thanks to Bill Hubbard

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Annette Cosens

Annette Cosens

CENTURY 21 Executives Realty Ltd.
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