Is the Okanagan Shuswap Real Estate market going up or down...YES

Generalization is a problem when trying to interpret Real Estate statistics. We all want to know, "What is happening to the value of my home?" We assume from the reports from the Real Estate Board that it is going up. However, they simply say average price is going up. Each property price range has it's own little market.  For example, if we look at houses below $500,000 in the Okanagan Shuswap prices are definitely rising. But consider this. In the last 12 months the average sale price of all houses sold above 1 million dollars in the Okanagan Shuswap was $1,642,000. The average price of houses over 1 million sold in the previous 12 month period was $1,732,000. That means that prices over 1 million are still going down. Pricing your home is complicated and takes informed, professional expertise. If you are thinking of selling in the New Year give me a call. I can help.  

Bill Hubbard

Bill Hubbard

Broker/Owner
CENTURY 21 Executives Realty Ltd.
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