The Real Estate Market in the Okanagan Shuswap had one of the strongest Decembers in years.

 

 

Sales activity in December of 2013 was up substantially in all three zones; the North Okanagan, the Central Okanagan and the Shuswap. As you can see by the statistics of residential sales all the numbers are going in the right direction and are responding as was predicted in previous months. Home sales in the North Okanagan were up 86% over last December. The Central Okanagan was up 45% and the Shuswap was up a whopping 108%. The absorption was also up in all 3 zones and the inventory was down. These three statistics are our best indicators of what is to come. Even though prices seem like they are rising when we look at the running averages for the year, prices are remaining steady. We will likely see some upward pressure on prices this spring as the market changes slowly from a buyer's market to a seller’s market. Once again it is a great time to buy. 

Dave Strle

Dave Strle

REALTORĀ®
CENTURY 21 Executives Realty Ltd.
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