Okanagan/Shuswap Market up 20% in Overall Activity in 2014

Did you know we speak multiple languages?That's just a little tongue and cheek. However, our global site does speak multiple languages. In the Okanagan Shuswap Real Estate market it is more important to market your property to the entire world than many other areas. Primarily because we are one of the most popular destinations to move to on the planet. So how can we market your home to people who do not speak English? Enter www.century21global.com. This is a website that has language translation capabilities for languages all over the world. If someone in China is interested in your property and it is on our global site they will ask their questions in Chinese. I receive those questions and answer them in English. He receives my answers in Chinese. The website automatically translates the conversation back and forth. This is called "Multiple Language Interchange". This is a way we can effectively market your property all over the world and it is exclusive to Century 21. Just another way that you get what you pay for with Century 21.

20% increase in overall activity in the Okanagan Shuswap housing market in 2014

December statistics were no different than the rest of the year. Even though the North Okanagan had a bit of a dip in sales in December compared to the Central Okanagan and the Shuswap, overall 2014 was a year of decisive recovery. When we compare December 2014 sales to December 2013 sales the Central Okanagan was up 21%, the Shuswap was up 28% and the North Okanagan was down 7.6%. However, as we have stated many times one month does not make a market. Year over year all three zones were up substantially in activity and prices. The North Okanagan was up 33%, the Central Okanagan up 17%, and the Shuswap up 10%. Median prices rose in 2014 but not nearly as much as activity. With the inventory continuing to stay low we should expect increased pressure on pricing as we go through 2015.

For the statistics for the rest of the Okanagan Shuswap Real Estate Market click here.

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Don Melanson

Don Melanson

CENTURY 21 Executives Realty Ltd.
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