Okanagan Real Estate Report

Did You Know?

If your home is clean and tidy it can make a difference of up to 10% on the sale price on your home.  It's true. People like to think they make logical decisions. However, most decisions including buying a home are made emotionally and then justified with logic. When people walk into a home whether they buy it is in most cases based on how they "feel" when they walk through the home. Many times a buyer will tell a Realtor at the start of their search that they want a 3 bedroom home in East Hill with a double detached garage and a finished basement. Then they buy a 2 story in Alexis Park with a single garage and an unfinished basement. How can it be so different? Because people start out with a logical set of wants but end up with a house they simply felt good about. This is why it is so important to make sure that your home shows as best as it possibly can. Shampoo the carpets, touch up the paint, manicure the lawns and yard and clean it top to bottom before a showing. It is a lot of work every time you show your home. However, one study showed that these little extras can make a difference in the sale price of a house of up to 10%. In the North Okanagan Real Estate Market that could be as high as $40,000. That's a lot of money for a little time and effort. 

 Strongest December in years!

Sales activity for December 2013 Okanagan Real Estate 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 Okanagan Real Estate. 

For more information go to:  www.joelellams.com

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