July sales are Up!

In July 2014 sales are up again in the North Okanagan, the Central Okanagan and the Shuswap compared to July of 2013. Year to Date sales are up in all three zones, 42%, 15% and 5.5% respectively. Median prices are up 2% in the North, 10% in the Central and 5% in the Shuswap compared to July of 2013. We must keep in mind that prices are the toughest statistics to portray accurately. It is more reliable to compare a specific type of house in a specific area over time. For example, comparing a 3 bedroom, 2 bath house with a garage in East Hill in July 2013 to similar homes in July 2014. Comparing a month this year with the same month last year does not tell the whole story. However, it does tell us that prices are changing and in the right direction. As a seller, now is the time to think about listing. Buyers should take advantage of the low interest rates. Give me a call at 250-307-1101 and we can discuss your real estate situation.

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Glenn Szabo

Glenn Szabo

CENTURY 21 Executives Realty Ltd.
Contact Me