Home Prices are Down 12%
Posted on May 23, 2023
This month, you will read online and hear that home prices are down 12% from last spring, THE PEAK OF THE MARKET.And that is 100% true.
But other than the normal, seasonal drop around Christmas, the market has been relatively flat and balanced since the middle of 2022.
Month to Month we are in a good place for buyers and sellers.
Advantages to Listing your Home in the Spring
Posted on Apr 17, 2023
Are you considering selling your home? If so, this is for you.
1. Increased Demand
Spring is traditionally the busiest time of the year for the real estate market. Buyers who were holding off during the winter months are now ready to jump into the market. This increased demand means...
There's no better time to sell than in the spring market.
Here's why:
Here's why:
1. Increased Demand
Spring is traditionally the busiest time of the year for the real estate market. Buyers who were holding off during the winter months are now ready to jump into the market. This increased demand means...
What is Property Transfer Tax?
Posted on Mar 28, 2023
If you're planning on buying a property in British Columbia, Canada, it's important to know about the Property Transfer Tax. This tax is applied when you purchase or gain interest in a property that is registered at the Land Title Office. Unless you qualify for an exemption, you will be required to pay this tax.
The Property Transfer Tax is calculat...
The Property Transfer Tax is calculat...
Are Multiple Offers Back in the Real Estate Market?
Posted on Mar 09, 2023
Are Multiple Offers Back?
Multiple Offers are happening in the market again
But it’s not like last time.
At least, not yet.
For the most part, despite receiving multiple offers, homes are not selling for over the listing price and sellers are not setting an offer date to hold off offers in an effort to stir up a bidding war. And home prices are signi...
Central Okanagan Real Estate Prices
Posted on Feb 08, 2023
For the first time since June 2021, the average residential selling price in the Central Okanagan dipped below $1 million dollars as the market correction continues towards a soft landing. This also marks the second time in three months that the Benchmark Price was below a million dollars at $976,800.
Currently, buyers can expect a nearly 7% discoun...
What is going to happen with the Real Estate Market in 2023?
Posted on Jan 10, 2023
What is going to happen with the Real Estate Market in 2023?
Click the video, or read below, for my three predictions for 2023.
Prediction #1
The market is either going to go down, go up, or stay the same.
I don’t know what prices are going to do. No one really knows.
No one has a crystal ball and the market can change rather quickly as we saw in the...