Here’s the latest from Jake!
As always, there’s no predicting our Real Estate market, only educated guessing!
So here’s my educated guess, based on what we’ve seen over the last few months:
Our Fall Real Estate market is one of the busiest times of year - an excellent time to sell property. We’ve seen good activity over the Summer months - it's a Sellers market, low in inventory, and the average house price has gone up in value.
Interest rates remain low.
Regardless of what’s going on in the world, there continues to be a strong desire for people wanting to live in the Okanagan.
We live in a beautiful spot!... can you blame them?? One look at Kalamalka Lake will make anybody fall in love with this place.
It did it for me :)
In saying that, I'll always be optimistic towards investing money in Real Estate here. I’m constantly looking for opportunities to share with my clients, whether buying or selling.
Obvious opportunities:
- Older houses in good locations on large lots, especially corner lots
- Older houses in need of cosmetic renovations (Nice, quality renovations that enable someone to move in and enjoy without doing any work).
These days, it's very important to maximize online marketing strategies to achieve the most money for Sellers. More and more Buyers are contacting Real Estate Agents and wanting them to do virtual tours. A lot of offers are coming in from people who haven't even stepped foot inside the property. Online shopping is here to stay!
We’ve included a ton of data and stats here for those hungry for more info :)
Please reach out if you have any further questions!
-Jake
