This past weeks market, we continue to see new listing more and more heavily out weigh the sold's, as well the price changes down are increasing. Judging by the weekly activity dropping off with the amount of sales in the last week compared to the sales in previous weeks. It appears buyers are holding out, for the time being. Whether its due to banks further tightening up before the next rate announcement on June 1st, or buyers that are not desperate to buy holding out to se
With the 2 hours of sunny weather last week, I couldn't resist the opportunity to play around with my drone. Shots taken from the location of our 860 Wilson new townhouse development. I am adding this weekly look at the market to give you first hand look a the change of new homes, solds, and price reductions. The Association of Interior Realtors publishes a quarterly report on the real estate market. This week even though its a month late we are going to take a look at it.
The stunning views from our latest listing in Sonoma Pines on Siringo Lane...... I could get used to this view. View it here This week we are going to look at all of British Columbia's real estate market, just to see how we chalk up with the rest of the province. For the most part, in the Okanagan, we are experiencing the same issue with inventory, albeit it is slowing creeping up but at this rate it will take 28 weeks to get to the 4,600 active listings that is estimated tha
Finally some sunshine, our family took it in with a walk around City Park this past weekend. How is it May already? A pre-emptive Happy Mothers Day to all the mothers out there! As we look at the real estate market in April, this month was one in which we continued to see the shift in the market. Overall homes are still selling, as you will see in the total numbers, but that only tells part of the story. This past week we have seen: - 87 price reductions, - 286 listings w