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Selling Kelowna Real Estate Group
Serving Kelowna, West Kelowna, Peachland and Lake Country
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Timing the Market
Timing can sometimes make all the difference, whether its trying to get moved before school starts, or winter hits, timing when you list and buy your home can make all the difference. This week we are starting with the end in mind to consider when you are wanting to move by and when you should list or purchase by. To help with your planning, I have created our very own "When to Move By" chart using the 3-year Average Days on Market and assuming a 60-day possession period. I
Love it or List it?
With yesterday being the day of love, and if you don’t love your house, you don’t necessarily have to move, there’s another option… renovate! It’s not an easy decision. Selling a home and moving to a new home can be a process and be straining both mentally and financially...... I mean that is even if you can find any homes the check the boxes, in this low inventory market. But renovating also comes with its own sets of headaches, especially in today’s labour-shortage and high
“Everything is Going to be Alright” -Andrew Ramlo
Last week I attended a luncheon that had a presentation looking at the outlook of the real estate market in the Okanagan in 2023 and over the next 20 years. The presentation was by Andrew Ramlo, Vice President and Advisory with Rennie, and was titled “ Everything is Going to be Alright”. I am still processing a lot of the information but here are my top 6 take aways and a link to all the slides can be found below. Overall the presentation title says it all, he is predicting w
January 2023 Statistics
New month, new year, same story. In January we saw yet another rate increase of 0.25%, which is predicted to be the last. With rate decreases predicted by the end of the year, it may be an indication that we may be at the bottom of the market right now. Sales in January were at a 10-year low of 166 total sales. Having options to buy is still an issue, which is impacting the number of sales. Currently there are 1842 active listings, which is down 14% from the 10-year average.
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